Natural Gas (NG) is gaining for a 2nd straight day, extending the upchannel (on the 4hr chart). Significantly, NG has halted its slide since October by breaking above downchannel resistance (on the weekly chart), and is testing downtrend/triangle resistance (on the daily chart)…
Nasdaq100 (NQ) Trying to Bounce Off Weekly Chart Upchannel Support
The Nasdaq100 (NQ) is consolidating yesterday’s reversal off downchannel support (on the 4hr and daily chart), but remains vulnerable in today’s European morning. Significantly, although NQ is arguably breaking above downchannel resistance (on the daily chart), the brief puncture by the weekly Hammer below upchannel support (on the weekly chart) suggests bears have the upper hand this week…
Corn (ZC) Consolidates Just Above Key 600 Level
Corn (ZC) is consolidating to start the week, nearing the completion of a triangle (on the 4hr and daily chart). Significantly, ZC is bumping up against the 76.4% Fib retrace of the May to September slide, and appears moderately likely to test the 2021 high sometime in January…
Top 50’s Top 10 (LINK, VET, HBAR, ALGO, DOT, THETA, UNI, IOTA, AVAX, ATOM)
Register/Login to view Crypto Weekly Outlook. A new format for Crypto Weekly Outlook begins Dec 5, 2021, where in light of the rapidly emerging and evolving opportunities in other top 50 coins (other than Bitcoin, Ethereum and Ripple), Crypto Weekly Outlook will 3 Sundays out of each month, provide technical analysis on 10 coins fromRead More
Cotton (CT) Testing 2021 high
Cotton (CT) is firming going into today’s European morning, with CT trying to extend the upchannel (on the 4hr chart). Significantly, the break in ascending wedge support (on the daily chart) appears only mildly bearish going into next week, as the bigger picture is of CT retesting the 2021 high (in November)…
GBPAUD Nearing Weekly Chart Triangle Resistance
The GBPAUD is trying to edge higher and gravitate towards uptrend resistance (on the 4hr chart). Significantly, the GBPAUD has rebounded strongly so far this 1st week of the year, and is nearing triangle resistance (on the weekly chart)…
Gold (GC) Reclaims 50% Fib Retrace of November Slide
Gold (GC) is consolidating yesterday’s bounce off the psychologically key 1800 whole figure level in today’s Asia morning. Significantly, GC has reclaimed the 50% Fib retrace of the slide from the November peak, and appears to be gearing up for a test of the weekly chart triangle resistance sometime in January…
Nasdaq100 (NQ) Retesting Record High Ahead of Busy News Week
The Nasdaq100 (NQ) is edging higher going into today’s European morning, just shy of its record high. Significantly, NQ appears well positioned to further extend its upchannel (on the weekly chart) and is now moderately likely to test upchannel resistance this week…
Soybean (ZS) Reclaims 61.8% Fib Retrace of Jun-Nov Correction
Soybean (ZS) has bounced to start the year, and is now just shy of the December high. Significantly, ZS has reclaimed the 61.8% Fib retrace of the June to November correction, with upward momentum returning following ZS’ break above triangle resistance (on the 4hr chart)…
Cocoa (CC) Retests 50% Fib Retrace of Oct-Nov Slide
Cocoa (CC) gained more than 1.5% yesterday, closing near the December high and decisively above the psychologically key 2500 whole figure level. Significantly, CC has arguably broken triangle resistance (on the daily chart), and has re-entered the upchannel (on the weekly chart)…