TOP50’sTOP10 (XTZUSD, DOTUSD, MANAUSD, SANDUSD, MATICUSD, SOLUSD, CROUSD, TRXUSD, AVAXUSD, ATOMUSD)
Tezos (XTZUSD) Weekly Chart Descending Wedge Near Complete
Month: June 2022
Arabica Coffee (KC) Back Above Weekly Chart Upchannel Support
Arabica Coffee (KC) gained another more than 1.5% yesterday, extending the rebound off upchannel support (on the 4hr, daily and weekly chart). With a near complete green weekly Hammer above upchannel support (on the weekly chart), odds are elevated for KC to form a fresh June high before month end…
AUDJPY Weekly Hammer Near 2022 High
The AUDJPY has gained more than 200 pips from Tuesday’s low, and is now forming a weekly Hammer just a few days’ volatility from the 2022 high. Odds are elevated that the AUDJPY will want to consolidate the balance of June near its current 23.6% Fib retrace of the slide from the Oct 2007 high to the Oct 2008 low (as seen on tradingview.com)…
Natural Gas (NG) Breaks Weekly Chart Ascending Wedge Support
Natural Gas (NG) slid a massive 16% plus yesterday, breaking below upchannel support (on the daily chart) and ascending wedge support (on the weekly chart). Odds are high for a test of the psychologically key 7 whole figure level following Thursday’s highly anticipated weekly storage data, but any further downside ahead of the weekend will likely be limited to downchannel support (on the 4hr chart)…
Nasdaq100 (NQ) Testing Weekly Chart Downchannel Support
Although the Nasdaq100 (NQ) formed a fresh 2022 low yesterday, with the NQ at downchannel support (on the weekly chart), the NQ is only moderately likely to slide further this week to downchannel support (on the daily chart). Any break above downchannel resistance (on the 4hr chart) will dramatically increase odds for a daily close above the psychologically key 12k whole figure level by early next week….
Wheat (ZW) Tries Forming Higher June Low VS Mar Low
Wheat (ZW) is trying to firm after Friday’s WASDE, but remains vulnerable to a deeper consolidation in June. The monthly red hammer trying to form (as can be seen on tradingview.com) after 3 green monthly candles with long upper shadows suggests a moderately high probability for a retest in June of the psychologically key 1000 whole figure level and the 50% Fib retrace of the January to March bull market extension…
FTX Token (FTT) Nearing Daily Chart Descending Wedge Support
TOP50’sTOP10 (FTTUSD, XTZUSD, TRXUSD, DOTUSD, MANAUSD, SOLUSD, CROUSD, MATICUSD, AVAXUSD, BNBUSD)
Arabica Coffee (KC) Weekly MACD Trying to Positively Cross
Arabica Coffee (KC) bounced more than 1% yesterday, and suddenly appears to be in the advanced stages of consolidating near upchannel resistance (on the 4hr chart). Any weekly close above the 61.8% Fib retrace of the slide from the February high to the May low will likely coincide with a retest of the June high, and dramatically increase odds of resuming the upchannel (on the weekly chart) in the week after…
GBPAUD Daily MACD Trying to Positively Cross
The GBPAUD is breaking out of the bottoming formation that began early week, and is suddenly back to near the psychologically key 1.75 whole figure level. A higher June low versus the May low would strongly reinforce the major bottoming effort since early April…
Natural Gas (NG) Nearing Key 10 Level Ahead of Storage
Natural Gas (NG) is consolidating after forming a fresh 2022 high yesterday, and appears likely to hesitate further ahead of Thursday’s highly anticipated weekly storage data. Regardless of NG nearing completion on an ascending wedge (on the 4hr chart), odds are elevated for a test of the psychologically key 10 whole figure level in June…