TOP50’sTOP10 (LUNAUSD, ATOMUSD, XRPUSD, BTCUSD, ETHUSD, AVAXUSD, FTMUSD, CROUSD, MANAUSD, SANDUSD, FTTUSD, XTZUSD)
Terra (LUNA) Consolidating Near Record High
Raw Sugar (SB) Reclaims 50% Fib Retrace of Nov-Feb Slide
Raw Sugar (SB) surged more than 1.5% yesterday, gaining for a 3rd straight day. Significantly, SB is suddenly at a 2022 high, and has reclaimed the 50% Fib retrace of the November to February slide…
USDJPY Weekly Hammer Reclaims Key 115 Level
The USDJPY is edging up going into today’s European morning after yesterday’s strong bounce. Significantly, with the USDJPY back above the psychologically key 115 whole figure level, and the current weekly Hammer showing an unwillingness for the USDJPY to test wedge support, odds are high for the ascending wedge (on the weekly chart) to extend above the 2022 high in the next week or so…
Natural Gas (NG) Nears Daily Chart Triangle Resistance
Natural Gas (NG) has edged higher in today’s Asia morning on the potential for the Russia-Ukraine conflict to escalate. Significantly, odds are suddenly high for NG to retest the psychologically key 5 whole figure level and the 2022 high sometime in March…
VIX (VX) Nears 50% Fib Retrace of Jan-Feb Surge
The VIX (VX) is consolidating going into today’s European morning, with a wide trading range expected this busy news week. Significantly, the VX is likely to retest the February high in March, given the higher February high and low versus January’s…
Corn (ZC) Consolidating Just Below Key 700 Level
Corn (ZC) has gapped up to start the week (on a continued escalation in the Ukraine-Russia conflict), bouncing Friday off upchannel support (on the daily chart). Significantly, ZC is trying to make another push towards the psychologically key 700 whole figure level, which if successful, will likely be followed in the day or so after by a test of the 2022 high formed Thursday…
Terra (LUNA) Testing Key 75 Level
TOP50’sTOP10 (LUNAUSD, ATOMUSD, FTTUSD, XRPUSD, AVAXUSD, MANAUSD, BTCUSD, ETHUSD, CROUSD, XTZUSD)
Cocoa (CC) Testing 50% Fib Retrace of Dec-Feb Rally
Cocoa (CC) slid almost 2% yesterday, closing just above the 50% Fib retrace of the December to February rally. Significantly, with the weekly Doji forming, CC is trying to halt the correction since the 2022 peak (above the 2021 and 2020 high) 2 weeks back…
USDCAD Breaking Daily Chart Triangle Resistance
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Natural Gas (NG) Weekly Gravestone Retests Key 4.5 Level
Natural Gas (NG) is firming after yesterday’s healthy profittaking, trying to bounce off uptrend support (on the 4hr chart) and the psychologically key 4.5 whole figure level. Significantly, NG is forming a weekly Gravestone, and somewhat of a triangle (on the weekly chart) suggesting a moderately low likelihood of NG sliding back towards triangle support in the next week or so…