Euro Weekly Commodity Futures Price Chart : CME

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Weekly Commodity Futures Price Chart

Euro (CME)

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Contract Specifications:EC,CME
Trading Unit: 125,000 Euro
Tick Size: $.0001 EC ($12.50/contract)
Quoted Units: US $ per Euro
Initial Margin: $3,240   Maint Margin: $2,400
Contract Months: Mar, Jun, Sep, Dec
First Notice Day: Next business day after last trading date.
Last Trading Day: 2nd business day before third Wednesday.
Trading Hours: 7:20 a.m. - 2:00 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at 9:16 a.m. on the last trading day.
Globex from 4:30 p.m. - 4:00 a.m. Chicago time, Mon-Thu.
Sundays & Holidays 5:30 p.m. - 4:00 p.m.
Cash Price: .0001 ($12.50)
Daily Limit: none

Analysis

Fri 11/21/14

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: Volatility appears to be declining, as evidenced by a decreasing distance between the upper and lower bands over the last few bars. The market appears oversold, but may continue to become more oversold before reversing. Look for some price strength before taking any bullish positions based on this indicator.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (-0.06) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is in bearish territory. And, the market put in a 45 bar new low here. More lows are possible.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-4.32) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is in bearish territory. And, the market put in a 45 bar new low here. More lows are possible.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-101.67) has crossed into the bearish region, issuing a sell short signal. CCI will signal liquidation of this position when the CCI value crosses back into the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-101.67) is currently short. The current short position will be reversed when the CCI crosses above zero. Adding bearish pressure, the market just put in a 45 bar new low.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 26.31). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 26.31), but given the 45 bar new low here, greater oversold levels are likely.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory. However, the recent upturn in the MacdMA may indicate a short term rally within the next few bars.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Volume Indicator:

Conventional Interpretation: The current new low is accompanied by increasing volume, suggesting further new lows are ahead.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is DOWN.The current new low is accompanied by increasing volume, suggesting further new lows are ahead. However, be careful to avoid selling an oversold market. RSI or MACD may be helpful here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal. The stochastic is in oversold territory (SlowK is at 0.91; this indicates a possible market rise is coming.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. Don't be fooled looking for a bottom here because of this indicator. The stochastic indicator is only good at picking bottoms in a Bull Market (in which we are not). Exit short positions only if some other indicator tells you to.

Stochastic - Slow Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal. The stochastic is in oversold territory (SlowK is at 5.76); this indicates a possible market rise is coming.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. Don't be fooled looking for a bottom here because of this indicator. The stochastic indicator is only good at picking bottoms in a Bull Market (in which we are not). Exit short positions only if some other indicator tells you to.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

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