KCPO:- Just Ride The Bulls And Ignore The News - 16/8/2010

The ADX continues to rise complimenting the positive and ascending MACD. Prices are still above the top Bollinger Band , so the current bull trend is still intact. Maintain long positions, place stop at 2656.

The weekly chart is getting more bullish as the ADX is still rising towards its 20's signal line. Prices stay above the top Bollinger Band , while MACD and the Stochastic are still going up.

As usual the wheat scare story may just be another, well, scare story. So far only Russia's wheat is having problem, but not with the other major producers like China, India, EU and the US.  At least I have not heard anything about they are getting into trouble yet. As long as the KCPO's  charts support a bull run, I would just stick to it. That's all. I mean why do we have to worry about the supply and demand stories, which usually show up too late after price actions have already gone far.