Last week Friday, we took a look at a few markets that had pronounced trendlines, stochastics and 20 day moving averages worth taking a look at. Today, lets take a look at a few BEAR flags that have formed over the past week!
4 markets that have great technical set-ups to have on your radar for this week!
The Taylor Trading Technique relies on using a session’s predominant direction of movement to anticipate a market’s likely direction for the following session. If a session doesn’t show a clear direction and / or if it shows a contraction in trading range, we look for a breakout move in the following session. That’s what soymeal futures showed this morning.
Just a few markets to touch on that we are not already trading as we finish off the back end of the week…
The soybean futures rallied about 30 cents last week, closing on the weekly highs on Friday. The rally pushed up to a significant Fibonacci retracement level and set the stage for a trade opportunity for Monday.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. Good Morning- It is good to be back! I hope everyone had a great week! I am getting back in the groove with the markets after 5 trading days away, but there are a few markets that have my attention, so let’s… Read More.
Good Morning— Happy Friday. I hope everyone had a great week, lets finish it up on a high note and get involved in the weekend. We have a few positions on and there are a few that I want to bring to your attention. So lets get crackin’… In the Indices and Financials: With yesterday’s… Read More.
If it had not been for Wheat, human beings may never have socially and culturally developed as cosmopolitan as we have. Wheat was the first crop to be cultivated on a grand scale and stored long-term, enabling the start of city-based societies and the dawning of civilization.
Canola is a genetic variation of rapeseed developed by Canadian plant breeders specifically for its nutritional qualities and its low level of saturated fat. The term Canola is a contraction of “Canadian oil.”
March corn is now trading above $4.50 and has stopped us out of our short position from $4.25. While I remain bearish on corn prices for 2013/14 and 2014/15, you can’t deny these low US corn prices have spurned demand from exports, ethanol and animal feed.