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As always, you can/should check out the (very basic) Google Doc HERE to see the 5 day chart thus far.

The % change summary:
Iron 2%
Diamonds 0% (flat)
Oil -6%
Grain 6%
Wood 1%

Current prices:

Iron
13.4

Diamonds
10

Oil
8.5

Grain
7.4

Wood
9.3

Notes
Oil dropped 6% while Grain picked the same 6% up.

Oil's recent spike up seems for naught and is headed down. With much US pressure towards lower prices in Oil, it may stay there for at least a day. The chart seems to indicate that returning to ~8.8 is most likely in the short-term.

Iron seems capable of a steady climb upward with no end in sight for demand of cheap weapons of all Qs.

Diamonds seem to have completely and totally flatlined, somehow, and stayed at 10 for a record 6 straight days. Something tells me that some Diamond GMs will need to drop their prices under the 10 mark in order to get the sales they are hoping for at this point.

Grain is still a total non-starter and the lowest priced RM per unit. However, it has pulled up off its lows and seems to want to settle in the 7.4-7.7 range.

Wood is the *female dog* that just won't stay down, it seems. It wants to fluctuate "wildly" between 9 and 9.8. However, there is MUCH pressure to drop below 9, particularly in the US. The recent spikes up towards 9.8 seem to be based on massive scale purchases which are not sustainable over the long run. Adding *some* fundamental analysis into the mix, expect Wood to continue lower at this point. Unless, of course, Wood GMs read this and shut up shop and/or try to sell their companies. Then maybe if supply shrunk, prices would go back up, then more GMs enter the market, prices come back down and we have a lovely little "cycle" to report on. In other words, don't bother closing your doors unless you're horribly unprofitable. 😉

To clarify, 95% of the analysis here will be TECHNICAL analysis. This is based purely on the movements of lowest prices on the charts. Technical analysis of this sort can be misleading. So, use this information provided here merely as ONE TOOL in your many bag of tricks. If you make any decision simply based on these articles, you will likely not be satisfied with the result.

Having said that, you may notice weekly number are now include😛

Since this is only the first full week, we do not have enough weekly-based numbers to determine if any day-based patterns tend to emerge. This will take 7-10 weeks to build up enough history to properly examine this. But, the exciting part will be beginning to track weekly trends from now on and seeing if there are any key technical points in future updates.