Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG Mar15) Weekly/Daily/4hr/Hourly NG pulled back yesterday leading up to and following the storage figures release, retracing roughly 61.8% of the rally since Monday. With the pullback, NG sits near the price at which it broke above downchannel resistance (onRead More
Month: February 2015
Natural Gas (NG) Spikes to Descending Wedge Resistance Ahead of Storage Figures
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG Mar15) Weekly/Daily/4hr/Hourly NG spiked up over 6% at one point yesterday, strongly adding to the gains Tuesday on the back of the break above downchannel resistance (on the daily chart). In the weekly chart, NG is now testing descendingRead More
WTI Crude (CL) Nearing 50% Retrace of 44-54 Rally Ahead of Inventory
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL sold off fairly aggressively in yesterday’s US morning session, briefly touching 50 around 1pm EST after having traded at a high of 54 Monday. The 4hr RSI, Stochastics and MACD are now all sloping down, suggestingRead More
Cocoa (CC) Targeting Downchannel Resistance on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cocoa (ICE CC May15) Weekly/Daily/4hr/Hourly CC`s been rallying strongly off of the descending wedge support (on the weekly chart) and downchannel support (on the daily chart) since early last week. Although CC now sits at a horizontal resistance line (on the daily chart),Read More
Arabica Coffee (KC) Triple Bottom Holding on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC pushed higher Friday, spiking halfway through the session to just shy of 1.7, before pulling back on profittaking. While the 4hr chart’s slightly downward sloping channel resistance has held for now, the bullish triple bottom seenRead More
WTI Crude (CL) Retesting Downchannel Resistance on Weekly Chart on Sharp Rebound
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL pushed lower in the early part of yesterday’s Asian session, only to power ahead over 5% during the European session. CL is now retesting its downchannel resistance (on the weekly chart) and appears to have madeRead More
WTI Crude (CL) Plunges Over 5% from Downchannel Resistance
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL has made a more than 50% retracement of the gains from the 3 day rally, and found its initial bounce in today’s Asian session at just above the 61.8% Fib retrace (of the same rally). TheRead More
WTI Crude (CL) Hits Downchannel Resistance on Weekly Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL plowed further ahead yesterday, easily slicing through 50 to 54 intraday, before encountering downchannel resistance (on the weekly chart). The weekly MACD green line is beginning to turn up, suggesting a positive crossover soon, and followingRead More
Nikkei (NK) Breaks Below 2 Wk Upchannel Support on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Nikkei (SGX NK Mar15) Weekly/Daily/4hr/Hourly The NK was rejected last week from its descending resistance line (on the daily chart) and has broken in the last few sessions below a 2 week upchannel support line (seen on the daily chart). The daily RSIRead More
WTI Crude (CL) Breaks Above Downchnanel Resistance on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL surged late in Friday’s session, particularly after its pit close, breaking above the downchannel resistance line (on the daily chart), and testing the more significant downchannel resistance line (on the weekly chart). The weekly MACD greenRead More