hopscotch

hopscotch Updated 

Oats is rounding out that last shoulder for this H&S Neckline must be broken at 284 for this pattern to evolve. Minimum target for this setup is just above S2 at 268. Significant support comes in at 278'2 at S1.

hopscotch Updated 

March Corn has launched off of the lows at the end of a H&S fall and looks like it might be setting up for a bearish Gartley. Corn crossed over the 20 day MA and pivot and stayed above this at the end of the day and eyeing R1 at 386'7. Possible continued move to R2 at 392'2 depleting RSI. The R2 would be a triple top and might signify further upside. Significant...

hopscotch Updated 

The hog index continues to fall now at market today. Expect continued move downward. Retracement is at the 20 day MA. We are in a fall from a double top at 67.675. Upward trend line would have to broken and stayed below for a complete fall to occur. First target would be back to S2 at 58.375. RSI trend is down for now.

hopscotch

Milk found a bottom two days ago and is now in retracement heading for pivot at 15.32. Hit the 20 day MA and will need to advance past this to achieve pivot. RSI is pushing upwards and trend is up. Believe double bottom needs to be achieved before significant headway can be made. This is still a bearish market.

hopscotch

The USD is creating a H&S for December. Next downside target S1 at 95.160, then possible rise back to pivot at 96.115

hopscotch

Meal is setting up for a H&S drop. Neckline comes in at S1 at 304.3. If the bears can force it through the neckline and stay below S2 that would be next target at 298.6. Minimal drop would be last shoulder which would take us to just above S3 at 289.3. RSI isn't all that great for a drop, but we will see. There is also a contentious bull flag here so one or the...

hopscotch

Soybeans are locked into a parallel channel between R3 and S1. Right now a H&S is showing. Breach of R2 at 905'1 would nullify this. If H&S comes due, drop to height of last shoulder as a minimum to S3 805'7 would be target.

hopscotch Updated 

BO has moved lower today eyeing the 20 day MA and pivot at 28.52. RSI falling and Stochastic RSI has crossed over from high levels. If pivot holds increase move up to 29.95. Move under the 20 day MA and pivot would possibly send markets to S1 at 27.63. Overall market is in a downtrend.

hopscotch Updated 

December Live Cattle is on the last shoulder of an H&S. 20 day MA has become resistance. Fall from this pattern might set live cattle back to uptrend line based on height of the last shoulder. Long term trend is still bullish. If cattle can break 119.350 R1, the H&S would falter and a continued uptrend would take us to R2. Stochastic RSI has crossed over...

hopscotch

Nov Soybeans fell from R2 at 868. 20 day MA must be broken and market must stay under for any legitimate fall further. Stochastic RSI has crossed over and market hit RSI uptrend.

hopscotch Updated 

After strong gains by the CAD and news of the USMCA the CAD is setting up for a bearish Gartley. RSI is nearing top levels. New pivots have been created. CAD having trouble staying above R2 at .78255. Estimate fall back to pivot and bottom channel.

hopscotch Updated 

Dec Hogs took a run at the ever increasing index now at 69.31 for the Oct contract. This appears to be heading for a double top. We have a few things developing for Dec. In short term a possible head and shoulders bring it down to S2. In long term we have a Elliot Wave in its 3rd position. New Pivots have formed for the month of October. If this market explodes...

hopscotch Updated 

Dec Milk creating a H&S. Fell today laying out last shoulder. S1 15.93 target for bears. Breaching this and staying under would put Milk target at S2 15.77 and shoulder height coming around S3 15.60 to 15.51. Milk is also under the 20 day MA supporting this outlook.

hopscotch Updated 

Milk fell from a Bat two weeks ago and looking like it may topple more. Has broke the RSI trend and the 20 day MA. S1 at 16.11 next target for bears. Uptrend must be broken before this can take place. Suggesting a bull Bat next pattern. If milk pushes off the uptrend then we might see a triple top and upside to R3 at 17.28.

hopscotch Updated 

October Light Crude looking like it wants to build out a three drives scenario. Next target for bears is moving through pivot at 68.100 and attacking the 20 day MA. RSI is staying within a pennant pattern. Crude could use pivot to launch up again. If it does it could then collapse at R1 at 70.600

hopscotch

December Wheat may have found a reversal point just above the S1 pivot at 520. Upside target for bulls is crossing Pivot at 548'7 and heading for the 20 day moving average at 560. If this reverses then sell target for bears is double bottom at 491'6. Low world supplies may help this move up.

hopscotch Updated 

The Canadian Dollar is trapped in a downtrend and is building out the last shoulder of an H&S. A break through R1 and out of the downtrend would negate the head and shoulders. R1 at .77195 is significant resistance for upward movement. Waiting for confirmation of H&S when the market reverses down toward pivot at .76560 and continues through. Since the right...

hopscotch Updated 

Hogs moving into a potential Bearish Gartley pattern. RSI is coming to a high point at R2 59.900. Resistance comes at 62.900 just under R3. Possible entry previous pivot at 61.375 for reversal. Hog index is falling and is now at 54.21.