A “bull flag” formation appeared on the monthly crude oil chart in early March 2008, which accurately predicted the ensuing price advance to $147 per barrel. Flags are consolidation patterns within the existing price trend. In an uptrend, the formation truly resembles a flag. It stands atop a “flagpole” and slants downward in the shape
Drozd: $147 crude no surprise, but now what?
Drozd: Corn fundamentals catching up to charts
The fundamentals are playing catch-up to substantiate what the charts were predicting months ago. It was Jan. 2, 2008 and corn prices began the New Year trading above the previous month’s high. This higher opening created a “Gap” in price between the December high of $4.57 and January’s low of $4.59. A gap is an
Cyber-Savvy Farmer
