Harami alerts hog producers to a downward correction

After rallying up, but failing to fill a gap between $91.475 and $91.650, lean hog prices on the weekly nearby candlestick chart turned back down on February 24, 2012. The ensuing reversal pattern (sell signal) that developed is referred to as a harami on a candlestick chart. Lean hog prices have since lost more than

Breakaway gap alerts of counter-seasonal rally

On December 19, 2011, a breakaway gap materialized, alerting soybean producers and traders alike to a sudden change in the price direction of the soybean market. In fact, this gap not only confirmed an end to the downward price spiral, but it marked the beginning of a counter-seasonal rally, with soybean prices rallying $1.65 per


Reversal Pattern Alerts Livestock Producers To Cattle Price Downturn

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

Canola Market Fails To Break Through Resistance

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.