• ICE Canada Cash Grain Close Nov 19th, 2009, 15:34 - RNI (Length: 817)
• ICE Canada Cash Grain Close Nov 18th, 2009, 15:21 - RNI (Length: 817)
• Japan Finds GMOs In Cdn Flaxseed, Industry Concerns Grow Nov 18th, 2009, 11:55 - RNI (Length: 3897)
• 98% Of Alberta Harvest Complete, Govt Says Nov 17th, 2009, 17:15 - RNI (Length: 3060)
• USDA-WA: Grains Inspected for Export (Weekly) Nov 16th, 2009, 11:00 - .DA (Length: 22415)
• ICE Canada Cash Grain Close Nov 13th, 2009, 15:32 - RNI (Length: 817)
• ICE Canada Cash Grain Close Nov 12th, 2009, 15:35 - RNI (Length: 817)
• ICE Canada Cash Grain Close Nov 9th, 2009, 15:20 - RNI (Length: 817)
• USDA-WA: Grains Inspected for Export (Weekly) Nov 9th, 2009, 11:02 - .DA (Length: 19146)
• USDA : Grain Stocks, 06.30.06  - .DA (Length: 68034)

[ More Flaxseed News ]

Analysis

Fri 11/20/09

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 bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above 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: Even though based on conventional interpretation the market is technically bearish, we will not classify it as extremely bearish until the following occurs: the fast moving average slope is down from previous bar, price goes below the fast moving 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: 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 in a downtrend based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (0.00) is above zero, indicating an overbought 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 UP. Momentum is in bullish territory.upside move is likely. However, the market put in a 45 bar new low here. More lows are possible.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (0.00) is above zero, indicating an overbought 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 UP. Rate of Change is in bullish territory. However, the market put in a 45 bar new low here. More lows are possible.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-39.22) is in neutral territory. A signal is generated only when the CCI crosses above or below 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 (-39.22) 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 (11.19) has issued a bullish signal. When RSI crosses below the oversold line (currently set at 20.00) a buy signal is issued.

Additional Analysis:

MACD Indicator:

Conventional Interpretation: MACD is in bullish 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 UP. MACD is in bullish territory. Further, the market just put in a 45 bar new low here. More lows are possible here.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: The current new low is not accompanied by increasing volume, suggesting that the current move lacks broad participation. Look for a rebound soon.

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 UP.The current new low is not accompanied by increasing volume, suggesting that the current move lacks broad participation. Look for a rebound soon.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is in oversold territory (SlowK is at 0.00; 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 stochastic is in oversold territory (SlowK is at 0.00); 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 is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

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.