Drozd: Harami alerts hog farmers to downward correction

Reading Time: 3 minutes After rallying up, but failing to fill a gap between $91.475 and $91.650, lean hog prices on the weekly nearby candlestick chart turned back down on Feb. 24. The ensuing reversal pattern (sell signal) that developed is referred to as a harami on a candlestick chart. Lean hog prices have since lost more than six […] Read more



Drozd: Cattle rally to new historical high to begin 2012

Reading Time: 3 minutes Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are continuation, or sideways consolidation patterns, […] Read more


Drozd: How the euro impacts wheat prices

Reading Time: 3 minutes Charting and technical analysis may be likened to reading a price roadmap where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and what their implications are for prices. Classic formations, once identified, will point the way, signal […] Read more




Drozd: Harami predicted strong U.S. dollar weighing on grain prices

Reading Time: 3 minutes You’d be hard pressed to find anyone this summer who wasn’t aware of the United States’ escalating debt, increasing unemployment and home foreclosures that produced the current economic slowdown we’re in. All summer, as news grew increasingly bearish, with newspaper headlines suggesting the greenback was about to crash and burn, more and more market analysts […] Read more