Insights and Stories of David Drozd

Jan. 18, 2013 at 2:23 am CST

Live cattle prices on the monthly nearby futures chart last month rallied to within a couple of dollars of the historical high of $131.05, which was established in March 2012. Long-term charts, such as the monthly live cattle chart illustrated here, are invaluable for identifying major price trends, as trendlines […]

By David Drozd

Jan. 4, 2013 at 6:35 pm CST

The soybean market has been under pressure, since prices peaked at a new historical high of $17.94-3/4 on Sept. 4, 2012. This market has been under the influence of long liquidation for the past three months. Given the fundamental situation, some traders may be bewildered by the market’s weakness, while […]

By David Drozd

Nov. 14, 2012 at 1:11 am CST

The Canadian dollar has been trending lower, since it penetrated the lower boundary of the uptrending channel. I have found that chart analysis is a valuable resource for determining the price trend and where support and resistance to the trend may be anticipated. Trendlines During the course of a trend […]

By David Drozd

Oct. 6, 2012 at 9:30 am CDT

Technical analysis is the study of market movement. Its strength and popularity comes from the assumption that future price direction can be predicted by studying a market’s past activity. Technical analysis is concerned exclusively with the market and certain statistics the market generates; prices, volume and open interest. In technical […]

By David Drozd

Sep. 7, 2012 at 12:08 pm CDT

Last month I talked about the record-high price of corn and soybeans. As much as this is exciting news to grain producers, especially those fortunate to have a crop, this has been devastating for hog producers. Near-record-high feed costs and a slowing economy are forcing hog producers in China to […]

By David Drozd