mtb1980

mtb1980

March Beans – Daily: Beans have been consolidating into a symmetrical triangle. You can see at the right there is a high amount of volume in the current price range. A break below would target 12.09. A break above, would first test the 13.95 area and then the 14.36 high. A move above 14.36 would then target the 16.60 area. Bull’s, re-read that. First need...

mtb1980

July21 KC Wheat – Daily: Trend based extension Targets: Base low, to swing high, to swing low. Volume increasing in the 5.95-6.12 target range. Targets above at 6.30, 6.54, and 6.69. Volume Profile is showing Point of control at 5.72 and will act as support. Risk below at 5.40

mtb1980

Weekly Cont. Cattle: The shaded boxes represent the previous 4 years of price action. Observe: Price trends up into early February. Cattle broke resistance against the (dashed) downtrend line and is attempting to break above the (solid) uptrend parallel line. A break above the solid up trend parallel will be fighting the larger structure of a long term bear....

mtb1980

Continuous Hogs- Weekly: The chart is led by the February contract. The shaded areas represent the previous 5 years of price action the Feb contract had acting as the lead month of their represented year. The parallel lines formed from multi pivots areas (swing highs or swing lows). Current cash contracts (Dec and now Feb) had consolidated on the down trending...

mtb1980

Top: Monthly Corn (2012-Present) Green box illustrates the current Harvest rally. Currently Corn is up 63% from its August Low, matching the 03/04 rally. The next target above at the 38% retracement of 5.07. **06/07 and 07/08 rallies illustrated above** Middle: US Dollar- US Dollar is trending lower, but the path forward is up for much debate. Higher or...

mtb1980

Top: Monthly Corn - Green boxes illustrate Harvest rallies from Aug into the next year. The dark green boxes below represent the end of each rally. Strength of rally’s depend on strengh or weakness of dollar and money flows from the funds and (more importantly) hedge activity from the commercials. Middle: US Dollar- Strong $ discourages a healthy US export...

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mtb1980

The market structure of soybeans has changed significantly on the smaller scale. Looking at the big picture, the range of estimates for potential highs is quite wide. Potential highs in the soybean market this year and for the next 5 years could be very high. Advised to take this big picture look very carefully, the backside of such strong rallies can be quite...