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MARGRAF ON THE MARKETS
TECHNICAL ANALYSIS
Intermediate Trends
Unless specified otherwise, futures are: Energy–November '97, others–September '97.
Strong Up: Canola, natural gas, palladium, Mexican Peso.
Erratic/Early/Weak Up: October and December live cattle, October sugar 11, crude oil, gasoline, heating oil.
Sideways/Erratic: September and July CBT, KC and MGE wheat, September and December corn, oats, rice, September and November soybeans, soy-meal, soy-oil, October cotton, feeder cattle, October and December hogs, August and February pork bellies, coffee “C”, November COB electricity, October gold, silver, lumber, U.S. Dollar Index, Japanese Yen, Canadian Dollar, Australian Dollar, short-term interest rates (financials), November CRB Index, Goldman-Sachs Index.
Erratic/Early/Weak Down: Cocoa, orange juice, November sugar 14, October platinum, copper, British Pound, intermediate- and long-term interest rates (financials), all U.S. stock indexes, Nikkei 225.
Strong Down: German D-mark, Swiss Franc.
Dew Alert Signals
This week's new trend highs, lows, breakouts, reversals, violations of 50-day moving avg, parabolic, etc. (Both up and down Dew signals are indicated by *.)
Strength: September and July CBT, KC and MGE wheat, oats, canola, sugar 14, crude oil, gasoline, heating oil, natural gas, Mexican Peso.
Weakness: September and November soybeans, feeder cattle, October and December hogs, feb pork bellies, coffee “C”, orange juice, November sugar 14, platinum, copper, lumber, British Pound, Japanese Yen, Canadian Dollar, intermediate- and long-term interest rates (financials), all U.S. stock indexes, Nikkei, CRB.
August 14, 1997Ernest Margraf
Margraf On The Markets
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