Aug. 31 at 12:52 PM
$FF lets see if we hold the 61.8% retracement(5.14) from the 3.99-6.99 wave, as well as being close to the 50% retracement of the entire move from the 3.09 november and 3.12 march lows. Along with another near full retracement of the 5.03 or 5.10-6.99 move, the 3rd such near full retracement move since November. Its building the structure for a wave 3 of 3 of 3 imo. Diesel crack spreads at all time highs, oil up over the weekend. From the news articles I've read in recent weeks, biodiesel margins are some of if not the best that producers have ever seen. Along with the double sequential step up in chemical segment revenue thats guided for the same incremental growth for the next quarters and years with the capacity expansions and efficiency upgrades and moves to higher priced product volumes. As long as the rvo exemptions dont get crazy i think we stair step up into q3 earnings. Or we drop to 4. 08 lol idk anymore. I know i believe the short and long term thesis is looking pretty good
