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Crops

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
Livestock

Livestock Producers Alerted To Hedge Meal

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
Cereals, Crops

Oat Prices Explode On A Short Covering Rally

David drozd Although the oat futures market is the most thinly traded cereal grain market in Chicago, it still provides reliable chart patterns and technical signals on when to buy and sell. Reading a chart is much like reading a road map. It tells you where prices are going to go. Let’s begin this journey
News

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
News

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
Crops

Harami Warns Farmers Of An Impending Collapse In Oat Prices

David drozd The Japanese are true pioneers of technical analysis of the markets. You may remember last month’s column where I illustrated the weekly canola chart and identified the two-week reversal that materialized at the height of the rally in early January. Similarly, another reversal pattern known as a harami also developed at the end
Crops

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.
News

Canadian Dollar Fails To Reach Par

The Canadian dollar was supposed to go par. At least this was the hype when the market peaked at .9798 on Oct. 15, 2009. When a commodity makes the headlines of major newspapers and magazines, it is often a telltale sign that it is near the end of the rally. When most consumers know that
Crops

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,
Crops

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

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