Comments on: A Look at the Recent Fall in Potash POT Dec 20 http://blog.afraidtotrade.com/a-look-at-the-recent-fall-in-potash-pot-dec-20/ Helping traders overcome fears and emotions in trading Thu, 09 Sep 2010 01:20:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: cbcafe http://blog.afraidtotrade.com/a-look-at-the-recent-fall-in-potash-pot-dec-20/comment-page-1/#comment-213469 cbcafe Tue, 22 Dec 2009 11:37:07 +0000 http://blog.afraidtotrade.com/?p=5252#comment-213469 Wasn't POT rumoured a couple weeks back about to be bought out ? maybe the combo of the slowing commodoties markets and delay in something happening is what killed the price. No doubt it was definitley overbought. Looks like an entry point soon as the bottom looks close at hand. Wasn't POT rumoured a couple weeks back about to be bought out ? maybe the combo of the slowing commodoties markets and delay in something happening is what killed the price. No doubt it was definitley overbought. Looks like an entry point soon as the bottom looks close at hand.

]]> By: cbcafe http://blog.afraidtotrade.com/a-look-at-the-recent-fall-in-potash-pot-dec-20/comment-page-1/#comment-211696 cbcafe Tue, 22 Dec 2009 05:37:07 +0000 http://blog.afraidtotrade.com/?p=5252#comment-211696 Wasn't POT rumoured a couple weeks back about to be bought out ? maybe the combo of the slowing commodoties markets and delay in something happening is what killed the price. No doubt it was definitley overbought. Looks like an entry point soon as the bottom looks close at hand. Wasn't POT rumoured a couple weeks back about to be bought out ? maybe the combo of the slowing commodoties markets and delay in something happening is what killed the price. No doubt it was definitley overbought. Looks like an entry point soon as the bottom looks close at hand.

]]> By: Bob http://blog.afraidtotrade.com/a-look-at-the-recent-fall-in-potash-pot-dec-20/comment-page-1/#comment-211684 Bob Mon, 21 Dec 2009 11:04:58 +0000 http://blog.afraidtotrade.com/?p=5252#comment-211684 Potash (POT) is a fertilizer mining company producing a core commodity used by agriculture and is closely tied to oil (petroleum based fertilizers) and the USD. Of late, POT price action has moved inverse to the USD, as have most other commodities. However, Oil has recent bounced and price there is running counter to the trend (at the moment this seems odd). As a result of Oils strength, POT should be getting some degree of support.<br><br>Watch the USD and Oil closely this week to confirm POT price directionality. <br><br>Q's? Is Oil signaling a reversal of the USD and POT? Will Oil reverse and confirm a greater USD rally yet to come and lower POT prices? Hmmm. Potash (POT) is a fertilizer mining company producing a core commodity used by agriculture and is closely tied to oil (petroleum based fertilizers) and the USD. Of late, POT price action has moved inverse to the USD, as have most other commodities. However, Oil has recent bounced and price there is running counter to the trend (at the moment this seems odd). As a result of Oils strength, POT should be getting some degree of support.

Watch the USD and Oil closely this week to confirm POT price directionality.

Q's? Is Oil signaling a reversal of the USD and POT? Will Oil reverse and confirm a greater USD rally yet to come and lower POT prices? Hmmm.

]]> By: twc2009 http://blog.afraidtotrade.com/a-look-at-the-recent-fall-in-potash-pot-dec-20/comment-page-1/#comment-211681 twc2009 Mon, 21 Dec 2009 02:24:50 +0000 http://blog.afraidtotrade.com/?p=5252#comment-211681 Great analysis!<br><br>If I may add, another important indicator to watch is the RSI. <br><br>The weekly RSI at Friday's close was 52.92, pointing down, and close to the RSI 50 threshold. IF the RSI crosses below 50, expect a few points down. <br><br>On the other hand, take a look at another indicator, the ULT RSI (7,14,28 setting). The weekly ULT RSI closed at 47.73, and pointing down. However, IF the ULT RSI crosses above 50, expect a few points up. <br><br>One way or the other, expect some volatility in POT this coming week.<br><br>Regards,<br>TWC Great analysis!

If I may add, another important indicator to watch is the RSI.

The weekly RSI at Friday's close was 52.92, pointing down, and close to the RSI 50 threshold. IF the RSI crosses below 50, expect a few points down.

On the other hand, take a look at another indicator, the ULT RSI (7,14,28 setting). The weekly ULT RSI closed at 47.73, and pointing down. However, IF the ULT RSI crosses above 50, expect a few points up.

One way or the other, expect some volatility in POT this coming week.

Regards,
TWC

]]> By: Rofs http://blog.afraidtotrade.com/a-look-at-the-recent-fall-in-potash-pot-dec-20/comment-page-1/#comment-211680 Rofs Sun, 20 Dec 2009 23:49:34 +0000 http://blog.afraidtotrade.com/?p=5252#comment-211680 Very informative. Thank you for sharing your thoughts. Very informative. Thank you for sharing your thoughts.

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