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|Technical Thoughts from a Classical Bar Chartist|
|All of the monthly charts have been updated. These include five grain and oilseed charts, three interest rate charts, and Crude Oil (a particularly difficult chart to analyze, given presence of a 'negative number').|
A 'bonus' report on what is currently happening in the Wheat futures and the largest ETF in the agricultural
commodities category (DBA) is included at the end of this week's Gold and Silver Research.
Anyone thinking that commodity inflation might return - should be interested in the DBA chart.
Fundamental news concerning Pfizer (PFE) released After the close on Friday might materially change the'look' of the daily chart. It will not change the long term (bullish) picture - just create a right shoulder of a much larger pattern than the possible Triangle pattern that existed on the daily chart going into Friday's close.
|Updated after the World's Markets close: Friday, May 29. 2020|
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