HEDLines – Archive

Wheat futures made a daily-scale bottom extension yesterday, which is the first since this ‘down-leg’ began with a top extension in December. We have no outstanding short recommendations in this market and would now buy to go long. Bottom extensions…

Copper futures made a daily-scale bottom extension yesterday, after an accelerating drop for the last few days. This drop continues today with a further 20 cents fall (to the mid-night low point) and no doubt we will see another extension…

There were compressions in Dax and Eurostoxx yesterday. So far today these are both breaking upward: This opens the door to further strength in stocks generally, but particularly in the N European markets that would most benefit from the widely…

The 30-year futures contract made a daily-scale top extension yesterday, which is the latest in a long series of these jagged peaks. More importantly, the yields of both 30 and 10-year treasuries also extended – making bottoms not tops, as…

Sugar futures made a bottom extension on Friday, at a daily scale. Natural gas has also been sliding and has made a pair of bottom extensions lately – one at a weekly scale last week and one daily version on…

Here is a rather thinly populated turn schedule. There have not been many turns expected since the end of the last schedule, published in the October 6th edition. There are a few scattered over the next few weeks but the…

Some delivery months in wheat futures  made top extensions yesterday in the sharp early run-up. Prices fell later in the session but we can only see these daily signals at the end of the day so were not able to…

We started to warn of a potential large downward move in oil prices last year after we had noticed a feedback loop in the crude oil market that was likely to implode. Oil and related energy prices have fallen fast…

Both US bond and German bund futures made top extensions on Friday, at a daily scale. This latest sign that the long-standing tendency for prices to rise/yields to fall in these important government bond markets is another chance to sell…

The picture has been mixed in equities. We last wrote in the November 25th edition that US and European equity markets would see “a period of sideways price activity or an imminent dip and that the most likely outlook was…