S&P 500: Back in Line

2022-08-22T08:16:43-05:00August 22nd, 2022|Charts|

As mentioned in Monday's Morning Commentary, the S&P 500 completed a bearish spike reversal on its weekly chart last week. After posting a new high for the secondary (intermediate-term) uptrend of 4,325.28 the index fell to a low of 4,218.70 [...]

SX & CZ: 2Ps NA Pod

2022-08-01T15:19:35-05:00August 1st, 2022|Charts|

Monday's Chart of the Day actually takes a look at two charts: The dailies for both November soybeans and December corn. As I talked about in Afternoon Commentary, it was a rough day for both though nothing really changed from [...]

Euro: Bringing Buyers Back

2022-06-14T09:03:47-05:00June 14th, 2022|Charts|

A good friend called this morning asking about the euro ahead of Wednesday's expected 0.75% interest rate hike by the US Federal Reserve. While that move should strengthen the US dollar, and weaken the euro, there's a good chance Monday's [...]

Euro: The Next Wave

2022-05-31T07:30:52-05:00May 31st, 2022|Charts|

The euro is under pressure early Tuesday, dropping to a low of 1.06893. This has the currency in position to complete a bearish 2-day reversal, depending on how the rest of there day plays out, a pattern that would likely [...]

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 [...]

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