Trend for trading Nov 5,2009

The Trend for trading on Thursday, 5 Nov indicated

Corn, Soybean and Soymeal futures is Neutral with minor selling singnal.But soyoil still bullish with buying singnal. Wheat are bullish with buying signal. Down jones is bullish but S&P 500 and Nasdaq are Neutral with minor selling singnal. USD index is bearish with selling singnal. Other wise Crude oil is bullish .

					Minor Trend	Major Trend	Trend Reading
INDICES	Close	Change	3x1	7x5

S&P 500 - Dec ESZ9	1047.00	+ 5.25	1041.89	1050.33			Neutral
Dow Jones - Dec YMZ9	9785	+ 68	9744	9774			Bullish
Nasdaq - Dec NQZ9	1686.75	+ 11.25	1675.61	1700.92			Neutral
Russell - Dec TFZ9	564.10	− 3.80	563.78	576.53			Neutral

CURRENCIES

US Dollar Index - Dec DXZ9	75.825	− 0.745	76.387	76.183			Bearish
Australian Dollar - Dec ADZ9	0.9068	+ 0.0080	0.9004	0.9033			Bullish
British Pound - Dec BPZ9	1.6556	+ 0.0121	1.6433	1.6434			Bullish
Canadian Dollar - Dec CDZ9	0.9411	+ 0.0029	0.9335	0.9320			Bullish
EuroFX - Dec ECZ9	1.4862	+ 0.0138	1.4771	1.4819			Bullish
Japanese Yen - Dec JYZ9	1.1022	− 0.0052	1.1069	1.1020			Neutral
Swiss Franc - Dec SFZ9	0.9842	+ 0.0091	0.9786	0.9807			Bullish

GRAINS

Corn - Dec CZ9	384^0	− 6^0	384^4	376^6			Neutral
Wheat - Dec WZ9	521^0	+ 5^2	514^2	513^4			Bullish
Soybeans - Jan SF0	999^0	− 11^4	1001^2	984^6			Neutral
Soybean Meal - Dec SMZ9	301.6	− 4.8	303.9	295.4			Neutral
Soybean Oil - Dec BOZ9	37.55	+ 0.02	37.21	36.99			Bullish

ENERGY

Crude Oil - Dec CLZ9	80.40	+ 0.80	78.87	78.48			Bullish
Heating Oil - Dec HOZ9	2.0902	+ 0.0169	2.0555	2.0494			Bullish
Natural Gas - Dec NGZ9	4.725	− 0.197	4.866	5.148			Bearish

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Addition with Technical Analysis

CBOT Corn (Dec09) - Yesterday corn futures disappointing finished. Price go up to reach 4 $ but cannot break this level trader start short at this point from 30 min chart shown bearish in MACD. In 30 min chart trend is down price break moving average 385 cent in overnight market and hold at 384 (in Asia trade when i wrote this article) next support is 382, 377 and 370. RSI and Stochastic is neutral but slope is down trend. Price will open steady or little weaker today. You can see selling when prices moving around 400 cent that limited upside but down side corn futures may not lower than 370 cent.



CBOT Soybean (Jan10) - 30 min chart of soybean shown bearish signal after reach 1,000 cent . Price break support at 996 cent (in Asia trade while I write this article), next support is 989 and 966. MACD is oversold but does not has a revesal. RSI is low at 38.057 but not oversold. Fast stochastic downtrend and have a bit sing of reversal. I think to day soybean prices will open lower. But I my view if soybean price moving around 980-985 cent may have some trader bet for short term speculation.



CBOT Wheat(Dec09) - Price trend is down. Stochastic , RSI and MACD is down trend and bearish. I think wheat technical factor is weak compare with soybean and corn. Price may open lower , support downside is 507 and 480.