Wednesday, January 20, 2010
Wednesday Commodities Round-Up
A and B are the primary trend lines -- both of which have held.
C, D, and E are areas of resistance that prices have moved through. These lines are now support in the event of a downward move.
A.) The 10 day EMA is now moving sideways while the 20 and 50 are still moving higher. Because the 10 day EMA is shorter than the other EMAs it is far more volatile.
A.) The MACD rose from mid November to early January, but has given a signal. But also note that prices have moved into the upward sloping trend line but not moved lower.
B.) There has not been a big move into or out of the DBBS since early December.