Corn (ZC) is consolidating to start the week, digesting 3 straight green daily candles as it nears the November high. Significantly, ZC is retesting the 61.8% Fib retrace of the May to September slide with the bottom of the slide just below the 50% Fib retrace of the April 2020 to May 2021 bull market…
Month: December 2021
Top 50’s Top 10 (DOT, AVAX, MATIC, UNI, ALGO, LINK, TRX, MANA, ATOM, VET)
A new format for Crypto Weekly Outlook begins today, where in light of the rapidly emerging and evolving opportunities in other top 50 coins (other than Bitcoin, Ethereum and Ripple), Crypto Weekly Outlook will 3 Sundays out of each month, provide technical analysis on 10 coins from the top 50 (in market cap) which appear the most interesting for the coming week. Only coins that have above average fundamentals over the long run will be selected…
Cocoa (CC) Tries Halting Oct-Nov Slide Just Above 2021 Low
Cocoa (CC) rebounded a massive 4% plus yesterday, bouncing off downchannel support (on the daily chart). Significantly, although CC had broke last week below upchannel support (on the weekly chart), CC appears to be clawing back above this support…
GBPAUD Consolidating Above Weekly Chart Triangle Resistance
The GBPAUD is in the advanced stages of consolidating within an upchannel (on the daily chart). Significantly, the GBPAUD is forming a weekly Doji, digesting the break above triangle resistance (on the weekly chart)…
WTI Crude (CL) Weekly Doji Testing ~19 Month Upchannel Support
WTI Crude (CL) is trying to firm going into today’s European morning after yesterday’s massive 5% plus slide. Significantly, CL is trying to form a weekly Doji at uptrend support (on the weekly chart), with odds decent for the Doji to turn green after 5 straight down weeks…