Tradable Patterns

Trading liquid global markets

  • Commodities at Various Stages of Consolidation Before Resuming Rally
  • Commodities at Various Stages of Consolidation Before Resuming Rally
  • Commodities at Various Stages of Consolidation Before Resuming Rally
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Soybean (ZS) Weekly/Daily/4hr Charts Bullishly Aligning

Soybean (Wkly/Dly/4hr/Hrly) Charts

Soybean (CME ZS Nov14) Weekly/Daily/4hr/Hourly ZS rallied strongly yesterday, breaking above its descending wedge resistance (as seen in the weekly chart) along with the downchannel resistance (as seen in the daily chart). On the 4hr chart, it is currently flirting with breaking an ascending triangle resistance. With its weekly, daily and 4hr RSI and MACD… Read More

Wheat (ZW)’s Weekly/Daily/4hr Charts Aligning

USDJPY (Wkly/Dly/4hr/Hrly) Charts

Wheat (CME ZW Dec14) Weekly/Daily/4hr/Hourly ZW rallied ahead of the WASDE report last Friday, and only pulled back marginally following the release. It continues consolidating the Friday gains in the Asian session, and appears set to resume upside shortly. ZW is just about to break above the descending wedge resistance line (as seen in the… Read More

Commodities Taking Breather Before Resuming Upside

USDJPY (Wkly/Dly/4hr/Hrly) Charts

Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT pushed further up yesterday, but may tire today following signficant gains over the last few sessions. It now sits near the middle of a channel just under an ascending support turned resistance line (as seen in the daily chart). Although CT’s weekly RSI, Stochastics and MACD are all turning… Read More

Cotton (CT) Ready to Rebound

Cotton (Wkly/Dly/4hr/Hrly) Charts

Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT saw a bit of hestitation yesterday after Wednesday’s minor bounce, giving up most of the prior day’s gains. The pullback has been shortlived though, as at the time of this writing (early in the Asian session), CT is moving up again and continues exhibiting bottoming characteristics on its weekly… Read More

EURUSD Bottoming, USDJPY Topping

Netflix (Wkly/Dly/4hr/Hrly) Charts

Euro Philadelphia Index Weekly The Euro index can be seen probing a major horizontal support line as seen in my weekly chart below. I originally drew this support line slightly higher (as seen in the chart images used for the Euro index in the last few days), so it appeared as if major support was… Read More

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