Looking for 130 area as a target of the recent decline in coffee prices. Overall uptrend as indicated in upsloping orange trendline hasn't been broken yet Spreads are weak as well.
DBA had a retrace after breaking out of this declining wedge. I am now watching price behaviour around this base area and setting some alerts ( 21.00USD ). If the macro assessment is correct we should see Agrobusiness follow the pro-inflation-fear environment, which means that precious metals, commodities and Agrobusiness should provide considerabel gains in to...
Consolidation doesnt look too bullish currently. If USOIL dives more POT will probably follow.
AGU looks even a bit better than MOS. Price has found support at the 92.00USD area and shows continuing demand. Long-term bullish and a good alternative to the crowded Gold bug stocks :-)
This trade is to try and take advantage of my thinking that the price between the two contracts will become less. This trade could see a large loss, before we see gains, but has a nice margin relief.
Pro Long (Chart): - RSI and Stochastik created buy signal - Orange support line Pro Long (Physical): - ICE warehouse stocks new lows - spreads tightening ever so slightly Contra (Chart): - still in middle to upper end of trend channel - room to go in terms of lower Bollinger band - long term trend still down - risk/reward for long position not there IMHO I...
Agriculture is lagging rest of Commodity field. However, the Ag index is starting to warm up. Monsanto Cup Pattern TGT 1 = 100 TGT 2 = 108.50
Commodities Booming Agriculture is lagging for now. However, green shoots are starting to percolate. Cup Pattern Target 1 100 Target 2 108.50
RunningAlpha dot com Capital Markets Intelligence High Priority Update for Monday, May 2nd, 2016 Although $39 and $36.50 remains baseline intermediate to long-term support for Light Crude Oil ( in reference to June Contract Pricing ), the recent advance upwards has opened the door for a further short covering rally upwards to $62 to $65, and perhaps $74 to $76...
This one is trading an under value price as compared to its intrinsic value. For short term traders, it is good time to buy at around 375 for the first exist target of 460. It is overall a good healthy company and after an agriculture focused budget, it has great potential to go much higher in long term. In my opinion, it is a good and safe buy.
Pro bullish: - Slight bullish divergence on RSI and Stochastik - market running into support at lower end of trend channel - lower Bband at lows - Spreads steady Pro neutral: - nothing clear cut yet in terms of buy signal This is a good risk reward IMHO
RSI and Stochastik provided buy signals today, so I am turning from neutral to bullish. Spreads very strong across the board, which supports the signals generated. Strong support around 3029 held On Oct 15th, the NCA will release the updated Cocoa grind statistics. CAUTION: Moving averages are looking down, hence I am cautiously bullish
Moving from short to neutral as cocoa runs into support and seams to run out of steam. RSI and Stochastik are in oversold areas. Even though we didnt reach the red target line, I am cautious about the short position. Dec/Mar future spreads are firmer today indicating. Yet too early to reverse the position IMHO
For a better risk/reward, I would wait for confirmation above 149. Alternatively, longs at this point with tight stops would do the job as well.
I still do not like longs on most of ags, unless you aim short term and get orthodox with your stops. Since my previous post about one month ago (see link below), SB11 is keeping its pace moving downstairs. At this point in time I see no signs of reversal, instead, my reading says we are about to “dive the five”. What comes after that remains to be seen. It is...
I would not go short on SB#11 unless we break the 14-level. It is true the possible ABC sequence can turn into a 12345 downtrend, but at this point in time both scenarios are possible. I would stay neutral for the time being, but if you really want to trade short-term, I would recommend evaluating a possible buy at levels above 14.90 with (keeping tight stops...
finally, dxy and oil decided to give some room for ag commodities. my expectation for a c wave may be under way. for those trading short term, a buy at today’s high could yield some profits on the way up. if you like gaps, one more reason to start drawing your strategy. for now, I am keeping my long.