Please Register/Login to view the complete edition of Today’s Top 10 Trades. AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD spiked higher on today’s stronger than expected Australian employment figures, adding to the solid gains yesterday as the US dollar increasingly weakens against a broad spectrum of major currencies. The AUDUSD is now flirting with breaking downchannel resistance (onRead More
Month: April 2015
WTI Crude (CL) Nearing Resistance at 54 Ahead of Inventory
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL extended its two week rally yesterday, pushing to within a hair of resistance at 54, a level defined by the daily chart’s triangle resistance line and last week’s high. On yesterday’s climb, CL also broke aboveRead More
WTI Crude (CL) Continues 2 Week Upchannel
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL pushed slightly higher yesterday, continuing its two week rally. CL is now just above 52, and nearing the end of a symmetrical triangle (in the 4hr chart). In the daily chart, CL can be seen nearRead More
Gold (GC) Continues Moderating in Downtrend
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Gold (CME GC Jun15) Weekly/Daily/4hr/Hourly GC bounced Friday after several days of downward pressure. GC is now in the middle of a slightly negatively sloping descending wedge (on the weekly chart). Weekly, daily and 4hr RSI, Stochastics and MACD are mostly rallying. SilverRead More
AUDUSD Week Long Rally Tiring
Please Register/Login to view the complete edition of Today’s Top 10 Trades. AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD edged higher yesterday but is increasingly tiring as it’s been clinging close to upchannel resistance (in the 4hr chart) and as it challenges the horizontal resistance around .775 (as seen in the daily chart). With the weekly and dailyRead More
Natural Gas (NG) Retesting 2015 Low Ahead of Storage
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG sold off strongly yesterday ahead of today’s storage figures, and now sits just above the 2015 low formed in February. As seen in the weekly chart, NG’s descending wedge appears to have some downside before itRead More
WTI Crude (CL) Nearing 2015 High Ahead of Inventory #s
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL continued its rally off last week’s higher low yesterday, fueled in part by the break above symmetrical triangle resistance (on the daily chart). Yesterday’s rally to 54 matched the March high, and paves the way forRead More
WTI Crude (CL) Breaks Above Symmetrical Triangle on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL surged yesterday, trading briefly above 52 after breaking symmetrical triangle resistance on the daily chart. Next upside target appears at the March and February highs. The break above downchannel resistance (on the weekly chart) continues CL’sRead More
EURUSD Rallies to 1.1 on Far Weaker than Expected NFP
Please Register/Login to view the complete edition of Today’s Top 10 Trades. EURUSD Weekly/Daily/4hr/Hourly The EURUSD rallied strongly Friday on weaker than expected NFP (Non Farm Payrolls), breaking above a symmetrical triangle resistance line (on the daily chart) and positioning it nicely to challenge downchannel resistance (on the weekly chart). It is currently consolidating theRead More
Natural Gas (NG) Forms Double Bottom Off Storage Figures
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG spiked up yesterday on the weekly storage figures, bouncing off the 2015 low (made in February), forming a double bottom. Nevertheless, bulls should remain cautious as the descending wedge NG sits within (as seen in theRead More