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 05/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 19.42 USD

My targets

20.50 USD (+2.60%)

21.27 USD (+6.46%)

My analysis

The bullish trend is currently very strong on CLASS III MILK. As long as the price remains above the support at 19.42 USD, you could try to benefit from the boom. The first bullish objective is located at 20.50 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.27 USD as an objective. Crossing it would then enable buyers to target 23.40 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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 19.98 USD. The price has increased by +0.60% since the last closing with the lowest point at 19.88 USD and the highest point at 20.00 USD. The deviation from the price is +0.50% for the low point and -0.10% for the high point.

19.88

20.00

19.98

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CLASS III MILK indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.50	18.68	19.86	19.98	21.27	23.40	25.00
Change (%)	-12.41%	-6.51%	-0.60%	-	+6.46%	+17.12%	+25.13%
Change	-2.48	-1.30	-0.12	-	+1.29	+3.42	+5.02
Level	Major	Minor	Major	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.34	19.50	19.68	19.84	20.02	20.18	20.36
Camarilla	19.78	19.81	19.84	19.87	19.90	19.93	19.96
Woodie	19.36	19.51	19.70	19.85	20.04	20.19	20.38
Fibonacci	19.50	19.63	19.71	19.84	19.97	20.05	20.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.18	18.56	19.22	19.60	20.26	20.64	21.30
Camarilla	19.58	19.68	19.78	19.87	19.97	20.06	20.16
Woodie	18.31	18.63	19.35	19.67	20.39	20.71	21.43
Fibonacci	18.56	18.96	19.21	19.60	20.00	20.25	20.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.08	17.71	18.79	19.42	20.50	21.13	22.21
Camarilla	19.40	19.56	19.71	19.87	20.03	20.18	20.34
Woodie	17.31	17.82	19.02	19.53	20.73	21.24	22.44
Fibonacci	17.71	18.36	18.77	19.42	20.07	20.48	21.13

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	65.16
MACD (12,26,9):	0.4500
Directional Movement:	16.07
AROON (14):	-14.29
DEMA (21):	19.71
Parabolic SAR (0,02-0,02-0,2):	18.43
Elder Ray (13):	0.60
Super Trend (3,10):	18.62
Zig ZAG (10):	19.97
VORTEX (21):	1.1200
Stochastique (14,3,5):	90.24
TEMA (21):	19.80
Williams %R (14):	-1.21
Chande Momentum Oscillator (20):	1.47
Repulse (5,40,3):	1.5500
ROCnROLL:	1
TRIX (15,9):	0.3500
Courbe Coppock:	3.61

MA7:	19.47
MA20:	19.25
MA50:	18.13
MA100:	17.51
MAexp7:	19.57
MAexp20:	19.10
MAexp50:	18.39
MAexp100:	18.01
Price / MA7:	+2.62%
Price / MA20:	+3.79%
Price / MA50:	+10.20%
Price / MA100:	+14.11%
Price / MAexp7:	+2.10%
Price / MAexp20:	+4.61%
Price / MAexp50:	+8.65%
Price / MAexp100:	+10.94%

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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