DTT Buzz

There looks to be some nice technical formations setting up in futures, any of which could alter financial markets over the coming weeks.

From the top: Wheat futures look to be forming a head and shoulders reversal, signaling that wheat could be setting up to pullback toward 500. The S&P 600 SmallCap futures are putting pressure on their downtrend/ stabilizing around 345; signaling they could be setting up to rally toward 420-430. Finally, the Euro FX futures are putting pressure on the 1.6 level, suggesting the Euro is setting up to rally against the USD over the coming months; a breakout could cause a rally toward 1.75 and substantially erode the USD.

Keith Greff
DTT Trader/ Analyst