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This is an example chart page. Each chart page can display a number of optional features:
  • "Active Chart Data" If you are using a reasonably modern web browser, you can see a small window at the top of the chart. When the chart page is first loaded, data for the most recent trading day is displayed in this window. If you click on any bar in the chart itself, the data displayed in the window changes to display the data for that particlar date. This "Active Chart" feature can be turned on, and off by clicking the button labeled"Activate/Deactivate Chart Data" (located directly beneath the chart). Note that the chart and data shown here is for example only - the data is not current.
  • Historical Data By clicking on the button labeled "View Historical Data", (located directly beneath the chart) you can view the historical data for this particlar contract in an easy-to-read table format.
  • Contract Specifications Beneath the chart itself is an optional window which shows the contract specifications for the contract being displayed. This window can be turned on-and-off by clicking the button labeled "Show/Hide Contract Specifications".
  • Written Technical Analysis The bottom portion of this page contains a written analysis describing the state of many technical indicators as applied to this particular chart. This analysis can be turned on-and-off by clicking on the button labeled "Hide/Show Written Analysis"

-- sample chart page follows --

TFC Commodity Charts - Sample Chart Page
Corn (CBOT)
Trading Month: May, 1999


Click on any date on chart to display daily statistics

Analysis

Mov Avg 3 lines Indicator:

Note:

In evaluating the short term, Plot1 represents the fast moving average, and Plot2 is the slow moving average. For the longer term analysis, Plot2 is the fast moving average and Plot3 is the slow moving average

Conventional Interpretation - Short Term:

The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term:

The market is EXTREMELY

BEARISH. Everything in this indicator is pointing to lower prices:

the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average. WARNING: Market momentum slowed down on this bar. This is indicated by the fact that the difference between the two moving average lines is smaller on this bar than on the previous bar. Its possible that we may see a market rally.

Conventional Interpretation - Long Term:

The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term:

Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the fast moving average slope is up from the previous bar, the slow moving average slope is up from previous bar, price goes above the fast moving average, price goes above the slow moving average.

DMI Indicator:

Conventional Interpretation:

DMI+ is less than DMI-, indicating a downward trending market. A signal is generated when DMI+ crosses DMI-.

Additional Analysis:

DMI is in bearish territory.

Swing Index Indicator:

Conventional Interpretation:

The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis:

No additional interpretation.

Ultimate Oscillator Indicator:

Conventional Interpretation:

The Ultimate Oscillator attempts to identify market turning points by analyzing divergences between the market and the Ultimate Oscillator. Since no divergence currently exists, the Ultimate Oscillator is neutral.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 5 bar moving average, is DOWN. A new low here was confirmed by an accompanying new low for the Ultimate Oscillator. Since no divergence exists, the Ultimate Oscillator is neutral. Still, the recent declines in the Ultimate Oscillator may give some indication of a continued market selloff.

Williams Acc-Dis Indicator:

Conventional Interpretation:

Signals are generated by examining divergences between Williams' Accumulation - Distribution and the underlying market. A new high in the market which is not accompanied by a similar new high in the indicator is considered bearish. Similarly, it is bullish when the market has reached a new low without a new low in the indicator. The market has reached a 9 bar new low here which has been confirmed by a similar low in Williams' A/D. No signal is generated here.

Additional Analysis:

No additional analysis.

Open Interest Indicator:

Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

ADXR Indicator:

Conventional Interpretation:

ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is down. A falling ADX indicates that the current trend is weakening and may possibly reverse. Look for a choppy market ahead.

Accum Distribution Indicator:

Conventional Interpretation:

Accumulation Distribution attempts to identify the beginning of a Bull or Bear market move by looking at divergences between Acc-Dis and the underlying market. A major divergence occurs when the market reaches a 45 bar high or low without a similar move in Accumulation Distribution. No divergence currently exists.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 5 bar moving average, is DOWN. A 5 bar new low here was confirmed by a similar new low for Acc-Dis. Since no divergence exists, Acc-Dis is neutral. Still, the recent declines in Acc-Dis may give some indication of a continued market selloff.

AccumSwingIndex Indicator:

Conventional Interpretation:

No interpretation available.

Additional Analysis:

No Additional Analysis.

AvgTrueRange Indicator:

Conventional Interpretation:

Average True Range measures relative volatility. Most analysts associate periods of relatively low volatility with market bottoms, while periods of higher than average volatility tend to indicate market tops.

Additional Analysis:

No additional analysis.

Bollinger Bands Indicator:

Conventional Interpretation:

The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis:

The market appears oversold, but may continue to become more oversold before reversing. Look for some price strength before taking any bullish positions based on this indicator.

CCI Average Indicator:

Conventional Interpretation:

CCI (-43.5) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis:

CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-43.5) is currently short. The current short position will be reversed when the CCI crosses above zero.

Chaikin Oscillator Indicator:

Conventional Interpretation:

The Chaikin Oscillator generates a signal when the underlying asset reaches a new high or new low which is unconfirmed by a similar new high or new low in the oscillator.

Additional Analysis:

No additional analysis.

Comm Channel Index Indicator:

Conventional Interpretation:

CCI (-43.5) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis:

CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-43.5) is currently short. The current short position will be reversed when the CCI crosses above zero.

Comm Channel Index Indicator:

Conventional Interpretation:

CCI (-43.5) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis:

CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-43.5) is currently short. The current short position will be reversed when the CCI crosses above zero.

Comm Sel Index Indicator:

Conventional Interpretation:

The Commodity Selection Index (37.90) is used to measure the relative trending and volatility characteristics of a security. A higher relative value indicates a security with better trending and volatility characteristics, while a lower value is less attractive. Since using CSI involves examining relative CSI values among a group of securities, this indicator is best used by applying it to multiple securities.

Ease of Movement Indicator:

Conventional Interpretation:

Ease of Movement generates a signal when it crosses zero. Here the indicator has crossed above zero generating a bullish signal.

Additional Analysis:

No additional analysis

HPI Indicator:

Conventional Interpretation:

HPI is currently neutral.

Additional Analysis:

MassIndex Indicator:

Conventional Interpretation:

Mass Index signals a price reversal when the index line crosses above the setup line (27.0) and subsequently falls below the trigger line (26.5).

Additional Analysis:

Currently, the Mass Index is at 22.9.

On Balance Volume Indicator:

Conventional Interpretation:

On Balance Volume attempts to identify the beginning of a Bull or Bear market move by looking at divergences between OBV and the underlying market. No major divergence currently exists. A major divergence occurs when the market reaches a 45 bar high or low which is not accompanied by a similar move in On Balance Volume.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 5 bar moving average, is DOWN. A 5 bar new low here was confirmed by a 5 bar new low for OBV. Since no divergence exists, OBV is neutral. Still, the recent declines in OBV may give some indication of a continued market selloff.

Rate of change Indicator:

Conventional Interpretation:

Rate of Change (-0.7) is below zero, indicating an oversold market.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is in bearish territory.

Volatility Indicator:

Volatility is trending up based on a 9 bar moving average.

Weighted Close Indicator:

Conventional Interpretation:

The weighted close is often a better input in indicators which rely on closing price, as it offers a better indication of market price throughout the session than does the closing price.

Additional Analysis:

Here we construct a simple moving average based on weighted close instead of close, and use this moving average to determine trend.The moving average is up bar over bar but the weighted close is below the moving average, making the trend unclear.The positive trend of the last bar remains in place.

MACD Indicator:

Conventional Interpretation:

MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bullish territory. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars.

RSI Indicator:

Conventional Interpretation:

RSI is in neutral territory. (RSI is at 38.97). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis:

RSI is somewhat oversold (RSI is at 38.97). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

Volume Indicator:

Conventional Interpretation:

No indications for volume.

Additional Analysis:

The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is DOWN. Volume is trending higher, allowing for a pick up in volatility.

Momentum Indicator:

Conventional Interpretation:

Momentum (-1.5) is below zero, indicating an oversold market.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is in bearish territory.

Stochastic - Fast Indicator:

Conventional Interpretation:

The stochastic is bearish because the FastK line is below the FastD line.

Additional Analysis:

The long term trend is DOWN. The market looks weak. FastK is at (50.00). A good downward move is possible without FastK being oversold.

Stochastic - Slow Indicator:

Conventional Interpretation:

The SlowK line crossed below the SlowD line; this indicates a sell signal.

Additional Analysis:

The long term trend is DOWN. The market looks weak both long term and short term. The SlowK is at (57.92). A good downward move is possible without SlowK being oversold.

ADX Indicator:

Conventional Interpretation:

ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is falling.

Additional Analysis:

The long term trend, based on a 45 bar moving average, is down. A falling ADX indicates that the current trend is weakening and may possibly reverse. Look for a choppy market ahead.

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Last Modified: February 9, 1999
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