This Week in Trend – 12 July 2024 : “Batten Down the Hatches”
Trend followers have had a rewarding week as the Trend Barometer has slightly risen to 36, indicating a more favorable trading environment. This week has seen significant price movements that reinforce existing trends, providing a buoyant atmosphere for those employing systematic trading strategies. The SG Trend Index has also shown an increase of 1.87% for the month of July.
The week was characterized by clear signals across various asset classes, with bearish trends solidified in wheat, canola, and soybean oil, while bullish trends in coffee and orange juice were validated. These developments highlight the importance of staying informed and adaptable in navigating the futures markets.
Read the full article for a comprehensive analysis and insights into leveraging these market dynamics effectively.