Bearish USDA Report Coincides With Bearish Chart Pattern

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,

Soybean Acreage Weighs On Meal Prices

Wh e n one studies many weekly bar charts, it becomes evident that prices over a period of several months are typically moving up or down. This direction is the long term or major trend of the market. Within the major trend there are a series of fluctuating price movements that can be of several


Canola’s upward advance stalls at resistance

David Drozd Resistance is a term used to describe a price level where the selling of futures contracts is expected to halt the current upward move in market price. On the daily charts, these areas will appear as well-defined price ranges within which the market previously traded essentially sideways (A), prior to making a decisive

Human nature causes history to repeat

David Drozd Recent volatile price action is similar to that seen in the early 1970s when markets realigned into a new higher trading range. Examining these more than three-decade-old patterns can reveal clues about future price direction; history often repeats itself because human nature never changes. If history should repeat, similar to trading patterns seen

Fertilizer prices breach line of support

The news is always the most bullish at the top. In the last month or two we have all heard the news about higher fertilizer prices. Let’s take a look at this market from both a technical and fundamental perspective now that world fertilizer prices are easing. You may not be aware, but it is