A recent Mecardo cattle analysis article titled “Are we in for a short-term EYCI correction?” outlined some common methods often used in technical analysis (also known as charting) when forecasting market price trends.
We always aim to deliver short, punchy market analysis and outlook articles. As such, there is often limited space to explain the actual techniques we use to analyse markets. We thought it may be useful to publish a series of more in-depth blogs on some of these technical analysis tools that describes their use in more detail for readers not familiar with charting.
The purpose of this blog is to give the reader a better understanding of the Relative Strength Index (RSI) and how it can be used, particularly when identifying situations where prices might be ready for a correction.