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Omnious look at commodities


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#1 linrom1

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Posted 11 July 2021 - 09:09 AM

 

Like most I have been propagandized with the inflation dogma. However looking at the LT chart of corn you begin to see ominous trend----cyclical peak.

Corn has already declined 50% and hardly anyone has noticed. If on the other hand, stocks had declined by 50% we would be hearing to get out of the market because its going to zero.

 

Corn has seasonally peaked in May - Aug since 1996 and then proceeded to retrace .78 to more than 100% of its advance. Perhaps its different this time.

 

Last week Hadik said that he believed that commodities peaked except that grains will reach a secondary peak in 2022.


Edited by linrom1, 11 July 2021 - 09:18 AM.


#2 linrom1

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Posted 11 July 2021 - 09:22 AM

Yet another thing is that despite everything, corn has not even exceeded its 2008 and 2012 peaks.



#3 senorBS

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Posted 11 July 2021 - 10:17 AM

Yet another thing is that despite everything, corn has not even exceeded its 2008 and 2012 peaks.

corn like the DBA IMO has a beautiful big 5 up and is correcting that move, when done I expect a higher high and likely another big wave up, we see

 

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#4 Smithy

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Posted 11 July 2021 - 10:48 AM

"Last week Hadik said that he believed that commodities peaked"

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On 5/31/21 he said they would be up into 2022.



#5 linrom1

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Posted 11 July 2021 - 11:00 AM

 

Yet another thing is that despite everything, corn has not even exceeded its 2008 and 2012 peaks.

corn like the DBA IMO has a beautiful big 5 up and is correcting that move, when done I expect a higher high and likely another big wave up, we see

 

Senor

 

That's what I believed too, but when I look at historical charts, price just goes up and then collapses?



#6 linrom1

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Posted 11 July 2021 - 11:01 AM

"Last week Hadik said that he believed that commodities peaked"

-----------------------

On 5/31/21 he said they would be up into 2022.

.....secondary peak for grains only in 2022 not all commodities. He also that that SOME metals will peak again this year, and this is the divergence that signals that this is the top in metals.


Edited by linrom1, 11 July 2021 - 11:05 AM.


#7 Smithy

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Posted 11 July 2021 - 12:00 PM

Hadik has a pattern of calling peaks and then extending the call to later dates. I'm not seeking to disagree with you, but it seems to me an overall rise in commodity indices (DBA, CRB) into 2022 is a distinct possibility. And yes, selected ones may cark around now.

 

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#8 senorBS

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Posted 20 July 2021 - 04:56 PM

interesting that so far the DBA and CRB have had very modest/small corrections given the huge gains they have had from last years lows. Maybe there is more correction to come, maybe not

 

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#9 K Wave

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Posted 20 July 2021 - 10:15 PM

interesting that so far the DBA and CRB have had very modest/small corrections given the huge gains they have had from last years lows. Maybe there is more correction to come, maybe not

 

Senor

DBA trying for a Touch-N-Go off the hourly 900

 

dba.png



#10 K Wave

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Posted 20 July 2021 - 10:19 PM

Would not be surprised at all if Coffee now went to new All Time Highs out of this weekly setup....looks like a clean long term breakout to me....

 

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