Technical Ag Knowledge VIDEO Chart Analysis for Dec 4

December 4, 2018 by Tom Dosdall

Good afternoon!

Antsy bulls stormed out of their pens on Sunday night following the 90 day “tariff truce” announcement between The US and China. As emotions calmed down, I believe large traders are more hesitant to follow the herd until more details are known and/or actual trade exchanged.

Futures Market Analysis for December 4

US stock markets retreat aggressively from trend line resistance,
Crude Oil breaks through its steep 2 month bear trend line resistance, longer term trend shift?
US Dollar barely holds on to its upward trajectory as “risk off” Tuesday attracts demand
Soybeans present present best marketing opportunity since late July/early August
Corn holds within its longer term neutral trading range, short term support at the major moving averages
Wheat remains near lows for the year, fundamentals support?
Cattle producers have opportunity to hedge oversold March Feeder Cattle, best price since June
Live Cattle close above 50 day moving average for 1st time in a month, more up?
Natural Gas coiling up within a large pennant formation.

Contact your broker to discuss your trading or hedging plan!

This article originally appeared in the Technical Ag Knowledge Newsletter “VIDEO Chart Analysis for Dec 4” at 12/04/18 03:29:54 PM CT.

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About Tom Dosdall

Tom has supported traders and investors worldwide across all dt execution categories. With the understanding that each client is independent of another, Tom has shown an ability to listen to the needs of each and match them with the service or product that best suits their circumstances.

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Market Perspective: 80% technical 20% fundamental