Monthly Analysis: Softs
Cotton (CTY00, Cash Index): While the eyeball test tells us the major (long-term) trend is sideways, the Index did post a new 4-month high during November, possibly triggering some buying [...]
Cotton (CTY00, Cash Index): While the eyeball test tells us the major (long-term) trend is sideways, the Index did post a new 4-month high during November, possibly triggering some buying [...]
Side Note: I will be taking a look at month-end futures spreads in the three major livestock markets in Supply and Demand Commentary. Live Cattle (Cash Index): After posting a [...]
Side Note: For the record, I’m in agreement with Warren Buffett’s thoughts on technical analysis, at least in the Energies sector. Buffett has said on the subject, “I realized that [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a new all-time high of $2,955.40 before closing February at $2,858.48, up $58.74 for the month. Given [...]
The S&P 500 ($INX) completed another bearish spike reversal during February, making it the fifth consecutive month of conflicting technical patterns. Bearish spike reversals were completed during October, December, and [...]
The US dollar index ($DXY): There continues to be no consistent trend with the US dollar index as it closed February at 107.61, down 0.12 for the month. Looking ahead [...]
Note: I’ve changed the Monthly Analysis of the Grains sector, looking at the long-term investment side with ETFs for the three major markets as well as continuous December corn and [...]
Live Cattle (Cash Index): The Index posted a new all-time high of 208.00 during January, closing at that price, up $16 for the month. Theoretical Positions: Hedgers have likely been [...]
Side Note: For the record, I’m in agreement with Warren Buffett’s thoughts on technical analysis, at least in the Energies sector. Buffett has said on the subject, “I realized that [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a new all-time high of $2,815.25 before closing January at $2,799.74, up $193.97 for the month. Given [...]
The S&P 500 ($INX) completed a bullish outside month during January, extending the occurrence of conflicting technical patterns to 4 months. Recall the $INX completed a bearish spike reversal during [...]
The US dollar index ($DXY): The $DXY extended its major (long-term) uptrend to a high of 110.18, its highest level since November 2022. However, the $DXY closed January at 108.37, [...]
Note: I'm changing the Monthly Analysis of the Grains sector this month, looking at the long-term investment side with ETFs for the three major markets as well as continuous December [...]
Live Cattle (Cash Index): The Index posted a new all-time high of 192.0 during December before closing at that mark, up $2.80 for the month. Theoretical Positions: Hedgers have likely [...]
Side Note: For the record, I’m in agreement with Warren Buffett’s thoughts on technical analysis, at least in the Energies sector. Buffett has said on the subject, “I realized that [...]
Gold (Cash Index): The cash index (GCY00) looks to be in a major (long-term) sideways trend between its previous 4-month low of $2,474.08 (September 2024) and 4-month high of $2,789.68 [...]
The S&P 500 ($INX) completed a bearish spike reversal during December, indicating the major (long-term) trend has turned down. Recall the $INX completed a similar pattern during October before the [...]
Side Note: While long-term trends became clearer in the Currencies sector during December, the path ahead is covered by a dense fog. I talk about this in more detail in [...]
Teucrium Corn Fund (CORN) still looks to be in a major (long-term) uptrend despite a second consecutive lower monthly close at the end of November. Based on the idea of [...]
The Teucrium Soybean Fund (SOYB) remains in a major (long-term) downtrend, posting a new low of $20.94 during November before closing at $21.20, down $0.35 for the month. Theoretical Positions: Investors [...]
The Teucrium Wheat Fund (WEAT) still looks to be in a major (long-term) uptrend, though this analysis changes if we look at monthly closes only. While WEAT did not take [...]
Side Note: For the record, I’m in agreement with Warren Buffett’s thoughts on technical analysis, at least in the Energies sector. Buffett has said on the subject, “I realized that [...]
Live Cattle (Cash Index): The live cattle cash index confirmed a major (long-term) downtrend after posting a new 4-month low below $181 during September. This confirmed the double-top pattern at [...]
Gold (Cash Index): The cash index (GCY00) remains in a major (long-term) uptrend despite a lower monthly close for November. The Index settled at 2,650.63, down $93.34 for the month [...]
The S&P 500 ($INX) resumed its previous major (long-term) uptrend during November, posting a new all-time high of 6,044.71 before closing at 6,032.38, up 326.93 for the month. Technically, this [...]