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
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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)…
EURUSD Weekly MACD Trying to Positively Cross
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) Sharply Reverses Back to Near Key 25 Level
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…
VIX (VX) Trying to Form Higher March Low VS Feb Low
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) Nearing 50% Fib Retrace of War Surge
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…
Cardano (ADAUSD) Breaking 6 Month Plus Descending Wedge Resistance
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Raw Sugar (SB) Weekly MACD Positively Crossing
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…
AUDUSD Tests Key 0.75 Level
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)…