TOP50’sTOP10 (BNBUSD, TRXUSD, SANDUSD, MANAUSD, FTTUSD, ATOMUSD, DOTUSD, SOLUSD, CROUSD, MATICUSD)…
Binance Coin (BNB) Weekly MACD Positively Crossing
Raw Sugar (SB) Weekly Doji Near 2022 High
Raw Sugar (SB) is in the advanced stages of a Bull Flag consolidation (since August/September). With SB having bounced yesterday off prior downchannel resistance (on the 4hr chart), odds are elevated for a weekly close back above the psychologically key 0.20 whole figure level…
EURJPY Weekly MACD Trying to Negatively Cross
The EURJPY is trying to halt the slide from the April high, bouncing yesterday off the 38.2% Fib retrace of the March to April rally. Nevertheless, the EURJPY remains vulnerable as a volatility spike is likely to be seen by early next week with the triangle (on the 4hr and daily chart) near complete…
WTI Crude (CL ) Weekly Chart Bull Flag Trying to Extend
WTI Crude (CL) is in the advanced stages of a weekly chart Bull Flag consolidation, where the Bull Flag is arguably extending. Nevertheless, with CL nearing completion on an ascending wedge (on the 4hr chart) and bumping up against upchannel resistance (on the daily chart), odds are moderately high for a retest of the psychologically key 110 whole figure level following today’s highly anticipated 1030am EST weekly inventory data…
VIX (VX) Testing 61.8% Fib Retrace of Apr-May Bounce
The VIX (VX) continues looking vulnerable to a deeper slide despite testing the 61.8% Fib retrace of the April to May bounce. Nevertheless, the VX appears poised to make a higher May low versus the April low, with decent odds of support kicking in at the May low…
Wheat (ZW) Weekly Chart Bull Flag Extends on WASDE
Wheat (ZW)’s massive 5% or so gap up to start the week has further extended the Bull Flag (on the weekly chart), with ZW nearing the 2022 high. Nevertheless, with a Doji forming on the 4hr, daily and weekly chart, ZW is unlikely to have much further upside this week…
Decentraland (MANAUSD) Doubles Off Last Week’s 2022 Low
TOP50’sTOP10 (MANAUSD, DOTUSD, FTTUSD, SANDUSD, SOLUSD, AVAXUSD, ATOMUSD, CROUSD, BNBUSD, MATICUSD)
Cotton (CT) Nearing Weekly Chart Ascending Wedge Support
Cotton (CT) is looking vulnerable to a daily close below upchannel support (on the daily chart), which after last week’s weekly Gravestone reversal from a 2022 high could create a Bearish Island Reversal (on the weekly chart). CT is also forming a monthly Gravestone (which can be seen on tradingview.com) with the 2022 high (earlier this month) having formed near the 61.8% Fib retrace of the slide from the record high (in 2011) to the 2020 bottom…
GBPAUD Weekly MACD Trying to Positively Cross
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WTI Crude (CL) Back Below Key 100 Level Ahead of Inventory
WTI Crude (CL) is vulnerable to breaking upchannel support (on the weekly chart), but could get some reprieve today as it nears a Megaphone support (on the 4hr chart). Any reclaiming of the psychologically key 100 whole figure level following today’s 1030am EST highly anticipated weekly inventory could keep the Bull Flag narrative in play, where the sideways range since early March is arguably a Bull Flag consolidation…