Monthly Archives: July 2010

Grains Finish July on a Roman Candle

Well, one word for today’s action. Bullish.KWZ turned its nose up at the 675 target I wrote about yesterday, and instead blew to a new

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How high is Too High for the Wheat?


In June of 2009, Kansas City December Wheat posted a high at 7.92 3/4. 12 months and 3.08 lower, we posted our recent harvest

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Crude Oil Technical Head Fake


On the Fourth trading day after what looks to be a definitive bullish break out, we have the head fake. The market breaks sharply,

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Three Charts Bearing Gifts


First off, the ZC Corn. This chart shows that we have seen a 50 percent correction of the 66 cent rally. Today’s low took

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Link to My CME and Bloomberg comments from Friday Morning

http://cmegroup.mediaroom.com/index.php?s=64&bcpid=74064322001&bclid=68364394001&bctid=221083236001

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Crude Oil Moves Towards Major Technical levels


The above chart was a daily chart for August. August expired this week. Unfortunately, I am away for the weekend and can not access

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Dow Cash Approaches Key Intersection of Trend Lines

First off, if you don’t understand trendlines, go read some basic technical analysis. This entry focuses on the importance of long-term tend lines. The

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Dow, S&P, and Crude at Critical Chart points


Taking a look at some charts late tonight. The Dow Jones Cash looks like its poised to take a Summer Dump down to the

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Spec Funds are long… are they wrong?

Commitment of trader’s report today showed funds are long 193K contracts of corn. Today’s trade watched profit taking as the weather forecast took out the

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Rain, Rain, Stay Away…

Its the weather market of 2010. July 15th and we have our bullish scenario. Significant 66 cent rally from the June 29th contract low in

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