Chart patterns Archives - Page 2 of 3

Cattle prices start 2012 at a new historical high

By David Drozd February 15, 2012

Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are continuation, or sideways consolidation patterns,

Cereals, News

How Euro zone uncertainty affects wheat markets

By David Drozd January 12, 2012

Charting and technical analysis may be likened to reading a price road map where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and their implications for prices. Classic formations, once identified, will point the way, signal caution,

News, Oilseeds

Topping Action In Soybean Meal Sends Calming Signal

By David Drozd November 3, 2011

Livestock producers were left scratching their heads when the December 2011 soybean meal futures contract posted a new high in late August. The news was incredibly bullish, as concerns of an early frost were on producers minds. The big question was, Should I be locking in the price of meal before it gets any higher?

News

Main Trend In Crude Oil Still Up, Despite Recent Downturn

July 7, 2011

Crude oil prices have been under pressure since a two-week reversal developed two weeks ago. This reversal pattern materialized after crude oil prices failed to exceed the upper boundary of the uptrending channel. A two-week reversal indicates a change in direction and can occur at the top or bottom of a market. This two-week reversal

News

Reversal Pattern Alerts Livestock Producers To Cattle Price Downturn

June 2, 2011

Ca t t l e prices have been sliding lower, since a two-week reversal developed in early April, 2 0 1 1 . T h i s reversal pattern identified a quick halt to the rally after cattle prices climbed to an unprecedented historical high of $122.875. TWO-WEEK REVERSAL This chart formation indicates a change

Crops

Soybean Market Turns Down On Long Liquidation

March 3, 2011

Do w n – ward corrections in a bull market are inevitable and technical analysis is a proven and reliable means of identifying changes in direction. Technical analysis is the study of market movement and its primary focus is on price action. Its strength and popularity comes from the assumption that future price direction can

News

Soybean Oil Lends Underlying Support To Canola

February 3, 2011

The oil- seed complex has been well supported by the strong vegetable oil market. This is evidenced by the steep uptrending channel illustrated on the monthly soybean oil chart. This rally began with the development of a “two-month reversal” back in July 2010. This particular “two-month reversal” is seen at the bottom of a downtrend

Livestock

Livestock Producers Alerted To Hedge Meal

July 22, 2010

David drozd So y b e a n meal prices have rallied $42 per ton over the past five weeks. On June 9, technical analysis signalled traders and livestock producers alike to expect prices to turn back up. Technical analysis is the study of market movement. Its strength and popularity comes from the explicit assumption

Crops

Canola Market Fails To Break Through Resistance

February 4, 2010

DAVID DROZD The rally that began in the canola market with the delayed harvest is over. The chart pat-t erns were textbook perfect in predicting the inevitable, which was for prices to peak in early January and turn lower. It all started with prices breaking down below the line of support (A) in December 2009.

Crops

Bearish USDA Report Coincides With Bearish Chart Pattern

August 20, 2009

David drozd Although technical analysts, such as myself, rely primarily on analyzing charts for determining price reversals and in forecast ing price direction, we do keep one eye on the fundamental information as well. I’ll have to admit though, that whenever technical and fundamental analysis are at odds, and they are more times than not,

Daily Network News

U.S. grains: Chicago soybeans fall on competition with Brazilian exports

Tyson Foods settles U.S. beef price-fixing lawsuit for $82.5 million

Consumers not confused by plant protein ‘burgers’ or ‘milk’, research suggests

Tag Archives Chart patterns

Cattle prices start 2012 at a new historical high

How Euro zone uncertainty affects wheat markets

Topping Action In Soybean Meal Sends Calming Signal

Main Trend In Crude Oil Still Up, Despite Recent Downturn

Reversal Pattern Alerts Livestock Producers To Cattle Price Downturn

Soybean Market Turns Down On Long Liquidation

Soybean Oil Lends Underlying Support To Canola

Livestock Producers Alerted To Hedge Meal

Canola Market Fails To Break Through Resistance

Bearish USDA Report Coincides With Bearish Chart Pattern

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