Main Trend In Crude Oil Still Up, Despite Recent Downturn

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

Bull Market In Corn Resumes After Seasonal Downturn

It appears the seasonal tendency for corn prices to move lower in March may be over, due to the bears being unable to push prices below an important line of support on the December 2011 futures contract. This is also the point at which a reversal pattern called a harami materialized on the candlestick chart.


Soybean Market Turns Down On Long Liquidation

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

Soybean Oil Lends Underlying Support To Canola

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


Corn Prices Driven Higher By Record Speculative Longs

Co r n prices have rallied $2.50 per bushel, since the market stopped going down on June 29, 2010. Some of the buying is a result of hedgers locking in prices before the market goes higher. But to a larger degree, it is the large speculative buy orders that have driven prices to $5.73 per

EU Targets Market Speculation – for Sep. 23, 2010

BRUSSELS/PARIS/REUTERS The European Commission is taking aim at growing speculation and volatility in commodity markets, using its plan to reform wider financial markets, just as EU grain futures hit contract highs Sept. 20. Michel Barnier, the European Commissioner in charge of financial reform services, said at a conference that he wanted to use a planned


Wheat: The Trend Is Your Friend Until The End – for Aug. 19, 2010

Wheat prices rallied over $3 per bushel in as little as six weeks on speculat ive buying and short covering. Farmers are now wondering when the rally will end. Technical analysis is very useful for determining current trends and trend changes. Some analysts rely on moving averages and others simply draw trendlines. Here is an

Technical Signals A Warning To Investors

David drozd On Thursd a y, May 6, 2010 the Dow Jones Industrial Average (DJIA) suffered a severe 1,000-point drop that sent shock waves around the world. To this day, investors from far and wide have been trying to understand why. Ludicrous rumours surfaced – one being that someone had accidently entered an order to


So What? Now What?

Managing the risk in your business is becoming increasingly important. Typically, people tend to associate risk with negative outcomes. But there can be an upside to risk as well, risk that correlates to opportunity. For some, the past couple of years have realized perhaps even windfall-like profits with an expectation that, due to a shift

Two-Month Reversal Warns Of Euro’s Impending Collapse

David drozd If you don’t think the failing euro doesn’t affect your bottom line, think again. Since the end of November 2009, the euro has lost about 12.5 per cent of its value relative to the U. S. dollar index and 15 per cent to the Canadian dollar – and this devaluation caused North American