Monthly Analysis: Currencies
The US dollar index ($DXY): I can still make the technical argument the $DXY remains in a major (long-term) 5-wave uptrend, with the ongoing selloff Wave 2 of the pattern. [...]
The US dollar index ($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 $185.50 during October and finished the month at that [...]
Brent crude (QA) remains in a major (long-term) uptrend with the seasonal selloff during October looking to be Wave 2 of the 5-wave pattern. Given Wave 2 could retrace as [...]
The S&P 500 ($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) extended its major (long-term) uptrend to a high of 107.35 during October before abruptly falling in early November. The October high was a test of [...]
Corn Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use provides the clearest picture of a major (long-term) trend for the [...]
Soybean Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to show a classic head and shoulder top pattern. The [...]
The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $5.8669 during September and closed at that mark. [...]
Live Cattle (Cash Index): The live cattle cash index resumed its major (long-term) uptrend as it posted a high of $184 during September. Resistance is still at the June high [...]
Brent crude (QA) is in a major (long-term) uptrend after posting a new 4-month high of $88.10 during August. The spot-month contract extended the move to a high of $97.67, [...]
The S&P 500 ($INX) remains in a major (long-term) 5-wave uptrend, with the 2-month selloff fitting with the normal seasonal pattern for August and September. While the Benjamin Franklin Fish [...]
The US dollar index ($DXY) rolled into a major (long-term) uptrend as it first posted a new 4-month high beyond 104.70 then a new 2023 high beyond 105.88. The next [...]
Corn Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use provides the clearest picture of a major (long-term) trend for the [...]
Soybean Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to show a classic head and shoulder top pattern. The [...]
The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) moved back into a major (long-term) downtrend as it posted a new low of $6.4658 during August. [...]