• PRICES OF COOKING OIL IN CHINA SLIDE 10 PCT IN AUGUST Aug 20th, 2008, 05:25 - APU (Length: 1140)
• Soyabean futures slip on higher output estimates Aug 19th, 2008, 20:26 - APD (Length: 1552)
• Erratic soybean aphids make spraying decision difficult for farmers Aug 19th, 2008, 17:16 - KRT (Length: 3479)
• USDA-JK: Mississippi Daily Grain Report Aug 19th, 2008, 17:08 - .DA (Length: 1946)
• USDA-MS: Minneapolis Weekly feedstuffs report Aug 19th, 2008, 16:58 - .DA (Length: 2800)
• USDA-GX: Ohio River Barge Loading Elevator Grain Bids Aug 19th, 2008, 16:52 - .DA (Length: 1952)
• USDA-GX: Grain Prices Illinois River Barge Points Aug 19th, 2008, 16:48 - .DA (Length: 2304)
• USDA-SJ: Daily National Grain Market Summary Aug 19th, 2008, 16:18 - .DA (Length: 3017)
• USDA-MS: Southern Minnesota Grain Prices Aug 19th, 2008, 16:18 - .DA (Length: 760)
• USDA-DC: Western Kansas Grain Market Report Aug 19th, 2008, 16:09 - .DA (Length: 1661)

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Analysis

Tue 8/19/08

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. And, the market just signaled a 9 bar bearish key reversal adding to the chance for a decline here.

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: the fast moving average slope is up from the previous bar.

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

Additional Analysis - Long Term: Recently the market has been extremely bearish, however currently the market has lost a some of its bearishness due to the following: the fast moving average slope is up from previous bar, price is above the fast moving average. Its possible that we may see a market rally here. if so, the rally might turn out to be a good short selling opportunity.

Mov Avg-Exponential Indicator:

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

Additional Analysis: Market trend is DOWN.

Stochastic - Fast Indicator:

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

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 bullish because the SlowK line is above SlowD line.

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.

Volatility Indicator: Volatility is trending up 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 UP. A bearish key reversal off a 5 bar new high here here suggests a decline.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 43.04). 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 43.04). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

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. A falling ADX indicates that the current trend is weakening and may possibly reverse. Look for a choppy market ahead.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-24.91) 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 (-24.91) is currently short. The current short position will be reversed when the CCI crosses above zero. Further, the market just signaled a bearish key reversal off a 9 bar new high, suggesting some downside action here.

DMI Indicator:

Conventional Interpretation: DMI+ is less than DMI-, indicating a downward trending market. A signal is generated when DMI+ crosses DMI-.

Additional Analysis: DMI is in bearish territory.

MACD Indicator:

Conventional Interpretation: MACD has issued a bullish signal. A bullish signal is generated when the FastMA crosses above the SlowMA, as it has here.

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 has issued a bullish signal, suggesting that the short term upward trend may continue, and may indicate a pending reversal in the long term trend.

Momentum Indicator:

Conventional Interpretation: Momentum (-23.00) 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 UP. Momentum is indicating an oversold market. However the market may continue to become more oversold. Look for evidenced strength before interpreting any bullishness 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 (-1.79) 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 UP. Rate of Change is indicating an oversold market. However the market may continue to become more oversold. Look for evidenced strength before interpreting any bullishness 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.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.