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Central Missouri | Just fyi, The simple little tech indicators I follow on grains are rolling negative and the dollar techs are rolling positive if we close at the levels we are at now.
Beans http://www.agrichartsmobile.com/markets/chart.php?ab=quotescharts&p...(direct)|utmccn=(direct)|utmcmd=(none)&PHPSESSID=nfj0ffug6bmc36ar30v5q0a7r2&studies=VOLI;MACD;RSI;
A close below the 1040 area will give confirmation. Remember these are all short term indicators.
The weekly chart is positive http://www.agrichartsmobile.com/markets/chart.php?ab=quotescharts&p...(direct)|utmccn=(direct)|utmcmd=(none)&PHPSESSID=nfj0ffug6bmc36ar30v5q0a7r2&studies=VOLI;MACD;RSI;&a=W
Corn http://www.agrichartsmobile.com/markets/chart.php?ab=quotescharts&p...(direct)|utmccn=(direct)|utmcmd=(none)&PHPSESSID=nfj0ffug6bmc36ar30v5q0a7r2&studies=VOLI;MACD;RSI;
The corn market looks like it is forming an ascending triangle. If it is the it should hold a trendline drawn off of the oct 30 and nov 6 lows. If it breaks these it probably means the dollar is higher and oil is lower. With that said the macd has crossed lower for corn.
Wheat http://www.agrichartsmobile.com/markets/chart.php?ab=quotescharts&p...(direct)|utmccn=(direct)|utmcmd=(none)&PHPSESSID=nfj0ffug6bmc36ar30v5q0a7r2&studies=VOLI;MACD;RSI;
The wheat market has broken its uptrend line. The macd has crossed lower, and rsi diverged at the last high. The weekly macd is long.
Dollar http://www.agrichartsmobile.com/markets/chart.php?
ab=quotescharts&page=ccharts&sym=DXZ9&__utmc=223457291&__utma=223457291.409168575.1259938217.1259938217.1259938217.1&__utmb=223457291.93.10.1259938217&__utmz=223457291.1259938217.
1.1.utmcsr=(direct)|utmccn=(direct)|utmcmd=(none)&PHPSESSID=nfj0ffug6bmc36ar30v5q0a7r2&studies=VOLI;MACD;RSI;
The dollar is much higher today due to the unemployment report, thus grains, gold, and I see crude is bucking the trend and is higher with a higher dollar. Must be because lower unemployment means more travel?
The weekly dollar macd is also positive.
Edited by ehoff 12/4/2009 11:42
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Technicals rolling over
