NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Aug 16, 2014 09:45 AM CDT

Brent Crude Oil: The spot-month contract closed $1.49 lower. The secondary (intermediate-term) trend is down. However, after falling to a new low of $101.92 the spot-month contract rallied to close at $103.53, near technical price support of $103.61. This price marks the 67% retracement level of the previous uptrend from $96.75 through the high of $117.34. Weekly stochastics are below the oversold level of 20%, meaning a bullish crossover could be seen in the near future.

Crude Oil: The spot-month contract closed $0.30 lower. The secondary (intermediate-term) trend remains down. Similar to Brent crude though, the spot-month contract rallied off ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Herd Booster In 1935, in an effort to help ranchers hit hard by the Dust Bowl, the U.S. government bought 547 ...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Taxlink by Andy Biebl What farmers consider a hedge may be speculation in the eyes of IRS -- and that significantly alt...
  • Woodbury: Family Business Matters Consider whether you want your legacy to be measured by the size of your bank account, your inves...
  • Ask the Vet Some tips on fly control.
Related News Stories
(none currently available)