Richard Weissman

The One, Two, Three of Support and Resistance

Aug 23, 2021

I love creating sayings that drive home truths in technical analysis. One of my favorites has always been:

“First test good,

second okay,

third go the other way.”

So, what does it means? It means that the first test... more

Is December 2021 Corn Poised for a Breakout?

Jul 26, 2021

Since the May 7th high at $6.38/bu., CME Group December 2021 Corn futures have been trading in a sideways albeit large trading range with the $6.10-$6.38 area as resistance and $5.00-$5.15 area as support (See Figure 1 below).

Recent ADX... more

Will Biodiesel Demand Lead to a Paradigm Shift in Soybean Oil?

Jun 09, 2021

Prices for the actively traded July 2021 CME Group soybean oil futures reached all-time new highs in recent trading sessions (see Figure 1), spurred by increasing demand from the biofuels industry, a big piece of President Biden’s call to cut... more

The Commodity Supercycle is Priced in US Dollars

Mar 01, 2021

Over the past few months there’s been an increasing buzz about commodity prices… grains, crude oil, industrial and precious metals have all broken to the upside and one of the most uttered phrases on my newsfeed has been, “commodity supercycle”.... more

CME Group 2021 Corn – A Tale of Two Markets

Feb 01, 2021

Most commercial hedgers begin their analysis and hedge decisions with a look at the long-term trend and this means a monthly continuation chart (aka rolling front-month futures chart). As of January 29, 2021., this is what that chart was showing... more

Trading the News, Fading the News

Apr 27, 2016

This article examines how technical analysis can aid in trading around news events. One of the biggest misconceptions is that technical analysis is a “standalone” method and therefore, incompatible with fundamental analysis. How do I combine... more

Following the Path of Least Resistance

Nov 03, 2014

This article will try to illuminate why most retail traders fail at speculative trading. I would argue that the simplest reason for failure is that they are fighting the path of least resistance. Looking at the chart below (Figure 1) of the spot... more

Short-Term Trading Techniques with CQG's Time-Based TFlow

May 28, 2014

Many speculative traders are attracted to short-term or intraday trading for a wide array of reasons. These reasons include the fact that trades executed are typically lower risk as well as superior winning percentages when compared to trades... more

Two Volatility Indicators Are Better Than One

Aug 06, 2012

Although most mathematical technical indicators focus on capitalizing on either trending behavior by using tools like moving averages (see Trend Following Kept Simple: The 200-Day Simple Moving Average) or on counter-trending action through... more

Identifying Trend Changes Using the Guppy Multiple Moving Average

Jun 04, 2012

Daryl Guppy developed a trend-following technique using twelve exponentially-weighted moving averages. The twelve periods featured in his books are 3, 5, 8, 10, 12, 18, 30, 35, 40, 45, 50, and 60. The 3-, 5-, 8-, 10-, 12-, and 18-period... more