Cocoa And Live Cattle turning

Published 08/24/2012, 03:49 AM
Updated 03/19/2019, 04:00 AM

Our daily momentum indicator which takes a look at some of the major commodities shows a change in direction for Oct12 Live Cattle and Dec12 Cocoa with both showing negative tendencies. Meanwhile, wheat has moved back into positive momentum, as predicted yesterday, but given the current high volatility in grains it has moved from hot to cold and back again within a short period of time which makes it difficult for momentum indicators to catch up.

Brent crude has begun to slow after been showing positive momentum for 38 days but just like the pattern of corn, which is on a steep rally, such a slowdown can take a while before it turns negative. A period of consolidation is therefore the most likely outcome near term.
Momentum Indicator On Major Commodities

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.