The world leading cotton markets gave mixed
price trend with New York cotton giving divergent
price trend.
Woo also noted that Micron's earnings and stock performance typically correlate closely with the spot
price trend. He tentatively assumes the Japan-Korea trade dispute that may impact the import of three major semiconductor materials will only have a single-digit impact on global supply, adding that DRAM's spot price "usually overreacts to news, but it can be a leading indicator" for the average selling
price trend.
The driver behind this
price trend clearly has been the truckload market that has seen quite a steep slowdown.
"Workers' compensation was the only line showing a downward
price trend, as claims frequency declines and workplace safety continues to improve."
He said, due to improving
price trend of the commodity in local market which had reached to Rs 3,000 per 40 kg and application of better crop management, the gap would be fulfilled.
LOCAL oil firms cut gasoline prices but raised the cost of diesel and kerosene at the pump, continuing the
price trend set last week.
Even though data collection only began in August, the tracker has already shown that the general
price trend appears to be down, with much of the downtrend attributed to declines in the "grains and flours" category;
price trends range widely between Lagos and Kano; and alcohol prices have seen significant volatility.
If a commodity's
price trend is positive, Direxion takes a long position.
Two Texas markets appear to have defied the negative
price trend that has hurt so many other U.S.
Momentum is significant because it signals the strength of
price trends. A healthy
price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction.
''I objected also because I thought it would not be too late (to raise rates) if we waited until after we fully explain our
price trend projections in the new outlook report'' to be issued in April, he said.
Overall, a downward
price trend continues, but the pace of the decline in November seems to have slowed, compared to months such as August and October.
