The EURUSD consolidated in today’s Asia morning after surging a second straight day yesterday. Significantly, the EURUSD has just reclaimed the January low and the 50% Fib retrace of the February to March bear extension…
Silver (SI) formed a daily Hammer yesterday, reversing much of yesterday’s initial sharp losses. Significantly, SI is trying to halt the strong profittaking from the March high, and is suddenly back to near the psychologically key 25 whole figure level…
The VIX (VX) is making another attempt to firm after the dramatic slide these past 2 weeks plus. Significantly, although the VX is back below the psychologically key 25 whole figure level (on the May contract), it is attempting a higher March low versus the February low on the still elevated likelihood of an escalation in the Ukraine-Russia conflict…
Wheat (ZW) is sliding towards the low end of the roughly 3 week consolidation to start the week. Significantly, ZW appears vulnerable before month end to a test of the 50% Fib retrace of the February to March rally extension, with a moderate probability of testing the psychologically key 1000 whole figure level during the same period…
TOP50’sTOP10 (ADAUSD, BTCUSD, ETHUSD, FTTUSD, NEARUSD, CROUSD, ATOMUSD, MATICUSD, XRPUSD, SANDUSD)
Raw Sugar (SB) consolidated yesterday for a 4th straight day within a near complete triangle (on the daily chart). Significantly, SB is bouncing off the prior downchannel resistance (on the weekly chart), from just below the 50% Fib retrace of the early March rally…
The AUDUSD is consolidating in today’s Asia morning, tiring as it bumps against the psychologically key 0.75 whole figure level. Significantly, with the massive rally since the January low near the psychologically key 0.70 whole figure level, the AUDUSD has broken above downchannel resistance (on the weekly chart)…
Natural Gas (NG) is consolidating in today’s Asia morning after soaring almost 6% yesterday. Significantly, NG has reclaimed the psychologically key 5 whole figure level and is testing the 2022 high…
The VIX (VX) is trying to firm after the dramatic slide this past week plus. Significantly, the VX is back to the psychologically key 25 whole figure level, and appears to be gearing up for a bounce as it breaks the descending wedge resistance (on the 4hr chart)…
Soybean (ZS) is pushing higher to start the week, nearing completion on the daily chart triangle. Significantly, with a green weekly Doji beginning to form, ZS appears unwilling to deepen in its 2 week plus consolidation, improving odds for ZS to gravitate before month end, back to its 2022 high (from February)…
