• Milwaukee Journal Sentinel Paul Smith column: A bonanza of birds Nov 8th, 2009, 08:46 - KRT (Length: 6614)
• Weather has slowed wheat planting Nov 8th, 2009, 05:19 - KRT (Length: 2806)
• BRIEF: Markets Nov 7th, 2009, 19:15 - KRT (Length: 772)
• Grain futures close lower Friday Nov 6th, 2009, 18:30 - UPI (Length: 1051)
• USDA-AG: Utah Daily Grain Report Nov 6th, 2009, 17:13 - .DA (Length: 1198)
• USDA-GX: Grain Prices Illinois River Barge Points Nov 6th, 2009, 16:50 - .DA (Length: 1509)
• USDA-WH: Nebraska Grain Elevator Bids Nov 6th, 2009, 16:35 - .DA (Length: 2152)
• USDA-BL: Montana Cash Grain Prices Nov 6th, 2009, 16:33 - .DA (Length: 2120)
• USDA-SJ: Ohio Cash Grains Nov 6th, 2009, 16:29 - .DA (Length: 1443)
• USDA-SJ: Daily National Grain Market Summary Nov 6th, 2009, 16:17 - .DA (Length: 3082)

[ More Wheat News ]

Analysis

Fri 11/6/09

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: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: price goes above the fast moving 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, price goes below the slow moving average.

Bollinger Bands Indicator:

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

Additional Analysis: The market is in overbought territory.

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

Momentum Indicator:

Conventional Interpretation: Momentum (30.25) 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.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (6.48) 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.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (36.09) 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 (36.09) is currently long. The current long position position will be reversed when the CCI crosses below zero.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 48.51). 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 48.51). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish 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.

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: 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 UP. Volume is trending higher, allowing for a pick up in volatility.

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. A good downward move is possible without SlowK being oversold. However, an upmove in SlowK for this bar is a little concerning short term.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The market looks weak both long term and short term. The SlowK is at (49.95). A good downward move is possible without SlowK being oversold.

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.