Soft Commodity Update

October 1, 2017

Are Soft commodities finding a major low here?  Could…be but it will vary by commodity and could take another few months to a year for some.

Here is update with charts on DBA, SOYB, JJG MOO and I may add Sugar and Coffee later if I find time. The first three charts are DBA which covers a broad mix of various softs.  Also charts on SOYB for Soybeans and JJG, an ETF that buys Futures in Soybeans, Corn and Wheat.

My first chart on DBA s nasty 8 year downtrend. The only thing interesting on that chart is that we are in my timing band to find a Yearly Cycle Low (YCL).  Note the rallies out of a YCL if you can catch them. The last 3 YCL’s have made lower lows but the rallies before they topped were a nice ride if you catch them. My second DBA chart is a close up daily that shows we may be bouncing out of a Half Cycle Low. My 3rd DBA chart shows you the resistance near 19.60 that I will be watching closely and may take a position if it does.

 

 

 

MOO is an Agri-Business EFT which has done quite well while the broader CRB has suffered:

 

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Surf City is a pseudonym for a 60-year-old retired Information Technology Executive and Software start-up Entrepreneur living near the beach in California.   He has been an active investor and trader since the mid-1980s. Analytical by nature, his sound investments over the years allowed him to retire at a relatively early age of 55. In addition to the standard Technical Analysis tools of Edwards and Magee, Surf is a disciple of Walter Bressert’s Cycle Methodology and Stan Weinstein’s Stage 4 Market analysis.  Surf combines these skills to develop his unique “Cycle Price Channels.” Some call them “Surf’s ForkCycles.

During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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