Technical Ag Knowledge: Video Analysis – January 30, 2019

January 30, 2019 by Tom Dosdall

Good afternoon!

We are strongly encouraging clients to take a fresh look at their current marketing positions in advance of a big dump of USDA and CFTC data hitting the market in the days ahead. In addition to getting caught up on export sales, commitments of traders, two months worth of WASDE, final 2018 crop production/yield, and quarterly stocks, we also have the uncertainty surrounding this week’s high level trade talks between the US and China in Washington.

Let’s take a look at how markets are shaping up on the charts:

DOW futures push up to 100/200 day moving average following Fed announcing they are going to be “patient” on further rate hikes in 2019;
March corn testing the upper resistance line of the pennant (again), close above 3.85 could be viewed as technically bullish;
March soybeans post “hanging man” candlestick on Monday, approach 9.30/bu for fourth time since August, opportunity for new sales/hedges;
March Wheat gets demand near 5.00/bu, sell target at 100 day MA
Cattle uptrend still intact
Rice, Oats pivot around major moving averages and RSI?

Contact your broker to discuss your trading or hedging plan!

This article originally appeared in the Technical Ag Knowledge Newsletter “USDA Data Coming **VIDEO Chart Analysis**” on 01/30/19.

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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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In summary, his goal is twofold: to ensure that each client he works with is guided with the resources needed to trade with confidence and that they are equipped with the knowledge and comfort needed to grow as an investor in the new global economy. Tom holds a Bachelor of Arts degree from Colgate University.

Market Perspective: 80% technical 20% fundamental