Natural Gas (NG) is trying to bounce off uptrend support (on the 4hr chart) in today’s Asia morning, making progress in recovering after Thursday’s strong profittaking. Significantly, NG is extending Friday’s rebound from just above the psychologically key 4 whole figure level, with the catalyst for testing triangle resistance (on the daily chart) coming as early as Thursday’s highly anticipated weekly storage data…
The Nasdaq100 (NQ) is consolidating in today’s Asia morning, nearly complete on a triangle (on the 4hr and daily chart). Significantly, although NQ bounced off uptrend support (on the weekly chart), the lower January high so far versus the December high, suggests that the triangles on the 4hr and daily chart are a Bear Flag consolidation…
Corn (ZC) bounced almost 1.5% Friday off the January low, closing just shy of the psychologically key 600 whole figure level. Significantly, although the daily chart triangle is near complete and can resolve either direction, ZC does not appear to want to correct deeper than where it broke above triangle resistance (on the weekly chart)…
Register/Login to view Crypto Weekly Outlook. A new format for Crypto Weekly Outlook begins Dec 5, 2021, 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 fromRead More
Register/Login to freely access technical analysis on the market described in the headline above. Today’s Top 3 Trades includes technical analysis on: Softs (Cocoa | Arabica Coffee) + Today’s Top Trade (Gold) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUMRead More
The EURUSD is consolidating in today’s Asia morning after yesterday’s roughly 100 pip gain from the day’s low to its high. Significantly, the EURUSD has broken above the December high and downchannel/descending wedge resistance (on the weekly chart)…
Natural Gas (NG) is gaining for a 2nd straight day, extending the upchannel (on the 4hr chart). Significantly, NG has halted its slide since October by breaking above downchannel resistance (on the weekly chart), and is testing downtrend/triangle resistance (on the daily chart)…
The Nasdaq100 (NQ) is consolidating yesterday’s reversal off downchannel support (on the 4hr and daily chart), but remains vulnerable in today’s European morning. Significantly, although NQ is arguably breaking above downchannel resistance (on the daily chart), the brief puncture by the weekly Hammer below upchannel support (on the weekly chart) suggests bears have the upper hand this week…
Corn (ZC) is consolidating to start the week, nearing the completion of a triangle (on the 4hr and daily chart). Significantly, ZC is bumping up against the 76.4% Fib retrace of the May to September slide, and appears moderately likely to test the 2021 high sometime in January…
Register/Login to view Crypto Weekly Outlook. A new format for Crypto Weekly Outlook begins Dec 5, 2021, 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 fromRead More
