Tuesday, October 13, 2009

Wheat Prices Jump



Click for a larger image


A.) Prices moved though key resistance levels. Prices have also moved above the SMAs.

B.) The MACD is in a very bullish posture. First, it has just crossed 0 -- a buy sign. Secondly, note the MACD can move higher (and has) indicating that we could have some room to run. Tie that in with the fact that prices are now very low and you have a possible bull run in the making.