Month: May 2022

CJS Oilseeds Monday Tech Magik

Post author By host_amy
Post date 2022-05-30

Oilseeds Report

30 May 2022

Weekly CBOT Soybean Continuous Close

To all those that took profit, congratulations!

Although this chart still has upside we are happy to stay out until further notice because I feel this will be the charts last leg higher!

240 Min CBOT July 22 Soybean Candle Chart

To all those that took profit, congratulations!

Although this chart still has upside we are happy to stay out until further notice because I feel this will be the charts last leg higher!

Board Crush Continuous Daily Close

I am not normally a bottom picker, but sometimes the opportunity is just too great to pass up.

This is one of those times and I will buy this chart at best and scale down to $0.85.

Oil Share Continuous Daily Close

We are now patiently waiting to buy this chart and even though it is oversold, I am not happy with the overall formation and hence we remain waiting.

Weekly SAF Soy Continuous Close

There remains no reason to sell this chart but a pullback appears to be well on the cards. – as we are currently experiencing.

We are waiting for buying opportunities R400 – R600 lower.

Weekly SAF Suns Continuous Close

Technically I am now waiting to sell a rally R300 – R600 higher!

R11 400 – R11 700 in the July 2022 contract.

Weekly CBOT Soy Oil Continuous Close

I would allow the market play out for a good few weeks.

Weekly CBOT SBM Continuous Close

This chart is wild and I would stay out for at least another 2 weeks while allowing the chart to play out.

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CJS Grains Monday Tech Magik

Post author By host_amy
Post date 2022-05-30

Grains Report

30 May 2022

Weekly Corn Continuous Close

#No Change in Commentary

After doing some seriously LT tech research, this is the very first chart I have seen that has an 11.08 extension and its with this in mind that I feel we will have a multi week correction that eventually comes and prints the low $7.00 levels again.

I remain bullish in the greater scheme of things and a pullback of this nature would be seen as a magnificent buying opportunity.

240 Min July 22 Corn Candle Chart Close

The chart has made a low in the $7.50’s and kicked well off those levels.

I am now very unsure if this chart will kick from here or look at testing the ST low again, but either way I still favour buying a dip.

I would only look to hold onto positions for $0.30 and no more as volatility is here to stay in a very big way.

Weekly WM Continuous Close

#No Change in Commentary

There remains ZERO technical reason to sell this chart, but its could easily experience a R250 downside correction.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly YM Continuous Close

#No Change in Commentary

The techs looks really good and I cannot find a reason to be short this chart even tough it could pullback R250 from here quite easily.

We could easily see the price rally from here.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly KC Wheat Continuous Close

I would advise sitting out until further notice as the risk of a deep pullback is very high.

Weekly Chicago SRW Wheat Continuous

I would take profit on all longs and go square as the risk of a deep pullback is pretty high.

Weekly Close KC Wheat v Chicago SRW Continuous Close

I want to buy this chart at $0.60!

The chart REMAINS overbought on a weekly basis

Weekly SAF Wheat Continuous Close

Should this current formation hold we will not be too far away from a buying opportunity.

I would however like this to correlate with the chart being oversold and hence will sit on the side line for now.

Daily Matif Wheat Continuous Close

#No Change in Commentary

I would take profits on all longs and go square!

This formation is ugly AF and could cost you!

Uncategorized

CJS FX and FI Monday Tech Magik

Post author By host_amy
Post date 2022-05-30

FX & FI Technicals

30 May 2022

Dollar/Rand Weekly Close

The ZAR has clawed back some of its losses and I now feel we are in a multi week correction.

This correction will have a range of R15.40 – R16.30, which is massive but I would want to own the bottom of the range.

Otherwise my general view has not changed.

I still see the below taking place over time, with these comments having been posted here for many weeks!

What I see is R11.50 over the next 17 months.

I am convinced that the ZAR is in a multi-year corrective phase vs. the USD and that from today on, all upward spikes on this chart are well worth a short!

This chart could easily have a leg higher and trade toward the R16.77 level in the coming weeks. – I would use this as a USD selling opportunity. – we look well on our way to these levels!

I am happy to be long the Dollar down to the R14.40’s. – this view is playing out brilliantly and we would only take profit at R16.44!

Dollar/Rand Daily Candle

This chart is now very much in a corrective phase.

I remain an advocate of buying the dips and a move back into the R15.40’s would be a great buying opportunity.

The last leg higher that I have been waiting for, and the one we are currently in, could see the chart trade as high as R17.29.

I am sure should this transpire, the pundits will be screaming for R22.00 and above, do not get sucked in as we could turn around at anytime and this remains my LT view that once this leg higher is done we will strengthen significantly.

Dollar/Rand 240 min Candle

#No Change in Commentary

We have had to move the pullback level up to R15.71 – R15.56 due to the extended rally. We would most certainly look to buy a pullback! – traded as low as R15.41 and we are now long and looking to sell at R16.44.

Euro/USD Weekly Close

#No Change in Commentary

This chart’s support has held and although I feel there is a kick in it, I am not convinced the downside is over.

Hence I will be looking to sell a rally over $1.0750!

US Dollar Index Weekly Candle

#No Change in Commentary

The chart is now coming off the highs and this will only be a consolidation until it rallies again.

This chart needs another leg higher once this correction is over.

SA Government Bond 30 Year Yield Daily Close

#No Change in Commentary

After a massive rally we have had a really good pullback, I still however fancy this chart to print over 11.40% in the coming months.

US Government Bond 30 Year Yield Weekly Close

#No Change in Commentary

This chart is in a corrective phase and will have another leg higher.

We would love to buy sub 2.8%!

Uncategorized

CJS Oilseeds Monday Tech Magik

Post author By host_amy
Post date 2022-05-23

Oilseeds Report

23 May 2022

Weekly CBOT Soybean Continuous Close

To all those that bought the sub $16.00 dip in size, well done!

Now I want to advise taking profit, as the current formation feels very 50/50 to me.

240 Min CBOT July 22 Soybean Candle Chart

To all those that bought the sub $16.00 dip in size, well done!

Now I want to advise taking profit, as the current formation feels very 50/50 to me.

Board Crush Continuous Daily Close

Currently I am happy to sit out of this market for now as this chart is ugly as hell.

Oil Share Continuous Daily Close

We are now patiently waiting to buy this chart!

Weekly SAF Soy Continuous Close

There remains no reason to sell this chart but a pullback appears to be well on the cards. – as we are currently experiencing.

We are waiting for buying opportunities R400 – R600 lower.

Weekly SAF Suns Continuous Close

Technically I am now waiting to sell a rally R300 – R600 higher!

Weekly CBOT Soy Oil Continuous Close

I would allow the market play out for a good few weeks.

Weekly CBOT SBM Continuous Close

For those that bought the dip and sold on the rally, congratulations at getting out unscathed.

Now is the time to do nothing and wait for the chart to play out.

Uncategorized

CJS Grains Monday Tech Magik

Post author By host_amy
Post date 2022-05-23

Grains Report

23 May 2022

Weekly Corn Continuous Close

I remain bullish in the greater scheme of things and a pullback of this nature would be seen as a magnificent buying opportunity.

240 Min July 22 Corn Candle Chart Close

After failing to hold the expanding triangle this chart now seems more classical than before.

We should now look to trade down to the low $7.60’s before kicking again.

I would only look to hold onto positions for $0.30 and no more as volatility is here to stay in a very big way.

Weekly WM Continuous Close

#No Change in Commentary

There remains ZERO technical reason to sell this chart, but its could easily experience a R250 downside correction.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly YM Continuous Close

#No Change in Commentary

The techs looks really good and I cannot find a reason to be short this chart even tough it could pullback R250 from here quite easily.

We could easily see the price rally from here.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly KC Wheat Continuous Close

For those that were long and took profits well done!

I would now advise sitting out until further notice.

Weekly Chicago SRW Wheat Continuous

For those that were long and took profits well done and for those waiting there is every chance that this chart will make a new high.

Weekly Close KC Wheat v Chicago SRW Continuous Close

I want to buy this chart at $0.60!

The chart REMAINS highly overbought on a weekly basis

Weekly SAF Wheat Continuous Close

#No Change in Commentary

This chart has had a great rally and although we missed our buy levels, for those that are long, this may not be a bad time to take some risk off the table.

Daily Matif Wheat Continuous Close

I would take profits on all longs and go square!

This formation is ugly AF and could cost you.

Uncategorized

CJS FX and FI Monday Tech Magik

Post author By host_amy
Post date 2022-05-23

FX & FI Technicals

23 May 2022

Dollar/Rand Weekly Close

After being under the pump last week again, the ZAR seems to have clawed back some of its losses and I now feel we are in a multi week correction.

This correction will have a range of R15.40 – R16.30, which is massive but I would want to own the bottom of the range.

Otherwise my general view has not changed.

I still see the below taking place over time, with these comments having been posted here for many weeks!

What I see is R11.50 over the next 17 months.

I am convinced that the ZAR is in a multi-year corrective phase vs. the USD and that from today on, all upward spikes on this chart are well worth a short!

I am happy to be long the Dollar down to the R14.40’s. – this view is playing out brilliantly and we would only take profit at R16.44!

Dollar/Rand Daily Candle

After massive volatility this chart is now very much in a corrective phase and could easily whiplash the USD longs in the next week.

I remain an advocate of buying the dips and a move back into R15.40’s would be a great buying opportunity.

The last leg higher that I have been waiting for and the one we are currently in could see the chart trade as high as R17.29.

Dollar/Rand 240 min Candle

#No Change in Commentary

This chart is super bullish and should it have another pullback from R15.88 – R15.70, the chart will have formed a massive inverted H&S and this would be considered another massive buying opportunity!

Euro/USD Weekly Close

This chart’s support has held and although I feel there is a kick in it, I am not convinced the downside is over.

Hence I will be looking to sell a rally over $1.0750!

US Dollar Index Weekly Candle

The chart is now coming off the highs and this will only be a consolidation until it rallies again.

This chart needs another leg higher once this correction is over.

SA Government Bond 30 Year Yield Daily Close

After a massive rally we have had a really good pullback, I still however fancy this chart to print over 11.40% in the coming months.

US Government Bond 30 Year Yield Weekly Close

This chart is in a corrective phase and will have another leg higher.

We would love to buy sub 2.8%!

Uncategorized

CJS Grains Monday Tech Magik

Post author By host_amy
Post date 2022-05-10

Grains Report

10 May 2022

Weekly Corn Continuous Close

We are now officially within the pullback range, and I would look to get long at current levels down to $0.30 lower.

I remain bullish in the greater scheme of things and am now happy to buy a pullback and hoping its goes lower before the weekend.

240 Min July 22 Corn Candle Chart Close

This chart has now traded $0.10 lower than its downside target and now currently only has two outcomes:

# 1 – this chart extents down to $7.50 before looking to rally again.

# 2- it rallies from here and is a widening triangle that tops and tails blokes until they have no ammo left.

I would buy a dip as the upside targets will be over the $9.00 level.

Weekly WM Continuous Close

#No Change in Commentary

There remains ZERO technical reason to sell this chart, but its could easily experience a R250 downside correction.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly YM Continuous Close

#No Change in Commentary

The techs looks really good and I cannot find a reason to be short this chart even tough it could pullback R250 from here quite easily.

We could easily see the price rally from here.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly KC Wheat Continuous Close

After a really good rally over the last week, I would now take profits and go square!

Weekly Chicago SRW Wheat Continuous

I am bullish this chart and would take profit $0.40 higher!

Weekly Close KC Wheat v Chicago SRW Continuous Close

I want to buy this chart at $0.60!

The chart REMAINS highly overbought on a weekly basis

Weekly SAF Wheat Continuous Close

#No Change in Commentary

This chart has had a great rally and although we missed our buy levels, for those that are long, this may not be a bad time to take some risk off the table.

Daily Matif Wheat Continuous Close

After a massive rally take the cash as the ST top might well be in!

Uncategorized

CJS FX and FI Monday Tech Magik

Post author By host_amy
Post date 2022-05-10

FX & FI Technicals

10 May 2022

Dollar/Rand Weekly Close

I have no words for the amount of volatility the ZAR is experiencing within the shortest time frames!

Hope you are all keeping a cool head?

I still see the below taking place over time, with these comments having been posted here for many weeks!

What I see is R11.50 over the next 17 months.

I am convinced that the ZAR is in a multi-year corrective phase vs. the USD and that from today on, all upward spikes on this chart are well worth a short!

I am happy to be long the Dollar down to the R14.40’s. – this view is playing out brilliantly and we would only take profit at R16.44!

Dollar/Rand Daily Candle

WOW, I am catching my breath after a week’s volatility rarely experienced without significant local political turmoil.

I expect R16.33 to provide some good ST resistance and now that the rally is extending, the pullback level has been raised to R15.56 from R15.30. – this pullback level was spot on!

The last leg higher that I have been waiting for and the one we are currently in could see the chart trade as high as R17.29.

I am sure should this transpire, the pundits will be screaming for R22.00 and above, do not get sucked in as we could turn around at anytime and this remains my LT view that once this leg higher is done we will strengthen significantly.

Dollar/Rand 240 min Candle

Euro/USD Weekly Close

#No Change in Commentary

This chart is on a tear but does have some really good support around $1.0452.

The chart is oversold on a Weekly basis and this combined with the support would rather have me square here.

US Dollar Index Weekly Candle

#No Change in Commentary

New highs last witnessed 16 years ago, wow!

All I can say is that this chart is now grossly overbought but that I would not pick tops!

SA Government Bond 30 Year Yield Daily Close

The chart remains range-bound but we feel the move higher towards the top of the range at 11.40% and even as high as 12.00% is on the cards before looking to start a severe leg lower to sub 9.00%. The chart remains range-bound but we feel the move higher towards the top of the range at 11.40% and even as high as 12.00% is on the cards before looking to start a severe leg lower to sub 9.00%.

US Government Bond 30 Year Yield Weekly Close

This chart remains grossly overbought.

This combined with the need for a pullback and potential divergence, screams stay out for now!

Uncategorized

CJS Oilseeds Monday Tech Magik

Post author By host_amy
Post date 2022-05-10

Oilseeds Report

10 May 2022

Weekly CBOT Soybean Continuous Close

#No Change in Commentary

All the pullbacks REMAIN buying opportunities, as $15.84 should provide massive support. – looking good so far!

I would use a move to sub $16.00 to get long in size as this rodeo is far from over!

240 Min CBOT July 22 Soybean Candle Chart

#No Change in Commentary

The 240 min chart is clearly busy making a correction and based on its current formation we could be headed to $15.75. – looking very good to date!

A move of this nature would be considered a massive buying opportunity and I would even look at buying here downscale.

Board Crush Continuous Daily Close

Currently I am happy to sit out of this market for now.

Oil Share Continuous Daily Close

I got the below completely wrong and I do not have much to say other than the chart is overbought.

Based on the current formation this chart could come down significantly before heading higher, hence we are happy to wait. – going lower was way wrong!

Weekly SAF Soy Continuous Close

There remains no reason to sell this chart but a pullback appears to be well on the cards. – as we are currently experiencing.

We are waiting for buying opportunities R400 – R600 lower.

Weekly SAF Suns Continuous Close

#No Change in Commentary

Technically I am very confused and will be happy to sit on the side line until further notice.

Weekly CBOT Soy Oil Continuous Close

#No Change in Commentary

I would now advise taking your cash and keeping it, while letting the market play out for a good few weeks. – I remain very happy with this view.

Weekly CBOT SBM Continuous Close

We are long after the below commentary and will buy more down to $390, as this market is grossly oversold, and on a rally we will look at getting out over $429 as the overall formation still appears to have some decent MT downside.

This market looks corrective and the oscillator is pretty low and hence we now waiting to buy sub $428!

Uncategorized

CJS Grains Monday Tech Magik

Post author By host_amy
Post date 2022-05-03

Grains Report

03 May 2022

Weekly Corn Continuous Close

I have very little to add this week, but I would however use a $0.20 -$0.35 pullback as a buying opportunity.

I still favour more upside on a weekly close, even though this chart looks like it needs a decent correction, but as with all things Black Swan, who really knows?

I have zero conviction to pick a top.

240 Min July 22 Corn Candle Chart Close

The 240 min chart is in the midst of a correction that should be complete once we print $7.80.

I would buy a dip as the upside targets will be over the $9.00 level.

Weekly WM Continuous Close

There remains ZERO technical reason to sell this chart, but its could easily experience a R250 downside correction.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly YM Continuous Close

The techs looks really good and I cannot find a reason to be short this chart even tough it could pullback R250 from here quite easily.

We could easily see the price rally from here.

If you are a producer and you are reading this, now is your chance to price. – starting to sound like a broken watch

Weekly KC Wheat Continuous Close

I am bullish this chart and want to own it right here, right now and up to $0.80 lower!

Weekly Chicago SRW Wheat Continuous

I am bullish this chart and want to own it right here, right now and up to $1.00 lower!

Weekly Close KC Wheat v Chicago SRW Continuous Close

I want to get long this chart, but will need to wait for a greater pullback than what we are currently experiencing.

The chart REMAINS highly overbought on a weekly basis.

Weekly SAF Wheat Continuous Close

This chart has had a great rally and although we missed our buy levels, for those that are long, this may not be a bad time to take some risk off the table.

Daily Matif Wheat Continuous Close

This chart’s correction is over and I am expecting new highs!