Sugar has done a decent job at suggesting the future direction of interest rates over the past couple of years. On 5/31 Sugar was suggesting that rates should be moving higher. (see post here) In the chart below, Sugar has pushed a good deal above resistance, gaining over 20% in the past 30 days! CLICK [...]
CLICK ON CHART TO ENLARGE Even though yesterday was a rough day for equities, a key markets above DID NOT break support! CLICK ON CHART TO ENLARGE I have been sharing that Sugar has been a decent indicator per the future directions of interest rates (see post here). Anyone notice how Sugar is doing today? [...]
Almost a month ago I shared the chart below, reflecting that “Sugar” has been a good indicator per the future direction of interest rates. (see post here) CLICK ON CHART TO ENLARGE Below is an update on the Sugar/30-year yield chart. CLICK ON CHART TO ENLARGE Sugar and the yield on the 30-year bond have both [...]
It is early in the day, yet at this time the Dollar is breaking support after hitting its Fib retracement level. CLICK ON CHART TO ENLARGE Odds are pretty high that the decline across the board in Commodities had something to do with the Dollars rally. If the Dollar declines more from here, below are [...]
CLICK ON CHART TO ENLARGE Bullish falling wedges are taking shape in several commodities, that happen to be down over 20% from their highs. JJC has one of the better looking patterns right now! Silver has rallied this morning to the underside of channel resistance as is testing the monthly highs back in 1980…AGAIN! (see 1980 [...]
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