Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly For the first time since I’ve added NG to my watchlist, its weekly, daily, 4hr and hourly charts are all pointing bullishly. NG is now sitting near channel support (as seen in the daily chart) ahead of tomorrow’s inventory figures, after having successfully tested this zone of 3.75-3.9 fourRead More
VIX (CFE VX Oct14) Weekly/Daily/4hr/Hourly Following yesterday’s rally, the VIX is now nearing resistance seen last week around the 15.3 level (refer to the daily and 4hr chart). Although the daily RSI and Stochastics might appear tiring, the rising daily MACD along with rising weekly RSI, Stochastics and MACD all suggest the next resistance levelRead More
Going forward, due to the time it takes to analyse the markets I profile daily, I’ll be including brief paragraph comments accompanying only what I feel are the top 3 most important sets of charts to view for the day, ordered as usual from top to bottom by importance (due to newly developing technical patternsRead More
EURCHF Weekly/Daily/4hr/Hourly EURCHF didn’t see the SNB intervention yesterday that market watchers have been widely expecting. I continue to anticipate the intervention around the 1.2 level, and will hold my current long at 1.208 for now. Note the risk of the EURCHF falling towards the bottom of the downchannel as seen in the weekly chartRead More
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min After yesterday’s late session rally, KC sits increasingly well positioned for a resumption of its uptrend. Crucially, the weekly and daily RSI, Stochastics and MACD are all trying to bottom, with the exception of the weekly MACD which still slopes down slightly. I’ll continue watching for a near-term peakingRead More
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly/30min/5min CT has now retraced almost half of the rally from its July low to its peak last week. It is showing bottoming action in the 4hr and hourly chart, and is fairly near the rising support line shown in the daily chart. CT also remains above longer term downchannel resistanceRead More
Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly/30min/5min ZC had a nice bounce yesterday positioning it now at channel resistance as seen in the 4hr chart. I anticipate potentially significant upside once uncertainty over the Wed FOMC statement lifts. In the meantime, I went flat yesterday at breakeven and will try to re-enter my long slightly lower inRead More
Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly/30min/5min Although ZC pushed lower Friday, it increasingly looks ripe for a bounce. I am long at 341.55 with the expectation that the descending wedge support (in the weekly chart) will hold, and open the way for an attempt at breaking above wedge resistance. The weekly and daily RSI and StochasticsRead More
VIX (CFE VX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The VIX continued trying to trade higher yesterday, but stalled at a lower high versus Wednesday’s high. After a few trades at a modest profit yesterday, I am currently long at 13.8 and am targeting 14.2 for now. The weekly and daily RSI, Stochastics and MACD are now mostly pointingRead More
BUXL (Eurex GBX Continuous Front Month) Weekly GBX began stabilizing yesterday, after initial weakness early in the session. The weekly RSI and Stochastics still slope steeply down, and the weekly MACD signal line should be crossing negatively in the next few sessions suggesting more bearish action overall in the weeks to come. Let’s take aRead More
