Remko

Remko

The weekly continuation chart shows a very interesting picture with a long term resistance trend line that has its start at around 1765 in September 2012 when the bear market started and that descends via the 1500/1530 region during April/June 2014 to the 1185 level during June 2016. This line is significant because of the long period of time that is exists...

Remko

The daily MAY17 chart shows that price of the May contract has been gradually moving up within the parallel lines of an ascending price channel that started during July/August 2016 and which took price up with the relevant supports and resistances. This chart clearly shows that price is moving in a short term uptrend with a long term downtrend. In other words:...

Remko

The weekly continuation chart especially shows that there is not such awfully much to show. There is a gap between, roughly, the 450 and the 465 level and the rules of TA teach us that gaps always are filled. Regretfully, however, same TA rules do not teach us when that gap has to be filled so that doesn’t particularly help us a lot here and now. Price has...

Remko

The daily MAY17 chart does not tell us anything material other than that there is an ascending supportive trend line that starts at around 201 during October 2016 and supports price during January 2017 at the 313/315 level. Price would meet support again at around the 322/324 level during the coming week.

Remko

The weekly continuation char shows an ascending price channel of which the lower boundary started at around 25.00/26.00 during August/September 2015 and offered support to price during July/August 2016 at around the 30.00 level as well as during the past 2 weeks at around the 32.50 level. Price has been bouncing up from this supportive trend line which we expected...

Remko

The daily MAY17 chart does not tell us an awful lot other than that price has been trading with a descending channel. If and when price breaks the upper boundary of the channel it will have plenty of room to the upside to develop a rally but the first 2 or 3 sessions will probably to the downside during the coming week.

Remko

The daily MAY17 chart shows that price has been under control of a long term descending resistance trend line that started during the 2nd half of July 2016 which was broken by price to the upside on January 5. From there on price traded an ascending channel which has its origin at the 406 level on December 23 and offered support to price on January 30 and on...

Remko

The weekly continuation chart shows that the price has been moving in a long term descending trending price channel that started in July of 2012 at around the 900/930 level and gradually channeled price down to 466 in September 2014 after which price made, although reluctantly, a new low at around the 485 level during August 2016. From late December 2016 onwards...

Remko

The daily MAY17 chart shows that price has been under influence of a solid horizontal resistance line at around the 375 level since October 2016. Price managed to break same resistance on February 7 from where price traded up to 385 until price made a reverse and started trading down towards same 375 level which now serves as support. During the last 2 sessions of...

Remko

The weekly continuation chart shows a very solid bottom at around 320 and an equally very solid top at around 440. Price has been trading sideways between these values since June 2014 and these values are relevant for us to keep in our minds. From August 2016 on price gradually moved higher from its solid long term supportive level, gradually making higher highs...

Remko

The daily chart shows that price has been moving within the boundaries of a descending price channel until January 4 when price broke out of same channel at the upside. With the break out of price the upper line of the price channel has now changed its character from resistance to support. The zone between, roughly, 410 and 400 is now a supportive region which has...

Remko

The daily shows a short term heavy vertical resistance zone at around the 365/370 level where price started bumping into during mid October 2017 and a heavy horizontal supportive zone at around the 340/345 level. We clearly see on the chart that price has been testing the resistance level at least 8 times since October 2016 and that price is now in its 9th attempt...

Remko

The chart attached is a weekly chart of the EURO versus the USD starting in 2001. Two things are worth keeping in view: 1) the time period from 2014 until now and 2) the lows of 2001 at 0.85 from where the market took a ride to 1.50/1.60 level. Since 2008 price has been in a bear move (bearish for EUR) with a sequence of lower highs and lower lows with only...

Remko

Soybeans: We have been calling a bottom in the market about a moth ago and were looking for an decisive advance in price from the 1040/1020 level. However, price has not made the advance but dropped further instead. The pivotal support at 984 has not been broken thus far but the sideways pattern that price has developed during the past 2 weeks does not give us any...

Remko

Soyameal: Soyameal price has not been following our preferred route on the chart and price has been taking out some very important supportive levels lately. The bottom of the story is the same as with soybeans but with the values of the soymeal contract. For now we look for price to drop another 3-5% during the come 1 to 2 weeks after which we will see whether we...

Remko

Beanoil: The beanoil price has taken out some pivotal supportive levels during the past week even though the 34 mark remains unbroken. Like in soybeans and in soyameal we will have to allow the tradable bottom more time until the end of January or, possibly, into February.

Remko

Corn: Price tried to but failed to kickstart the rally that we predicted a month ago but made a modest move down instead. Still, same move down was not impulsive and should rather be seen as an extended sideways move of the price. Price has been bumping into a heavy resistance zone that is positioned between, roughly, 362 and 268. We keep our bull scenario...

Remko

Wheat: Price has made a decisive move up during the past week and broke out of the descending price channel. The upper line of same price channel has been serving as resistance during the past 6 months and is considered to be support now. We are now looking for a pullback of price towards the supportive zone from where we expect price to make another impulsive...