Wheat (Kansas) (Electronic) Daily Commodity Futures Price Chart: Dec. 2014 : KCBT

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Daily Commodity Futures Price Chart: Dec. 2014

Wheat (Kansas) (Electronic) (KCBT)

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Market data delayed 10 minutes as per exchange requirements.





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Contract Specifications:KE,KCBT
Trading Unit: 5,000 bu.
Tick Size: 1/4 cent/bu. = $12.50
Quoted Units: US $ per bushel
Initial Margin: $2,500   Maint Margin: $2.000
Contract Months: Mar, May, Jul, Sep, Dec
First Notice Day: The business day preceding the first business day of the liquidating month.
Last Trading Day: There is no trading during the last seven (7) business days of the liquidating month
Trading Hours: Electronic: 6:00 p.m. to 6:00 a.m. Sunday through Friday;
9:30 a.m. to 1:15 p.m. Monday through Friday
Daily Limit: 60 cents ($3,000 per contract) above or below previous day's settlement price.

Analysis

Fri 10/24/14

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.

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: Recently the market has been extremely bullish, however currently the market has lost a some of its bullishness due to the following: the fast moving average slope is down from the previous bar, price is below the fast moving average, price is below the slow moving average. Its possible that we may see a market pullback here. if so, the pullback might turn out to be a good buying opportunity.

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

Additional Analysis - Long Term: Recently the market has been extremely bullish, however currently the market has lost a some of its bullishness due to the following: price is below the fast moving average. Its possible that we may see a market pullback here. if so, the pullback might turn out to be a good buying opportunity.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: Market trend is UP.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 51.18). 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 overbought (RSI is at 51.18) suggesting a possible market decline. Further, a bearish key reversal off a 9 bar new high here makes a downturn in the market even more likely

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is DOWN. The market looks weak both long term and short term. The SlowK is at (53.93). A good downward move is possible without SlowK being oversold.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is DOWN. The market looks weak both long term and short term. The SlowK is at (67.32). A good downward move is possible without SlowK being oversold.

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.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Volume Indicator:

Conventional Interpretation: No indications for volume.

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. A bearish key reversal off a 5 bar new high here here suggests a decline.

ADX Indicator:

Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.

Additional Analysis: The long term trend, based on a 45 bar moving average, is down. ADX has turned down, indicating a deterioration in the current downtrend. Look for the market to get a bit choppy here as the market attempts to establish a new trend.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (77.21) has crossed back into the neutral region, issuing a signal to liquidate long positions and return to the sidelines.

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 (77.21) is currently long. The current long position position will be reversed when the CCI crosses below zero. The market just signaled a bearish key reversal off a 9 bar new high, suggesting closing any long positions here.

DMI Indicator:

Conventional Interpretation: DMI+ is greater than DMI-, indicating an upward trending market. A signal is generated when DMI+ crosses DMI-.

Additional Analysis: DMI is in bullish territory. However, a bearish key reversal off a 9 bar new high here suggests a downside move is possible. The ADX has turned downward indicating diminishing confidence in the current trend. Consider liquidating any bullish positions here.

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. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars. A bearish key reversal off a 9 bar new high here confirms this bearish outlook.

Momentum Indicator:

Conventional Interpretation: Momentum (16.00) 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 indicating an overbought market, and appears to be slowing. Further, a bearish key reversal off a 9 bar new high here supports this outlook.A modest downturn is 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.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (2.77) 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 indicating an overbought market, and appears to be slowing. Further, a bearish key reversaloff a 9 bar new high here supports this outlook. A modest downturn is possible here.

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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