| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 9.825 +16.90% on 04/14/16 | | 11.595 -0.95% on 05/12/16 | +1.595 (+16.13%) since 04/13/16 |
| 3-Month | 9.425 +21.86% on 03/31/16 | | 11.595 -0.95% on 05/12/16 | +0.455 (+4.13%) since 02/12/16 |
| 52-Week | 9.425 +21.86% on 03/31/16 | | 14.095 -18.52% on 10/05/15 | +1.210 (+11.78%) since 05/13/15 |
Technically Soybean Oil looks broken, but several other indicators point to higher prices over the near term.
Educational and Actionable information using Fibonacci & W.D. Gann analysis.
Fed FOMC holds rates steady again
.jpg)
Cash markets looking better but futures don't see the light
Destructive Rains Creating Havoc
Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents...
Wheat bulls were feeling better heading into the weekend, as Friday posted a round of strength. Chicago contracts were up 11 to 19 ¼ cents across the board, with May getting thin and July up just a tick...
Corn held up despite the bears putting up a fight after the overnight strength. Futures closed with contracts up ½ to 3 ¼ cents, as in delivery May was down a nickel. July futures ended the week with...
In my opinion, further clues were presented at the end of the week via the unemployment report as to further weakening of the economy. Stagflation has settled in with the Fed's Powell stating this week...
| Symbol | Last | Change |
|---|---|---|
| ZRK16 | 11.485s | -0.110 |
| Rough Rice May '16 | ||
| ZRN24 | 18.850s | +0.510 |
| Rough Rice | ||
| ZCN24 | 460-2s | +0-4 |
| Corn | ||
| ZSN24 | 1215-0s | +16-0 |
| Soybean | ||
| ZMN24 | 372.2s | +7.3 |
| Soybean Meal | ||
| ZLN24 | 43.08s | -0.16 |
| Soybean Oil | ||
| ZWN24 | 622-4s | +18-2 |
| Wheat | ||
| KEN24 | 650-2s | +13-6 |
| Hard Red Wheat | ||
| MWN24 | 714-4s | +5-2 |
| Spring Wheat | ||
| ZON24 | 387-2s | +0-6 |
| Oats | ||
| RSN24 | 647.00s | +10.10 |
| Canola | ||
| 3rd Resistance Point | N/A |
| 2nd Resistance Point | 11.485 |
| 1st Resistance Point | 11.485 |
| Last Price | 11.485s |
| 1st Support Level | 11.485 |
| 2nd Support Level | 11.485 |
| 3rd Support Level | N/A |
| 52-Week High | 14.095 |
| Fibonacci 61.8% | 12.311 |
| Fibonacci 50% | 11.760 |
| Last Price | 11.485s |
| Fibonacci 38.2% | 11.209 |
| 52-Week Low | 9.425 |
