Insights and Stories of David Drozd

Mar. 30, 2011 at 3:16 pm CDT

It appears the seasonal tendency for corn prices to move lower in March may be over, due to the bears being unable to push prices below an important line of support on the December 2011 futures contract. This is also the point at which a reversal pattern called a Harami […]

By David Drozd

Mar. 4, 2011 at 1:57 pm CST

Downward corrections in a bull market are inevitable and technical analysis is a proven and reliable means of identifying changes in direction. Technical analysis is the study of market movement and its primary focus is on price action. Its strength and popularity comes from the assumption that future price direction […]

By David Drozd

Feb. 11, 2011 at 11:40 am CST

The oilseed complex has been well supported by the strong vegetable oil market. This is evidenced by the steep uptrending channel illustrated on the monthly soybean oil chart. This rally began with the development of a “two-month reversal” back in July 2010. This particular “two-month reversal” is seen at the […]

By David Drozd

Jan. 6, 2011 at 3:00 pm CST

What a difference a year makes! In December 2009 feeder cattle prices were down challenging an area of support at $90. Prices quickly bounced off the line of support, as illustrated in the accompanying chart, and by the end of December a two-month reversal materialized, which indicated prices were about […]

By David Drozd

Dec. 8, 2010 at 3:22 pm CST

The U.S. dollar had been under pressure since prices peaked at 89.098 in June 2010. However, that price slide came to an abrupt halt shortly after the U.S. Federal Reserve announced another US$600 billion stimulus package at 1:15 p.m. CT on Nov. 3. Listening to the news, one would have […]

By David Drozd