Insights and Stories of David Drozd

Feb. 2, 2012 at 4:39 pm CST

Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are […]

By David Drozd

Jan. 4, 2012 at 10:38 pm CST

Charting and technical analysis may be likened to reading a price roadmap where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and what their implications are for prices. Classic formations, once identified, […]

By David Drozd

Dec. 1, 2011 at 4:27 pm CST

Wheat prices at the Chicago Board of Trade (CBOT) have dropped more than $3 per bushel since peaking in February 2011. A two-week reversal signaled a change in trend on Feb. 18. Chart analysis is not only useful for determining the market’s turns, but it can also be used to […]

By David Drozd

Nov. 7, 2011 at 4:33 am CST

Livestock producers were left scratching their heads when the December 2011 soybean meal futures contract posted a new high in late August. The news was incredibly bullish, as concerns of an early frost were on producers’ minds. The big question was, "Should I be locking in the price of meal […]

By David Drozd

Oct. 6, 2011 at 12:02 pm CDT

You’d be hard pressed to find anyone this summer who wasn’t aware of the United States’ escalating debt, increasing unemployment and home foreclosures that produced the current economic slowdown we’re in. All summer, as news grew increasingly bearish, with newspaper headlines suggesting the greenback was about to crash and burn, […]

By David Drozd