Insights and Stories of David Drozd

Jul. 18, 2010 at 10:14 am CDT

Although the oat futures market is the most thinly traded cereal grain market in Chicago, it still provides reliable chart patterns and technical signals on when to buy and sell. Reading a chart is much like reading a road map. It tells you where prices are going to go. Let’s […]

By David Drozd

May. 25, 2010 at 11:37 pm CDT

On May 6, the Dow Jones Industrial Average (DJIA) suffered a severe 1,000 point drop that sent shockwaves around the world. To this day, investors from far and wide have been trying to understand why. Ludicrous rumours surfaced, one being that someone had accidentally entered an order to sell a […]

By David Drozd

Apr. 30, 2010 at 8:59 am CDT

Fundamentally, wheat prices have been under a lot of pressure, due in part to a large world supply and a declining euro. Just as prices on the nearby wheat futures contracts at all three U.S. exchanges posted a new low for the recent move, wheat at the MGEX formed a […]

By David Drozd

Mar. 31, 2010 at 11:03 pm CDT

If you think the failing euro doesn’t affect your bottom line, think again. Since the end of November 2009, the euro has lost about 12.5 per cent of its value relative to the U.S. dollar index and 15 per cent to the Canadian dollar — and this devaluation caused North […]

By David Drozd

Feb. 4, 2010 at 12:22 pm CST

The rally that began in the canola market with the delayed harvest is over. The chart patterns were textbook-perfect in predicting the inevitable, which was for prices to peak in early January and turn lower. It all started with prices breaking down below the line of support (A on the […]

By David Drozd