Natural Gas (NG) is trying to halt the deep slide since September, with odds elevated and rising for a strong bounce off downchannel support (on the weekly chart) and the February low following Thursday’s highly anticipated weekly storage data. Any break above downtrend resistance (on the 4hr chart) post-storage would dramatically increase the likelihood of a retest of the psychologically key 3 whole figure level in the week after…
Arabica Coffee (KC) surged more than 3.5% higher yesterday, closing above the psychologically key 1.80 whole figure level. KC is now breaking descending wedge resistance (on the weekly chart) and likely to break to a fresh February high before the weekend…
The S&P500 (ES) is consolidating after yesterday’s 1% plus gains, testing triangle resistance (on the 4hr chart). Any surge to a fresh February high this week will dramatically increase the odds that the 2022 bear has ended…
Arabica Coffee (KC) edged more than 1% higher yesterday, closing above the psychologically key 1.75 whole figure level. KC is now testing descending wedge resistance (on the weekly chart) and the 4hr chart triangle resistance, with odds elevated for a break to a fresh February high this week…
Wheat (ZW) is consolidating Friday’s near 4% surge to start the week, hesitating just below the December high. A higher February high versus the December high will go a long way in halting the bear trend since the May high, and is likely given the room before bumping up against the psychologically key 800 whole figure level and upchannel resistance (on the 4hr chart)…
Arabica Coffee (KC) edged higher Friday, completing a weekly Doji just below the psychologically key 1.75 whole figure level. Although KC may resolve today to the downside in the 4hr chart triangle, odds appear higher for an upside breakout…
TOP50’sTOP10 (MATICUSD, ALGOUSD, ATOMUSD, BNBUSD, LTCUSD, EOSUSD, XTZUSD, UNIUSD, DOTUSD, AVAXUSD)
The VIX (VX) is consolidating yesterday’s break above downchannel resistance (on the 4hr and daily chart), and appears poised to complete a Bullish Island Reversal (on the weekly chart). With the bounce off downchannel support (on the weekly chart) gaining momentum, a weekly close above the psychologically key 20 whole figure level is all but assured…
Arabica Coffee (KC) slid another 1% plus yesterday, edging further below a month long upchannel support (on the daily chart). Nevertheless, KC appears close to halting the healthy profittaking (from last week’s February high), with any further consolidation going into early next week likely to find support at the psychologically key 1.70 whole figure level…
The USDCAD continues consolidating but should be seeing a volatility surge soon as the triangle (on the weekly chart) nears completion. Before bulls get excited, they’ll want to see the USDCAD close on a weekly basis above the weekly chart triangle resistance and the psychologically key 1.35 whole figure level…
