GBPUSD Breaks Above Downchannel Resistance on Daily Chart

GBPUSD (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view Today’s Top 10 Trades. Each day, the top 10 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiri…

Natural Gas (NG) Breaks Above Descending Wedge Resistance on Weekly Chart

Natural Gas (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view Today’s Top 10 Trades. Each day, the top 10 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiri…

Cotton (CT)’s Weekly/Daily/4hr/Hourly Signals Aligning

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…out trading NG until it begins forming a sustainable bottom. Although the BUXL (Eurex GBX Sep14) sold off slightly yesterday, it is expected to continue benefiting from safe haven inflows, and on bullish near-term technicals. The weekly MACD histogram continues rising, and the price is gravitating towards GBX’s all time high made in April 2012. I’ll likely remain flat GBX for the next few weeks. Note the daily reshuffling of the charts below. As…

Silver (SI) “Daily Price Fix” Replaced Today with Electronic Pricing Algorithm

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…o be more near-term momentum pushing the German bond complex including the BUXL (Eurex GBX Sep14) higher. Note how the weekly MACD histogram continues rising, suggesting a top is further away than initially thought. As mentioned, the upside risk is to GBX’s all time high made in April 2012. I’ll likely remain flat GBX for the next few weeks. Note the daily reshuffling of the charts below. As mentioned, they’re ordered by how favourable the risk:re…

Silver (SI) Readying to Catch Up to Gold (GC)’s Performance

Corn (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…sit out trading NG as the weekly MACD still points steeply negatively. The BUXL (Eurex GBX Sep14) short idea seems more distance again after yesterday’s weekly MACD histogram rose from the prior week’s. As mentioned, the upside risk is to GBX’s all time high made in April 2012. I’ll likely remain flat GBX for the next few weeks. Note the daily reshuffling of the charts below. As mentioned, they’re ordered by how favourable the risk:reward of the t…

Silver (SI) Rally Attempts Warns of Trend Reversal

Silver (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…e the change in contract month to the Oct given the rollover taking place. BUXL (Eurex GBX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The GBX is closer to being on my radar as it approaches its all-time April 2012 high. Watch in the next few sessions for its weekly MACD to stop rising and begin falling, and for its weekly RSI and Stochastics to begin rolling over. Note the daily reshuffling of the charts. As mentioned, they’re ordered by how favour…

Cotton (CT) Ready to Rebound

Cotton (Wkly/Dly/4hr/Hrly) Charts

…S&P500 (CME ES Dec14) Weekly/Daily/4hr/Hourly USDX Weekly EURCHF, GBPUSD, Buxl, Silver and Gold are all looking increasingly interesting but I won’t have time to cover them as I’m trying to limit the number of markets covered to the symbols I can cram into my daily tweet (on Stocktwits.com/Twitter.com). Once one of these markets provides a better risk:reward trade setup, I’ll bump off one of the markets profiled above. Newsletter Guide Trading Ru…

Arabica Coffee (KC) Spikes 4.8%

Silver (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…go much higher ahead of this Thursday’s numbers. I will remain flat today. BUXL (Eurex GBX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The GBX continues sitting off my radar until it hits its all-time April 2012 high. I will then watch for its weekly MACD to stop rising and begin falling, and for its weekly RSI and Stochastics to begin rolling over. Note the daily reshuffling of the charts. As mentioned, they’re ordered by how favourable the risk:re…

Arabica Coffee (KC)’s Weekly/Daily/4hr/Hourly Signals Align

Silver (Wkly/Dly/4hr/Hrly/30min/5min) Charts

…those gains (similar to that which we’re currently still seeing with ZW). BUXL (Eurex GBX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The GBX is almost at its all-time April 2012 high. After yesterday’s slight pullback, its weekly MACD histogram stopped rising and began falling for the first time in the current histogram rally. A few more drops in the weekly MACD histogram should begin to level off the weekly MACD lines and coincide with the weekly…

Commodity Laggards Silver (SI), Gold (GC) Bottoming

Cotton (Wkly/Dly/4hr/Hrly) Charts

…/Daily/4hr/Hourly VIX (CFE VX Oct14) Weekly/Daily/4hr/Hourly Nasdaq100 (CME NQ Dec14) Weekly/Daily/4hr/Hourly S&P500 (CME ES Dec14) Weekly/Daily/4hr/Hourly Euro Philadelphia Index Weekly EURUSD Weekly/Daily/4hr/Hourly USDX Weekly USDJPY Weekly/Daily/4hr/Hourly EURCHF, Silver, Gold, GBPUSD and Buxl are all looking increasingly interesting but I won’t have time to cover them as I’m trying to limit the number of markets covered to the symbols I can c…