Monthly Analysis: Wheat
The HRW Wheat Price Index (IHY00, national average cash price) completed a bullish spike reversal during November confirming a new major (long-term) uptrend. The initial upside target is near $8.29, [...]
The HRW Wheat Price Index (IHY00, national average cash price) completed a bullish spike reversal during November confirming a new major (long-term) uptrend. The initial upside target is near $8.29, [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) downtrend despite January's higher close. The cash index could add to this month the next couple [...]
Brent crude (QA) remains in a major (long-term) uptrend with the December looking to be a Wave 2 of the 5-wave pattern. The spot-month contract posted a December low of [...]
Gold (Cash Index): The cash index (GCY00) consolidated during January after posting a new all-time high of $2,122.65 during December. It could still be argued the major (long-term) is set [...]
The S&P 500 ($INX) remains in a major (long-term) uptrend, posting a new all-time high of 4,931.09 during January before closing at 4,845.65, up 75.82 for the month. Seasonally the [...]
The US dollar index ($DXY): Despite posting an inside month during January the $DXY remains in a major (long-term) 5-wave uptrend. The December low of 100.62 looks to be the [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) continues to hold near the long-term low of $4.4309 posted during November. Meanwhile, monthly stochastics are trolling [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) still looks to be in a major (long-term) uptrend despite the selloff and lower close during December. Key [...]
The HRW Wheat Price Index (IHY00, national average cash price) completed a bullish spike reversal during November confirming a new major (long-term) uptrend. The initial upside target is near $8.29, [...]
Live Cattle (Cash Index): The live cattle cash index rolled into a major (long-term) downtrend at the end of November as it fell below the previous 4-month low of $177.42. [...]
Brent crude (QA) remains in a major (long-term) uptrend with the continued selloff during December still looking to be Wave 2 of the 5-wave pattern. The spot-month contract posted a [...]
The S&P 500 ($INX) remains in a major (long-term) uptrend. December saw the $INX post a high of 4,793.30, just short of its all-time high of 4,818.62 from January 2022. [...]
The US dollar index ($DXY): I can still make the technical argument the $DXY remains in a major (long-term) 5-wave uptrend, with the ongoing selloff Wave 2 of the pattern. [...]
Corn Cash Index: The National Corn Price Index (ICY00, national average cash price) extended its major (long-term) downtrend to a low of $4.2958 during November before rallying to close out [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) extended the major (long-term) uptrend confirmed with the bullish spike reversal completed during October. Theoretical Positions: Remaining cash [...]
The HRW Wheat Price Index (IHY00, national average cash price) completed a bullish spike reversal during November confirming a new major (long-term) uptrend. The initial upside target is near $8.29, [...]
Live Cattle (Cash Index): The live cattle cash index rolled into a major (long-term) downtrend at the end of November as it fell below the previous 4-month low of $177.42. Theoretical [...]
Brent crude (QA) remains in a major (long-term) uptrend with the continued selloff during November still looking to be Wave 2 of the 5-wave pattern. Given Wave 2 could retrace [...]
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend, with the 3-month selloff through late October looking to be a down wave (Wave 2 or 4) in the [...]
The US dollar index ($DXY) remains in a major (long-term) uptrend despite November's sharp selloff. For now, this looks to be Wave 2 of the major 5-wave pattern with key [...]
Corn Cash Index: It could be argued the Barchart National Corn Price Index (NCPI, weighted national average cash price) completed a bullish spike reversal at the end of October. However, [...]
Soybean Cash Index: The Barchart National Soybean Price Index (NSPI, weighted national average cash price) completed a bullish spike reversal during October, confirming a move to a new major (long-term) [...]
The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $5.6062 during October before closing at $5.6389, down [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) uptrend as it posted a high of $185.50 during October and finished the month at that [...]
Brent crude (QA) remains in a major (long-term) uptrend with the seasonal selloff during October looking to be Wave 2 of the 5-wave pattern. Given Wave 2 could retrace as [...]