mjhillpp

mjhillpp

Arguments for upside: - Broke 100 day MA at 132 - Several MAs crossing - Fundamental tightness supports prices Arguments for downside: - Weakening future spreads - Low volume on advance during past two days What is the deciding factor? - Currency rate USD/BRL. Long time highs - If the USD/BRL retraces more (currently overbought on daily, weekly and monthly time...

mjhillpp

RSI and Stochastik crosses. Oversold on BB bands. 1 st target middle Bollinger band around 2500

mjhillpp

Stochastik crossed to the upside Lower end of channel for the past 2 years. Traget 1: 12.75 Target 2: 13.50 Max target: upper end of trend channel 15.00

mjhillpp

Flag in recent downtrend points to next downside target at 45.00 Technically a little oversold already, so caution. Fundamentally market oversupplied; Spread structure has been weak Refinerie demand for Heating oil low, demand for gasoline will be slowing down in the next few weeks

mjhillpp

Slight support coming with lower Bollinger Bands and previous low at 3225 and 50 day MA 3116ish

mjhillpp

Reaching oversold territory based on RSI, Stoch and running into support on lower BB. Market overall sideways and lower, BUT seasonally August is a strong month Buy U15 at 118.00 --> target 130, Stop 112.00 exit at target or before First Notice Day

mjhillpp

Short Sep Cocoa @ 3350; Stop 3450, take profit 3150 Reasons: RSI and Stochastik Divergence COT report specs approaching max long position Overbought on Bollinger Band Fundamental Cocoa grind report bearish (released by ICE US on 7/16/2015)