July Corn: Crunch Time

2021-05-12T15:15:10-05:00May 12th, 2021|Charts|

I had a gentleman ask about July corn following Wednesday's generally lackluster session. Let's take a look at it from both points of view: Fundamentally, old-crop corn remains bullish. National average basis remains strong, with Tuesday's calculation of the cmdty [...]

June Gold: Small Moves

2021-04-30T08:34:28-05:00April 30th, 2021|Charts|

I just sent in my weekly Kitco Gold Poll vote on direction of the market next week, and based on what I see on this daily chart for the June contract, I still see some downside potential. I still classify [...]

Dumping the Dollar

2021-04-19T08:19:06-05:00April 19th, 2021|Charts|

As I mentioned in Monday's Morning Commentary, the US dollar index made a loud crashing sound as it fell through previous lows and technical targets overnight. The greenback hit a low of 91.03 early Monday morning, down 0.50 from last [...]

Euro Looking Tired

2021-04-15T15:18:22-05:00April 15th, 2021|Charts|

At first glance the euro looks like it established a bearish spike reversal on its daily chart Thursday, coinciding with a bearish crossover by daily stochastics above the overbought level of 80%. This combination tends to both signal and confirm [...]

A Rocket Made of Lumber

2021-04-13T08:26:49-05:00April 13th, 2021|Charts|

I have some friends in the lumber industry, and after mentioning the rocketing market in Monday's Afternoon Commentary I wanted to follow-up with a look at the continuous weekly chart for the nearby futures contract. Monday saw May futures lock [...]

The Euro: Talking Waves

2021-04-08T07:02:42-05:00April 8th, 2021|Charts|

After I mentioned its slightly lower start to the day in Morning Commentary, the euro has posted a modest rally through early Thursday morning. Note Wednesday's high of 1.19144 was a test of the initial minor (short-term) upside target of [...]

Crude Oil: No July Fireworks

2021-03-23T15:28:12-05:00March 23rd, 2021|Charts|

As I mentioned in this past weekend's Weekly Analysis, the July crude oil contract had not yet established confirmation of a new secondary (intermediate-term) downtrend on its weekly chart. However, it did just that during Tuesday's sharp selloff as it [...]

Euro: Minor Turn

2021-03-10T06:54:34-06:00March 10th, 2021|Charts|

As I mentioned in Wednesday's Morning Commentary, the US dollar index looks to have established a bearish 2-day reversal/spike reversal on its daily chart, confirming its minor (short-term) trend is turning down. This pattern confirms the bearish crossover by daily [...]

May Corn: May in March

2021-03-06T08:20:59-06:00March 6th, 2021|Charts|

As I mentioned in Friday afternoon's Chart of the Day, "(GF) Go Figure", the August feeder cattle contract posted a new 4-week high and contract high last week indicating it could find more room to the upside over the coming [...]

May Canola: Canola May

2021-02-22T15:26:15-06:00February 22nd, 2021|Charts|

Rather than saying canola has been flying under the radar, a look at the weekly chart for the May contract shows it is actually flying above the radar as it posted a new high of $758.30 Monday*. Both the old-crop [...]

Gold: What Could Be

2021-02-06T10:32:03-06:00February 6th, 2021|Charts|

As I just retweeted on Twitter, my friend Neils Christiansen of Kitco News included me in his weekly column discussion the various opinions of analysts and traders on gold. In it I talk about how I still see a secondary [...]

Crude Oil: OPEC OrEOs

2021-02-04T09:12:40-06:00February 4th, 2021|Charts|

Though the US is only two weeks into the new Biden administration, I've had folks tell me the new president's Executive Orders have been the cause of the $1.00-plus selloff in soybeans and the sharp rally in crude oil. As [...]

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