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
BUXL (Eurex GBX Continuous Front Month) Weekly GBX continued pushing lower yesterday, with the the weekly RSI and Stochastics still steeply falling suggesting more downside for the balance of this week. The weekly MACD signal line is also turning lower, and should be crossing negatively in the next few sessions. Let’s take a look atRead More
BUXL (Eurex GBX Continuous Front Month) Weekly GBX resumed its downtrend yesterday on the December14 contract, while the continous front month chart seen below shows yesterday as an up day. Irrespective of which chart is used, the weekly RSI and Stochastics continuing their fall below their warning lines at 70 and 80 respectively. The weeklyRead More
Wheat (CME ZW Sep14) Weekly/Daily/4hr/Hourly/30min/5min ZW is clawing back towards the descending triangle support line seen in the daily chart. On the 4hr chart, this support turned resistance line is just above current levels. I will wait for a break back above this resistance line before looking for a long setup. The weekly and dailyRead More
BUXL (Eurex GBX Sep14) Weekly After four days of falling, the GBX short idea still has legs. The weekly RSI and Stochastics are now crossing below their warning lines at 70 and 80 respectively. The weekly MACD signal line is also turning lower, with the weekly MACD histogram now falling for the first time followingRead More
BUXL (Eurex GBX Sep14) Weekly The GBX continued its slide yesterday, with its current weekly candle now bearishly engulfing last week’s final attempt at an all-time high. With the bearish engulfing in full swing, it’d now be fairly conservative to say that a double top has been confirmed. The weekly RSI and Stochastics are alsoRead More
BUXL (Eurex GBX Sep14) Weekly The GBX fell quicker yesterday than I expected, and should increasingly attract shorts now that its weekly RSI and Stochastics are rolling over towards their warning lines at 70 and 80 respectively. The weekly MACD signal line can also be seen as flattening soon, with the weekly MACD histogram nowRead More
