$UST10Y 10 Year US Treasury Yield Weekly and Daily Charts Primary Consideration: Higher yields are due the effects and expectations of government and Central Bank intervention and the accompanying market dynamics Yield has a possible upside of 2 plus Global event risks certainty could move yields to 1 or lower
Chart 1. $UST10Y 10 Year US Treasury Yield, Weekly Chart, September 2013 Oct. 28, 2016
Chart 2. $UST10Y 10 Year US Treasury Yield, Daily Chart, November 2014 Oct. 28, 2016
Select Commodity Charts
Soybeans Weekly and Daily Charts Primary Consideration: Near term technical price weakness to potentially $8.50 became questionable with last week s price action. That said, I remain more concerned about additional price weakness and the culmination of a bottoming process Alternative Consideration: From a technical perspective, considering global risks and uncertainties and required intervention activities argue a price bottom is in place
Chart 3. Soybeans, Weekly Chart, September 2013 Oct. 28, 2016
Chart 4. Soybeans, Daily Chart, May 2016 Oct. 28, 2016 The daily chart implies prices are range bound
Corn Weekly and Daily Charts Primary consideration: Near term bottoming process underway with a possible low in the $3.00 per bushel area Secondary consideration: Upside considerations presently to $4.19 per bushel
Chart 5. Corn, Weekly Chart, September 2013 Oct. 28, 2016
Chart 6. Corn, Daily Chart, May 2016 Oct. 28, 2016
Rice Weekly and Daily Charts
Chart 7. Rice, Weekly Chart, October 2013 Oct. 28, 2016 Primary consideration: A bottoming process is underway
Chart 8. Rice, Daily Chart, February 2016 Oct. 28, 2016
Cotton Weekly and Daily Charts Primary Consideration: Corrective price action underway with possible price weakness to the bottom of the Bollinger Bands on the weekly chart Bullish prices likely beyond this corrective price activity
Chart 9. Cotton, Weekly Chart, September 2013 Oct. 28, 2016
Chart 10. Cotton, Daily Chart, May 2016 Oct. 28, 2016
Wheat Weekly and Daily Charts
Chart 11. Wheat, Weekly Chart, September 2013 October 28, 2016 Primary Consideration: Forming a price bottom Price weakness into the $3.80 area a possibility
Chart 12. Wheat, Daily Chart, May 2016 October 28, 2016
Copper Weekly and Daily Charts Primary Consideration: Copper had a great week last week, but prices likely need to make a final low before turning bullish
Chart 13. Copper, Weekly Chart, September 2013 Oct. 28, 2016
Chart 14. Copper, Daily Chart, May 2016 Oct. 28, 2016
$WTIC Light Crude Oil Weekly and Daily Charts Primary Consideration: A choppy sideways market OPEC, other verbal guidance has interesting impacts Global oil data questionable Daily and weekly charts from last week appear a little bearish going into the week Defining a trading range Market participants will watch this market closely this week
Chart 15. $WTIC, Weekly Chart, September 2013 Oct. 28, 2016
Chart 16. $WTIC, Daily Chart, May 2016 Oct. 28, 2016
CRB Weekly and Daily Charts Primary consideration: Near term bottoming process underway with a final leg down in the index Secondary consideration: The bottom is in place
Chart 17. $CRB Reuters/Jefferies CRB Index, Weekly Chart, September 2013 Oct. 28, 2016
Chart 18. $CRB Reuters/Jefferies CRB Index, Daily Chart, September 2013 Oct. 28, 2016
Select Currencies
Power Shares US Dollar Index Weekly and Daily Charts Primary Considerations: Dollar may need to consolidate its gains with a period of corrective activity, which would be supportive of U.S. exports and commodity prices in general Lately dollar strength has generally been bearish for U.S. exports and commodity prices in general. Global interventionist government and Central Bank activities will define dollar strength or weakness over the next 3 to 12 months
Chart 19. Power Shares US Dollar Index, Weekly Chart, September 2013 Oct. 28, 2016
Chart 20. Power Shares US Dollar Index, Daily Chart, November 2014 Oct. 28, 2016
Australian Dollar Weekly and Daily Charts Primary Consideration: Consolidating Generally a weakening Australian currency implies weakening demand for their commodity based economy Near term I am neutral but longer term my bias is to the upside
Chart 21. Australian Dollar, Weekly Chart, September 2013 Oct. 28, 2016
Chart 22. Australian Dollar, Daily Chart, November 2014 Oct. 28, 2016
British Pound Sterling Trust Weekly and Daily Charts Primary Consideration: An obvious weak currency BREXIT implied the United Kingdom must retool politically, economically, and socially The currency weakness is a plus for revitalizing their economy
Chart 23. British Pound Sterling Trust, Weekly Chart, September 2013 Oct. 28, 2016
Chart 24. British Pound Sterling Trust, Daily Chart, November 2014 Oct. 28, 2016
Canadian Dollar Weekly and Daily Charts Primary Consideration: Consolidating and churning sideways, due to present global risks and uncertainties Near term bearish indicator for their commodity prices
Chart 25. Canadian Dollar, Weekly Chart, September 2013 Oct. 28, 2016
Chart 26. Canadian Dollar, Daily Chart, November 2014 Oct. 28, 2016
EURO Trust Weekly and Daily Charts Primary Consideration: European Union economic weakness and political and social uncertainty problematic for EURO, but near term emerging inflationary forces are supportive of EURO and provide DOLLAR relief
Chart 27. EURO Trust, Weekly Chart, September 2013 Oct. 28, 2016
Chart 28. EURO Trust, Weekly Chart, November 2014 Oct. 28, 2016
Japanese Yen Trust Weekly and Daily Charts Primary Consideration: Dollar shows strength, while the Yen shows weakness, likely positive for Japanese equities With the DOLLAR likely in a consolidation period be respectful of currency dynamics in general
Chart 29. Japanese Yen Trust, Weekly Chart, September 2013 Oct. 28, 2016
Chart 30. Japanese Yen Trust, Daily Chart, November 2014 Oct. 28, 2016
Select Charts
SPDR S&P 500 ETF Weekly and Daily Charts Primary Consideration: Consolidating, a good week for some corrective price activity, so let price dynamics define price direction Revisiting the bottom Bollinger Band possible
Chart 31. SPDR S&P 500 ETF, Weekly Chart, September 2013 Oct. 28, 2016
Chart 32. SPDR S&P 500 ETF, Daily Chart, November 2014 Oct. 28, 2016
QQQ NASDAQ Power Shares Weekly and Daily Charts
Chart 33. QQQ NASDAQ Power Shares, Weekly Chart, September 2013 Oct. 28, 2016 Primary Consideration Consolidating Price uncertainty near term, so be respectful until price direction is further defined
Chart 34. QQQ NASDAQ Power Shares, Daily Chart, May 2016 Oct. 28, 2016