MON Monsanto Weekly Chart Negative Divergence

MON Monsanto weekly chart showing a move down from the negative divergence that formed during January into February. The ag stocks and fertilizers are very difficult to analyze these days considering all the cross currents of Chairman Bernanke's easy hot money, Mother Nature, the Middle East turmoil, food stock speculation, dollar index, etc....

The 20 MA at 67.4 as well as the 65.0 level will provide support. The move off the higher prices in 2009 never occurred due to divergences so it cannot be ruled out that price would come back up to those upper channels again at 76 and 85. For the near term, days and a few weeks, price needs to find discovery in the 62 to 68 range. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.