WTI Crude (CL) is consolidating after yesterday’s massive 8% plus slide to below ascending wedge support (on the weekly chart). CL is suddenly testing the psychologically key 100 whole figure level, remaining vulnerable to more downside today after breaking yesterday below triangle support (on the daily chart)…
S&P500 (ES) Nearing 3 Month Downtrend Resistance
The S&P500 (ES) is making progress in its effort at forming a multi-month low. Any break above triangle resistance (on the 4hr chart) will likely coincide with a test of the descending wedge/downtrend resistance (on the weekly chart from April to June)…
Corn (ZC) Nearing Key 600 Level
Corn (ZC) slid another 1% Friday adding to the steep losses since breaking upchannel support (on the weekly chart) 2 weeks ago. ZC is beginning to appear it may have overshot to the downside with Thursday’s break below downtrend support (on the daily chart)…
Sandbox (SAND) Weekly MACD Trying to Positively Cross
TOP50’sTOP10 (SANDUSD, XTZUSD, MANAUSD, DOTUSD, MATICUSD, ATOMUSD, SOLUSD, FTTUSD, CROUSD, AVAXUSD)
Arabica Coffee (KC) Retests 50% Fib Retrace of February-May Pullback
Arabica Coffee (KC) gained a near 1% yesterday, further reclaiming upchannel support (on the daily and weekly chart). With KC just shy of downchannel resistance (on the 4hr chart) and comfortably above the psychologically key 2.25 whole figure level, KC no longer appears likely to slide back to the May low in July…
USDCAD Trying to Reclaim Key 1.30 Level
The USDCAD is trying to halt the pullback that began at the 2022 high a bit more than a week ago, with the weekly Hammer assuring a higher June low versus the May low. Any break of the downchannel resistance (on the 4hr chart) will dramatically increase the likelihood of reclaiming the psychologically key 1.30 whole figure level and 2022 high in the few days after…
Natural Gas (NG) Retesting 50% Fib Retrace of Jan-Jun Bull Market Extension
Natural Gas (NG) is trying to slow the massive slide from the 2022 peak (a few weeks back), but remains vulnerable to deepening in its correction. With NG still below upchannel support (on the weekly chart), odds are high for a retest by early July of the 61.8% Fib retrace of the Bull Market extension from the 2022 low (in January) to the 2022 high in June…
Nasdaq100 (NQ) Retesting Weekly Chart Descending Wedge Resistance
The Nasdaq100 (NQ) is catching its breath in its Dead Cat Bounce, and appears poised for more upside in July. A weekly close above the psychologically key 12k whole figure level and the downtrend resistance (on the weekly chart from April to June) will likely coincide with a daily close above the daily chart downchannel resistance…
Soybean (ZS) Testing 50% Fib Retrace of Nov-Jun Bull Market Extension
Register/Login to freely access technical analysis on the market described in the headline above. Today’s Top 3 Trades includes technical analysis on: Agris (Soybean | Corn) + Today’s Top Trade (GBPAUD) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM asRead More
Sandbox (SAND) Breaking 6 Month+ Descending Wedge Resistance
TOP50’sTOP10 (SANDUSD, MANAUSD, DOTUSD, MATICUSD, SOLUSD, XTZUSD, FTTUSD, ATOMUSD, CROUSD, AVAXUSD)