BITCOIN - Donna's Rice Pudding & Chocolate Almond MilkWhile eating some delicious rice pudding my friend Donna made i decided to take a look at the one day chart with tether on binance seeing as thats where most of the smart money is going as apposed to coinbase against the dollar. I wondered where we would be around the 2nd February when my dark chocolate almond milk expires.. it appears on the brink of the low and end of this bear period.. I am predicting turbulent times from 27th January until 18th February before upward trend.. with an estimate of 8th February as lowest low in cycle around $9670.. (+/-100)
RICE
Correction in Rough RiceOn top of that, hedge funds positioned themselves very long very quickly while producers took the other side.
Rice futures about to rise dramaticallySince 2002 rice has had 10 major demand levels. Nearly every single demand level occurred between March through May (planting season) with the exception of one in July 2010. Every time rice prices found a bottom between March through May, prices increased shortly after, often substantially.
Below is a chart showing the daily triangle breaking out. This is an example of a perfectly aligned short term technical/cyclical/seasonal play.
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RICE IS A POTENTIAL HIGH REWARD BUY TRADETrendline broken, and market formed a textbook flag above the broken line.
For me a textbook buy signal is forming here.
If you like to take a little bit more risk like me, buy here at 975 and place your stop at 957.
Target would be the longterm trendline at 1060.
This would result in a nice 5:1 Risk:Reward trade.
If your looking for a more conservative approach wait for the flag to break and enter on the break.
Rice futures: Good setup in the weekly hereIf we stay above August 15th's low next week, we'll confirm a potential rally to 1108, so it'll be worth it to enter at market here, risking 0.5% and adding another 0.5% position at the close of next week, if the August 15th low isn't retested.
Good luck!
Ivan Labrie.
RunningAlpha Upgrades Commodity Markets Update to Priority ListRunningAlpha dot com Capital Markets Intelligence High Priority Update for Monday, May 2nd, 2016
Although $39 and $36.50 remains baseline intermediate to long-term support for Light Crude Oil ( in reference to June Contract Pricing ), the recent advance upwards has opened the door for a further short covering rally upwards to $62 to $65, and perhaps $74 to $76 levels if on a spike. Bullish window for buying on dips extends into at least June period -- this also applies to Brent Crude. Russian Stock Market ( $RSX ) looks bullish during this period. Oil and Gas Drilling stocks will likely continue higher on balance -- particularly a core position in stocks like $PBR.A would be sensible, which should also benefit from a continued bullish run in Brazilian Equities ( which I expect Brazilian equities should trend higher into the summer, and again later in the fall to close out the year much higher ). Among many other equities in Latin America, $ARCO and $KOF also have a strong bullish bias with sentiment conviction windows extending into foreseeable future.
Other Commodity Markets showing very significant sentiment strength going forward are in the Agricultural complex -- Soybean, particularly Soybean Meal $SOYB, Rice, Corn $CORN, Cotton $BAL and Coffee ( $JO is ETF -- when above $18.02 and especially when trading above above $19.00, then $27 is interim target ), and even wheat to some degree. Equities that would benefit from a rise in these commodity markets should have a tail-wind. Silver and Gold stocks, which RunningAlpha.com has been bullish on for a few months now, still shows signs of strength on pullbacks. Sourced from premium sentiment conviction list on RunningAlpha dot com
Rough Rice RR1! Longterm Call As we are on the brink of the next cyclical recession food security has become more of a concern than ever. One can see the inverse correlation that rice has exhibited over the last 15 years being an extremely inelastic good as it is the most consumed grain in the world. In the last 14 years the value of this commodity future has gone up over 250% versus the most widely used currency in the history of mankind, what does that say about the purchasing power of the dollar? The system will crack, inelastic sustenance commodities will experience hyperinflation. The last chart I made on Rice in early 2015 I claimed that it would bottom out at 9.2 and I was off by .1. Let's see how it goes, best of luck to all! And remember this market is relatively low volume and has extremely violent gaps so be careful with using leverage.
Regards
Rahul Andra