Monthly Analysis: Energies
Brent crude (QA) is in a major (long-term) sideways trend. I’ve changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Brent crude (QA) is in a major (long-term) sideways trend. I’ve changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Gold (Cash Index): The cash index (GCY00) still looks to be in a major (long-term) uptrend, though the index consolidated below the May high of $2,449.34 during June. Monthly stochastics [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,523.64 during June before closing at 5,460.48. Theoretical Positions: Long from the October 2022 close of 3,871.98. [...]
The US dollar index ($DXY): The $DXY remains in a major (long-term) 5-wave uptrend. The December low of 100.62 looks to be the bottom of Wave 2 (of a 5-wave [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) is giving mixed signals at the end of May. The NCI took out the previous 4-month high [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) looks to have completed a possible bullish 2-month reversal during March. If so, then the major (long-term) trend [...]
The HRW Wheat Price Index (IHY00, national average cash price) extended its major (long-term) uptrend to a high of $6.7805 during May. If the index sees a seasonal selloff during [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) downtrend. However, the monthly chart is giving us mixed signals at the end of May. Much [...]
Brent crude (QA) is in a major (long-term) sideways trend. I've changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,449.34 before closing May at $2,377.82. While still a new all-time high monthly settlement, [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,341.88 during May before posting a new all-time high monthly close of 5,277.51. Theoretical Positions: Long from [...]
The consistency in currencies at the end of May was nearly all the long-term charts were showing some form of a sideways pattern. The US dollar index ($DXY): The $DXY [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) still looks to be in a major (long-term) downtrend despite settling higher two consecutive months. Theoretical Positions: [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) looks to have completed a possible bullish 2-month reversal during March. If so, then the major (long-term) trend [...]
The HRW Wheat Price Index (IHY00, national average cash price) completed another bullish spike reversal during March, again indicating the major (long-term) trend had turned up. The index extended this [...]
Live Cattle (continuous, nearby futures) extended its major (long-term) downtrend during April with the nearby futures contract hitting a low of $174.20. The initial downside target is near $148.70, the [...]
Brent crude (QA) remains in a major (long-term) uptrend. The spot-month contract moved to a new 4-month high of $92.18 during April before faltering late in the month, closing at [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,427.00 before closing April at $2,286.07. The market remains sharply overbought, a factor that [...]
The S&P 500 ($INX) remains in a major (long-term) uptrend, despite the sharp selloff seen during April. The S&P came up just short of completing a bearish key reversal with [...]
The US dollar index ($DXY): The $DXY remains in a major (long-term) 5-wave uptrend. The December low of 100.62 looks to be the bottom of Wave 2 (of a 5-wave [...]
The US dollar index ($DXY): The $DXY remains in a major (long-term) 5-wave uptrend. The December low of 100.62 looks to be the bottom of Wave 2 (of a 5-wave [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) posted an inside month during March, opening the door to a possible end of the previous major [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) looks to have completed a possible bullish 2-month reversal during March. If so, then the major (long-term) trend [...]
The HRW Wheat Price Index (IHY00, national average cash price) completed another bullish spike reversal during March, again indicating the major (long-term) trend has turned up. Initial resistance is at [...]
Live Cattle (continuous, nearby futures) look to have rolled into a major (long-term) downtrend at the end of March. The nearby April futures contract posted a high of $190.275 before [...]