Grains and soybeans on a roll

While the world has been worried about stocks and interest rates and the value of the U.S. dollar, guess which markets have quietly moved up to levels few expected to see again this soon.

•It’s not the $13 wheat seen at the end of February, but wheat futures have climbed up to $6 a bushel after an early-December low of $4.55. Corn and soybeans have made similar moves.

•In view of the move away from commodity investments by funds and money managers, is it a real rally or just a thin holiday market rally that sets the markets up for the seasonal “February break”?

•On Jan. 12, USDA releases several big reports: the annual summary of crop production, grain stocks providing the first reading on this season’s usage and the first estimate of winter wheat seedings, all of which could be market-moving.

•Although the rally may have caught many by surprise, VantagePoint indicators spotted its early stages, as the predicted moving average (blue line) turned up (red circle) and crossed above the actual moving average (black line), a bullish crossover signal.

•The predicted neural index shifted from 0.00 (bearish) to 1.00 (bullish) a day after the low (1-gray line), supporting a bullish moving average signal.

•The predicted short-term (red line) and predicted long-term (green line) differences turned higher and moved above the zero line (2), more bullish support.

About VantagePoint Intermarket Analysis Software:
-Forecasts are nearly 80%* accurate

-Uses leading indicators to anticipate market direction

-Thousands of customers in over 90 countries worldwide

-VantagePoint is offered by Market Technologies, an Inc. 500 company founded in 1979

To see more FREE recent market predictions go here!