CPO: Breakout. Should go back down to test the breakout.
Crude Oil: Fake buy signal (refer to to my previous post). Looks like strong selling at 80.00. I still think that crude oil will hit 100 because the weekly RSI is in the 60s (bullish) but not yet hit 70s (overbought). I just don't know when.
The summary for the rest:
|Crude Palm Oil||Neutral||Up||Up|
|Rough Rice||Up||Up||Up (+)|
One thing that I observe is that grain price are going up again (i.e. soybeans, wheat, oat, rice). Is this due to a weak USD or falling grain supply?