CLASS III MILK

- USD (-)

- 10 min delayed data - CME Globex Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	DCXXXX
ISIN:	DCXXXX

CLASS III MILK - Daily - Technical analysis published on 05/06/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

28%

39%

My opinion

Bullish above 24.14 USD

My targets

24.64 USD (+1.03%)

25.80 USD (+5.78%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 24.14 USD remains possible. It is advisable to trade CLASS III MILK with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 24.14 USD. The next bullish objective for buyers is set at 24.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.80 USD. If there is any crossing, the next objective would be the resistance located at 28.33 USD. PS: if there is a bearish break in the support located at 24.14 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CLASS III MILK price is 24.39 USD. The price is lower by -1.10% since the last closing with the lowest point at 24.24 USD and the highest point at 24.40 USD. The deviation from the price is +0.62% for the low point and -0.04% for the high point.

24.24

24.40

24.39

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of CLASS III MILK in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.26	23.57	24.14	24.39	25.80	28.33	31.01
Change (%)	-8.73%	-3.36%	-1.03%	-	+5.78%	+16.15%	+27.14%
Change	-2.13	-0.82	-0.25	-	+1.41	+3.94	+6.62
Level	Intermediate	Major	Minor	-	Intermediate	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.54	23.89	24.27	24.62	25.00	25.35	25.73
Camarilla	24.46	24.53	24.59	24.66	24.73	24.79	24.86
Woodie	23.57	23.90	24.30	24.63	25.03	25.36	25.76
Fibonacci	23.89	24.17	24.34	24.62	24.90	25.07	25.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.03	23.52	24.01	24.50	24.99	25.48	25.97
Camarilla	24.22	24.31	24.40	24.49	24.58	24.67	24.76
Woodie	23.02	23.52	24.00	24.50	24.98	25.48	25.96
Fibonacci	23.52	23.90	24.13	24.50	24.88	25.11	25.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.43	22.55	23.52	24.64	25.61	26.73	27.70
Camarilla	23.92	24.11	24.30	24.49	24.68	24.87	25.07
Woodie	21.36	22.51	23.45	24.60	25.54	26.69	27.63
Fibonacci	22.55	23.35	23.84	24.64	25.44	25.93	26.73

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.98
MACD (12,26,9):	0.0300
Directional Movement:	1.11
AROON (14):	-78.57
DEMA (21):	24.53
Parabolic SAR (0,02-0,02-0,2):	25.20
Elder Ray (13):	-0.12
Super Trend (3,10):	23.78
Zig ZAG (10):	24.39
VORTEX (21):	0.9600
Stochastique (14,3,5):	46.17
TEMA (21):	24.37
Williams %R (14):	-44.59
Chande Momentum Oscillator (20):	0.25
Repulse (5,40,3):	1.8400
ROCnROLL:	-1
TRIX (15,9):	0.0600
Courbe Coppock:	3.71

MA7:	24.38
MA20:	24.60
MA50:	24.18
MA100:	23.45
MAexp7:	24.40
MAexp20:	24.44
MAexp50:	24.12
MAexp100:	23.43
Price / MA7:	+0.04%
Price / MA20:	-0.85%
Price / MA50:	+0.87%
Price / MA100:	+4.01%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.20%
Price / MAexp50:	+1.12%
Price / MAexp100:	+4.10%

Quotes : - 10 min delayed data - CME Globex Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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