Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min Yesterday’s standout performance from KC should lay to rest any doubt that the uptrend is continuing. The weekly and daily RSI, Stochastics and MACD all point higher. As those who’ve followed my thoughts on KC will know, the missing ingredient late last week to Monday to KC rallying wasRead More
VIX (CFE VX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The VIX is now much closer to offering an attractive short-term long entry. It has in the last week repeatedly tested its July low, and is currently exhibiting a rising daily MACD histogram which should result in the MACD green line flattening soon. Its daily Stochastics is oversold and theRead More
Wheat (CME ZW Sep14) moved up nicely during most of Friday’s session, until slamming down in the final 5min of trading to end more or less where it started on the day. Given its gains since the July bottoms, it’s appearing a bit tired on the daily, 4hr and hourly Stochastics and MACD. I amRead More
Wheat (CME ZW Sep14) had a solid performance yesterday, and appears ready to resume its rally off the July bottom. The MACD and Stochastics look bullish across the weekly, daily, 4hr and hourly timeframes now. Amongst all the commodities I’ve been watching, ZW is the closest to seeing a weekly MACD positive crossover. I amRead More
Cotton (ICE CT Dec14) was a standout performer yesterday tacking on more than 2% in gains, and continues its rally at the time of this writing. The weekly MACD green line is flat now, and the daily RSI, Stochastics and MACD all clearly pointing higher. Unfortunately, I exited my longs yesterday far too early aroundRead More
Tesla (TSLA) fell for its fourth day yesterday, creating a bearish profile on its daily chart. Most importantly, a double top can be seen forming between the Monday high and the all-time high made in February of this year. The daily RSI, Stochastics and MACD now all appear to be rolling over. Given the steadyRead More
Cotton (ICE CT Dec14) looks fairly uniformly aligned on its weekly, daily, 4hr and hourly Stochastics and MACD now. I am long 3 lots at an average of .6396, and have a sell limit on 1 lot at .645. Corn (CME ZC Dec14) sold off yesterday on profittaking and currently sits within the 365-370 rangeRead More
Corn (CME ZC Dec14) finished off a solid rebound week on Friday with more gains, and remains well positioned this week for more upside. Early this week though, I expect ZC to pullback given that its 4hr chart appears a bit overbought. I’ll be looking to go long a few lots on pullbacks to theRead More
Silver’s formerly once a weekday price “fix” is being replaced as of today with an algorithm that will operate fully electronically, more in line with today’s best practices at futures exchanges. Here’s a link to a piece on the revamp from Zerohedge.com. Gold (CME GC Dec14)’s near-term bullish profile weakened somewhat yesterday given the marketRead More
Corn (CME ZC Dec14) gave up some of its post-WASDE gains yesterday, but still remains my long of choice. If you go to Stockcharts.com and pull up $CORN’s Slow Stochastics on a 5yr weekly chart, the %K and %D sit at 3.26, 2.24 respectively. The fact that WASDE wasn’t able to take ZC much lowerRead More
