Cotton (CT) Consolidating Near Weekly Chart Ascending Triangle Resistance

Cotton (CT) is near complete in its 4th straight week of consolidation just below ascending triangle resistance (on the weekly chart). Significantly, although CT appears poised to continue a bull market after breaking in June above a 3 plus month symmetrical triangle resistance (on the weekly chart), the gains since April 2020 have been massive, and may require a deeper consolidation before any further bull market extension…

S&P500 (ES) Hesitates Near Record High Going into 2nd Half, NFP

The S&P500 (ES) is seeing a bit of healthy profittaking after yesterday’s fresh record high, and sits vulnerable to a deeper selloff following the end of 2021’s first half Wednesday, and after Friday’s highly anticipated US Non-Farm Payrolls (NFP). Significantly, the usual volatility seen after the completion of a quarter/half year and NFP may be deferred to after most traders return from the US Independance Day long weekend holiday next Tuesday…

Soybean (ZS) Breaking Daily Chart Descending Wedge Resistance

Soybean (ZS) is trying to stabilize to start the week, bouncing off a near complete wedge/triangle’s support (on the 4hr chart) and trying to break decisively above descending wedge resistance (on the daily chart). Significantly, regardless of the high probability for a multi-day bounce, ZS will remain vulnerable to a Bear Flag extension in July while ZS sits below uptrend support (on the weekly chart)…

Ethereum (ETHUSD) Tries Bouncing Off 61.8% Fib Retrace of Mar20-May21 Rally

Register/Login to view Crypto Weekly Outlook (ETHUSD | BTCUSD | XRPUSD). Crypto Weekly Outlook covers crypto industry fundamentals and technicals/fundamentals on Bitcoin, Ethereum and Ripple, updated Sundays. Free Members had access to this Preview of Sep 20, 2020’s 26 page report Today’s Top 3 Trades, Equities & ETFs, Coffee Daily, Crypto Weekly Outlook and allRead More