|
Central Missouri | This is one interesting looking chart.
http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
It looks set to explode higher. Thats what it looks like but the reaction to the report Tues will tell the story. RSI at 80 is historically high but is positive since th RSI is high relative to the previous times on the chart that corn was at these prices.
You can't talk corn price anymore with-out looking at crude oil
http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
Now thre's a high RSI. Why is crude goin higher? could it be asian demand? Could it be weak dollar. Could it be the dollar being the preferred carry trade currency?
And the dollar http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
macd crossed lower on the dollar. Could it be that the market is telling us that the fed isn't gonna stop QE like they say they are?
If you stop QE (MONEY PRINTING) then you have to let interest rates rise. Man what would that do to the economy and the fed and state budget deficits.
Just more kicking the can down the road. I suppose they will either run out of road or the can will get too big to kick some day.
Edited by ehoff 1/9/2010 09:24
| |
|
Corn macd
