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Allendale commodities wrap-up, May 19
Posted on May 20, 2008
For the short term trader, Allendale uses its own unique custom Moving Averages to monitor price momentum, define key support and resistance levels as well as advise where key pivot points are located when bulls may turn bearish and bears to turn bulls. We also include last week s closing price for the weekly chartist as we draw closer to the end of the week to anticipate the possibility for futures to have a positive weekly close or if weakness is ensuing. Conclusion: of key interest is how CBOT July wheat did settle below the 200 day moving average for the fourth consecutive trade day des...
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