R.J. O'Brien - Blogshttp://www.rjomrt.com/index.phpCorn Breakout Sights $4.90http://www.rjomrt.com/content/blog.php?blog_id=4196<b>Blog - Technicals</b>,
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For weeks we warned traders to beware the 4.40-to-4.50-area as a key resistance candidate as this defined the upper boundary of the past 21-month range. By the same token, a confirmed bearish divergence below recent and trailed corrective lows at 4.05, 4.15 and now 31-Aug's 4.38 have been required to arrest the past couple months' developing uptrend needed to
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Cattle Recovery Defines 97.25 Key Risk While Hogs Remain Trapped in Lateral Penhttp://www.rjomrt.com/content/blog.php?blog_id=4194<b>Blog - Technicals</b>,
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While we continue to believe the past month's lateral 80.05 - 73.15-range in hogs is corrective/consolidative ahead of an eventual break down, the cattle market remains arguably in a very nice uptrend from 11-Jun's 87.20 low. But with historically extreme large spec bullish exposure, 31-Aug's 97.25 is advised to be viewed as a tight but objective risk parameter that, if broken, could lead to sharp losses immediately thereafter. Please review today's Technical Webcast for details.
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Metals Maintain Bids; New Silver Highs Since Mar'08http://www.rjomrt.com/content/blog.php?blog_id=4193<b>Blog - Technicals</b>,
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By breaking 13-May's 19.845 high and posting its highest weekly close since Mar 2008, the silver market has vindicated our preferred bullish count calling the labored sell-off attempt from 13-May's high a corrective/consolidative structure consistent with the secular bull trend. And while the gold and copper markets remains below their respective Jun and Apr highs for this year, their trends remains clearly up and are expected to continue. Please review today's Technical Webcast for technical details and the latest pertinent risk parameters to continued bullish policies.
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USD Reaffirms At Least Interim Weaknesshttp://www.rjomrt.com/content/blog.php?blog_id=4192<b>Blog - Technicals</b>,
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Following 26-Aug's bearish divergence in short-term momentum below 82.84, an orderly slide continues in the USD Index that reinforces 24-Aug's 83.56 high as one of developing importance and possibly the end of a broader bear-market correction from 06-Aug's 80.08 low. With the EURUSD's analogous 1.2588 low being the exact 50% retrace of Jun-Aug's 1.1876 - 1.3336 rally, recent short-term proof of strength in the Euro must be respected as the base for steeper gains as long as it sustains its recent gains important to an impulsive move higher. Please review today's Technical Webcast for details.
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Corn Fundamentals Shifting Longer-Term Positivehttp://www.rjomrt.com/content/blog.php?blog_id=4191<b>Blog - Fundamentals</b>,
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The increasing prospects of lower U.S. corn yields are shifting the fundamental structure of the U.S. corn situation to the positive side. The following blog post contains our updated look at the U.S. corn balance sheet.
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T-Note Failure Corroborates Equity Recovery, But Hurdles Remainhttp://www.rjomrt.com/content/blog.php?blog_id=4190<b>Blog - Technicals</b>,
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The combination of a confirmed bearish divergence in daily momentum amidst historically extreme bullish sentiment in the 10-yr T-Note market warns of a peaking/reversal threat that could be significant in its own right and may be an ancillary indicator of developing equity market strength. Despite the clear intermediate-term recoveries in the S&P and Russell Indexes however, larger-degree resistant hurdles remain. Please review today's Technical Webcast for details.
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Corn Breaks Out, Sights $4.90http://www.rjomrt.com/content/blog.php?blog_id=4189<b>Blog - Technicals</b>,
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The extent and decisiveness of the corn market's breakout above the 21-month range exposes a 3rd-Wave rally with potential legs for at least the 4.90-area. This strength is impacting the bean and wheat markets as well, but Nov beans remain contained by 10.33 and 10.48 resistance while Dec wheat has taken out an intermediate-term resistance level at 7.32. Please review the details of today's important events in today's Technical Webcast.
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Sugar, Cotton Bulls Intact While Cocoa Bear Takes a Breatherhttp://www.rjomrt.com/content/blog.php?blog_id=4195<b>Blog - Technicals</b>,
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The uptrends in the sugar and cotton markets remain clear and present and are expected to continue with the most recent spates of strength defining new and tighter risk parameters. And while profits were taken on our short position on cocoa due to trailing protective buy-stops to a more conservative level, the past couple days' pop is too small at this juncture to be considered anything but an interim corrective pop. Please review today's Technical Webcast for details.
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RJO MRT U.S. Crop Production Estimateshttp://www.rjomrt.com/content/blog.php?blog_id=4188<b>Blog - Fundamentals</b>,
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The following blog post contains our updated U.S. corn and soybean production estimates ahead of next Friday's USDA Crop Production report.
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The dreaded two-month period of September and October has arrived for the stock markethttp://www.rjomrt.com/content/blog.php?blog_id=4187<b>Blog - Fundamentals</b>,
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The dreaded 2-month period of September and October has arrived. September is the worst month of the year for the S&P 500 with an average loss of 0.62% over the period of 1950-2009. October is actually the seventh best month of the year with an average gain of +0.61%...
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