Another inquiry from member @nj1957 in the trading room was a request for an update on IPI (Intrepid Potash Inc). IPI is back-testing the former T1 level (actual support at 1.80), which is now support. This provides an objective long entry with a stop placed somewhat (5-10%) below. IPI is unofficial trade at this time although I plan to review the agricultural inputs/fertilizer sector & may soon as IPI as an official trade if the sector & related fertilizer stocks confirm.
IPI daily Jan 18th