July Corn: Getting Close

2022-05-03T10:40:56-05:00May 3rd, 2022|Charts|

We need to keep an eye on the July corn contract as it is getting close to completing a short-term head and shoulders topping pattern on its daily chart. Trendline support Tuesday is near $7.9225 meaning if the contract hits [...]

Natural Gas: Lucky 13

2022-04-08T07:40:46-05:00April 8th, 2022|Charts|

I just received a newsflash from MarketWatch that US natural gas, the famed Widow Maker, just hit a new 13-year high. Naturally, I wanted to see for myself so I pulled up the market's long-term continuous monthly chart. Sure enough, [...]

The Euro: Making Change

2022-03-09T16:50:40-06:00March 9th, 2022|Charts|

The euro looks to be in the process of completing a bullish spike reversal on its weekly chart, a pattern that would confirm a change to a secondary (intermediate-term) uptrend. All that is needed through Friday's close is a higher [...]

December Corn: New Highs

2022-02-24T07:56:48-06:00February 24th, 2022|Charts|

As you recall, from a technical point of view, the continuous monthly December corn only chart showed a long-term reversal pattern last May. This included a high of $6.38 registered by the December 2021 issue, before the contract ultimately fell [...]

April Live Cattle: Indecision

2022-02-17T08:24:42-06:00February 17th, 2022|Charts|

For this discussion of April live cattle I switched to the contract's daily candlestick chart because I noticed something interesting about Wednesday's session. The contract opened yesterday day at $146.925 before posting a high of $147.70 and low of $146.175, [...]

May Soybeans: Short-Term Turn

2022-02-14T05:02:59-06:00February 14th, 2022|Charts|

The May soybean contract is interesting heading into Monday's session after the contract's initial overnight rally ran out of momentum leaving May beans to drift lower. Recall from Sunday's Weekly Analysis when I posted the DNAI in-house algorithm theoretical positions [...]

March Corn: Wave Count

2022-01-13T15:23:46-06:00January 13th, 2022|Charts|

March corn is on the cusp of extending and theoretically completing its minor (short-term) downtrend all at the same time. If we look at this pattern as a 3-wave downtrend, starting with the bearish key reversal on December 28 that [...]

Euro: Ready to Move

2022-01-07T14:59:10-06:00January 7th, 2022|Charts|

With another weekend fast approaching, the euro looks to be in position to quickly extend its recently established secondary (intermediate-term) uptrend. Last week saw the euro post a new 4-week high, beyond the previous mark or 1.13822, before consolidating this [...]

March Soybeans: Another Turn

2021-12-29T06:53:05-06:00December 29th, 2021|Charts|

As I mentioned in Wednesday's Morning Commentary, March soybeans completed a bearish spike reversal during Tuesday's session confirming a move to a new minor (short-term) downtrend. This coincided with a bearish crossover by daily stochastics above the overbought level of [...]

Crude Oil: Short-Term Turn

2021-12-03T07:16:24-06:00December 3rd, 2021|Charts|

Sometimes short-term spike reversals give us a few days to see how they play out. Other times, the contract or market takes off immediately after establishing this reversal pattern. As the continuous daily chart for the spot-month crude oil chart [...]

March Corn: A Slow Turn

2021-11-16T07:30:09-06:00November 16th, 2021|Charts|

Recently our attention has turned to the March corn contract as it now holds the largest open interest. Given that, let's take a look at the technical patterns on its short-term daily chart. Similar to the December issue, March confirmed [...]

December Gold-ilocks

2021-11-10T10:25:25-06:00November 10th, 2021|Charts|

My good friend Neils Christensen from Kitco News just called me and asked my thoughts on this week's bullish breakout by December gold. Like so many other commodities, it has been quite a move. Initial resistance this week was at [...]

King Corn and Goldilocks

2021-11-02T15:19:04-05:00November 2nd, 2021|Charts|

One of the common themes in my analysis lately has been how corn contracts were sharply overbought short-term, increasingly the likelihood we would see some sort of reversal pattern into minor downtrends. A look at the daily chart for December [...]

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