HEDLines – Archive

Wheat futures made a bottom extension on Friday, at a daily scale. Corn futures made the same signal on Thursday as reported in the last edition, which we now see was repeated the next day. The weakness that has led to…

Corn futures have fallen by 18% from the highs made in mid-June and have now made a bottom extension at a daily scale. This is an opportunity to buy some hereabouts. In the bigger picture, corn has been falling for some…

Yesterday’s further drop in US stock markets produced the first bottom extensions we have seen in this current price tumble. Transport, Airlines (not shown) Asset Managers and ‘General Financial’ were the sectors concerned, as shown here: These last two are…

The markets reacted sharply to the news of a narrow win for the leave campaign in Thursday’s Brexit referendum here in the UK. Stocks fell everywhere; bonds, the dollar and gold all rose and fear now stalks the world. This…

The Brexit vote is tomorrow and our informal survey shows that it’s just as tight as the opinion polls suggest. The ‘leave’ vote is probably more solidly entrenched but that may just reflect our sample of subjects – middle-aged, middle…

US 30-year bonds, 10-year notes, German Bunds and UK Gilts have all made daily-scale top extensions in the last few days. This coincides with the newsworthy event that rising prices have also just pushed the benchmark 10-year Bund high enough…

The main Swiss equity indices made daily scale bottom extensions yesterday. This probably means that the recent weakness in Europe will now end so we should stop playing defensively and ‘step up’ our bullish approach. If you are not long,…

Soya beans and soya meal have both traded higher on the weather effects of the current El Nino on the prospect for crops in the Southern Hemisphere. Extra demand for soya in recent years has come from the increased consumer…

There has been a broad rally in commodities since early in the year and now there is reason to think that it will end hereabouts. The 5-year commodity price drop ended and this rally immediately started in late January with…

The UK and German stock markets both produced daily-scale compressions yesterday, which seem to have broken downward today.  It is too early to tell if prices will still be trading down at the end of the day, which would confirm the…