Swing Maturity
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Tocom RSS3 6th Month Forward Swing Maturity Chart as at 2008 November 19

The blue line oscillates between 0 and 100. Readings of 20 and below signal over-sold condition; 80 and above over-bought condition. 
The
pink bars show how far the closing prices had deviated above the mean, i.e. showing the extent of bullishness.
The
yellow bars how far closings had deviated below the mean, i.e. the extent of bearishness.  

                                                                            3d animated red on yellow next arrow sign

18-11-2008: Contrarian bet for short term rebound to 225 better than one month ago!
17-10-2008: Down-swing looks ripe for technical rebound to 225 probable from current 169 region
08-10-2008: While mkt is extremely oversold, any rally would be mild given the bearish momentum
29-09-2008: RSI may retreat below 20, until then downward pressure persists
19-09-2008: Further downside movement before we see oversold situation
03-09-2008: September is peak Thai production month; more downside risks and potential expected
29-8-2008: 324 tested today which level could provide some resistance to the current rally
15-8-2008: Oversold condition; any rally to 315 to relieve situation not surprising
07-8-2008: In the next few days, if contract oversells to 310, then a 15-20 jpy/kg rally may follow
27-6-2008: New high price not confirmed by RSI which stays at 60% region - expect correction to follow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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