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Mosusd

MOS Weekly TA Neutral BullishMOSUSD Weekly neutral with a bullish bias. Recommended ratio: 55% MOS, 45% Cash . *Fertilizer and grain prices are going down as supply chains ease due to a deal between Russia, Belarus and Ukraine that allows sanctions on fertilizer exports from Belarus and Russia to be lifted in exchange for Russia allowing Ukraine to resume grain exports from the Black Sea through Turkey. However, this could be short-lived considering: a) it's a deal with Russia who literally bombed a port in Odessa the day after signing the deal and b) that the world's second largest producer of fertilizer behind Russia (China) is likely to continue suspending exports of phosphates for the rest of 2022 . Although Mosaic's earnings and revenue were both up on the quarter they missed consensus estimates, while competitor Nutrien beat both estimates and had record earnings in the previous quarter; however, Mosaic expects revenue to continue to be strong for the remainder of 2022.* Price is currently trending up at $52.50 after breaking above the descending trendline from 04/18/22, it also broke above the 50 MA and $49 resistance and will need to close above it this week in order to reestablish support. Volume has been shrinking for the previous seven sessions (indicative of a potential pending breakout/breakdown) and is currently on track to favor buyers for five consecutive sessions if it can close this week in the green. Parabolic SAR flips bullish at $74.55, this margin is bullish at the moment. RSI is currently trending sideways at 50 after bouncing off the uptrend line from September 2015 at 40 support; the next resistance is at 53. Stochastic remains bullish and is currently trending up at 39 as it is still technically testing 29 resistance. MACD remains bearish and is currently trending sideways at -0.50 as it continues to form a trough, in order for a bullish crossover it would have to break above 1.10; the next resistance is 1.75. ADX is currently trending down slightly at 23 as Price is attempting to reverse the downtrend, this is neutral at the moment. If Price is able to establish support at $50 then the next likely target is a test of $56 resistance . However, if Price breaks down back below $50 support , it will likely retest the uptrend line from March 2020 at ~$45 . Mental Stop Loss: (one close below) $50 .
NYSE:MOS
by dailytaguy
1
MOS/USD Daily TA Neutral BearishMOS/USD Daily neutral with a bearish bias. * Fed minutes were released today and confirms that the Fed is committed to two more rate hikes in June and July of at least 50 bps with potential for another 50-75 bp hike in September, and that they will sell mortgage backed securities (rather than let them roll over) if necessary as a means of reducing their balance sheet. Equity markets are currently responding positively but this could be short-lived. Additionally, to address the global food shortage, last week the U.N. proposed a plan for Russia to unblock grain exports from Ukraine through the Black Sea in exchange for reducing Western sanctions on fertilizer exports from Russia and Belarus; considering that Russia has found willing buyers of their fertilizer at higher price points, this is unlikely to pass anytime soon.* Recommended ratio: 40% MOS, 60% cash. Price is currently breaking down out of the uptrend line from 01/24/22 but is still technically testing it as support at ~$60. Volume remains high (moderate) and alternating between buyers and sellers every other day for what is now twelve consecutive sessions; this is indicative of potential consolidation. Parabolic SAR flips bullish at $66 which currently coincides with the 50 MA, this margin is neutral at the moment. RSI is currently trending up at 45.48 but is still technically testing 40.33 support; if it is able to establish support here it will likely test 58.12 resistance. Stochastic crossed over bullish in today's session and is currently trending up at 59; the next resistance is at 80.49 and support at 39.11. MACD remains bearish and is currently trending sideways at -1.65 as it continues to hover just below the Signal line (-1.54); if it is able to break out above -1.54 it would be a bullish crossover. ADX is currently trending up slightly at 19 as Price continues to fall, this is mildly bearish. If Price is able to reclaim support at the uptrend line from 01/24/22 (~$60) this would also imply that it has broken out of the descending trendline from 04/18/22 and would likely prompt a retest of $64.22 resistance. However, if Price continues to break down here then it will likely retest $55.79 minor support before potentially testing the 200 MA (for the first time since 12/01/21) at ~$46.28. Mental Stop Loss: (two consecutive closes above) $60.40.
NYSE:MOS
by dailytaguy
MOS/USD Daily TA Neutral BearishMOS/USD Daily neutral with a bearish bias. *Critical Resistance watch* . Recommended ratio: 45% MOSAIC, 55% cash. Commodities have fallen with the broader market but can benefit from more supply chain woes. Price is currently trending up at $62.32 after bouncing off the uptrend line from 01/24/22 (~$57.50) and is approaching a test of $64.22 resistance. Interest has waned but Volume remains moderately high and fairly mixed between buyers and sellers. Parabolic SAR flips bullish at $67.50, this margin is neutral at the moment. RSI is currently trending up at 46.40 after reclaiming 40.33 support; the next resistance is at 58.12. Stochastic remains bullish and is currently trending up at 51 but is still technically testing 39.11 resistance; if it can flip 39.11 resistance to support, the next resistance is at 80.49. MACD is currently trending sideways at -1.91 as it attempts to form a bullish crossover (would need to break out above -0.94 resistance to do this); the next support is at -2.52. ADX is currently trending down at 23 as Price is defending support at the uptrend line from 01/24/22, this is mildly bearish. If Price is able to break out above $64.22 resistance, it will likely test the 50 MA at $65.50. However, if Price is rejected here or at $64.22, then the next likely target is a retest of the uptrend line from 01/24/22 at ~$57.50 before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $65.50.
NYSE:MOS
by dailytaguy