Looks like we have a selling climax in Soy Beans. I'm a buyer here with a stop below 3.25. I would expect a 2nd test of the low, so for a lower risk entry await the 123 (ie a higher low) to get in.
Oil & PM's have seen some bounce yet some other commodities are "depressed". My thoughts are on the chart....average in as price trends up on the first 2 small levels and the 2 fib pulls below. Human Food, Animal Feed, oils, etc from corn in a time of grown populations & urbanization.
US sanctions on Rusal send Aluminium prices higher.
Can Aluminium complete the trend reversal and
head into an new uptrend ?
Needs to break 3.802 to really confirm a new trend
This is my very first prediction and/or analysis. It is not based on solid technical analysis but the MACD shows some trend changes after it hit the lowest level last week. So based on this I predict the price of this etf should easily 0.29 by April. Must revise this after a week.
Weekly chart worth noting. Looking for Coffee to melt up through 2018. suspect we saw cycle lows at Dec 2017
Huge bull pennant. Bullish Divergence on RSI and MACD?
DSI of only 20 on 9th Feb 2018
This is where I lose all my Xmas present funds... and my house
... and the money i stole from my parents. There may be tears
... and no chocolate for the kids
Nickel could be at the start of a trend reversal.
Double bottom pattern started in June 2015 and is now complete
Next step is to break 200 EMA resistance, which is already being tested.
