Brown Mustard Has Gone Parabolic

The longer the base, the higher in space applies to this chart.

This statement means that a long base leads to a much longer and stronger move when it does finally begin.

In August 2021, Brown Mustard broke above the 19-year resistance of 45 cwt before the parabolic move to the current average price of 117.

This chart is similar to Yellow Mustard which I discussed last week; Yellow Mustard is Hot, Hot, Hot.

Where will it stop?

I have no idea; however, I have levels of interest at 130 and 150, where I anticipate the price to slow down or find a top.

Long position holders are feeling pretty good right now and not in a hurry to sell.

I will monitor the Brown Mustard price and notify the reader of a trend change or sell levels when they present themselves.

Please share with anyone who has an interest in this crop.