(Continued from page 1)
consolidating the recent rally. The Daily BC hovers within the overbought area. OI is up 5 percent from last week. Signals advise some caution for recent Bulls short term. The intermediate trend is overbought and warns of another corrective decline.
Grains
Soybean futures are rising to test overhead resistance. The Daily BC hovers moderately below the 12 month high. OI is up 8 percent from last week. Signals advise some caution for recent Bulls short term. The intermediate trend is overbought and warns of a corrective decline. Soybean Oil futures are moving sideways/higher in a test of short term overhead resistance. The Daily BC hovers moderately above the oversold window. OI is up 2 percent from last week. Signals are neutral short term. The intermediate trend is neutral. Soybean Meal futures are rising in search of overhead resistance. The Daily BC rose to another new 12 month high. OI is up 13 percent from last week. Signals advise some caution for recent Bulls short term. The intermediate trend is overbought and warns of a corrective decline. Corn futures are rising to test overhead resistance. The Daily BC rose well below the neutral area. OI is up 6 percent from last week. Signals are neutral short term. The intermediate trend is bullish/neutral. Wheat futures are consolidating below apparent overhead resistance. The Daily BC stalls well above the oversold area. OI is up 1 percent from last week. Signals are neutral short term. The intermediate trend is neutral.
Meats
Live Cattle futures are moving sideways/lower to test support. The Daily BC rose moderately below the 12 month high. OI is up 1 percent from last week. Signals are neutral short term. The intermediate trend is neutral.
Feeder Cattle futures are consolidating the recent test of support. The Daily BC hovers within
|