Gold (GC) is consolidating in today’s Asia morning, testing triangle support (on the 4hr chart). Significantly, GC is back below the 38.2% Fib retrace of the August to March rally extension, and is at risk of breaking below triangle support (on the daily chart) after today’s highly anticipated FOMC Minutes at 2pm EST…
Month: April 2022
Nasdaq100 (NQ) Near 61.8% Fib Retrace of Jan-Mar Slide
The Nasdaq100 (NQ) is hesitating in today’s Asia morning after yesterday’s reclaiming of the psychologically key 15k whole figure level. Significantly, with NQ once again approaching the 61.8% Fib retrace of the January to March slide, NQ will likely see further hesitation in the next day or so…
Wheat Tries Stabilizing Near Key 1000 Level
Wheat (ZW) is trying to firm to start the week, showing early signs of trying to halt the near month long slide from the 2022 high. Significantly, ZW is testing the 61.8% Fib retrace of the war surge, and appears to be trying to reclaim the psychologically key 1000 whole figure level…
Ethereum (ETHUSD) Weekly MACD Trying to Positively Cross
TOP50’sTOP10 (ETHUSD, NEARUSD, ADAUSD, BTCUSD, ATOMUSD, XTZUSD, FTMUSD, DOTUSD, MATICUSD, CROUSD)
Cocoa (CC) Weekly MACD Trying to Positively Cross
Cocoa (CC) edged higher yesterday with a daily Doji, gaining for a 4th straight day. Significantly, CC appears poised to extend its 2 week bounce within what is arguably a slight upchannel (on the weekly chart)…