TOP50’sTOP10 (BTCUSD, ETHUSD, LTCUSD, AVAXUSD, ATOMUSD, MATICUSD, BNBUSD, XTZUSD, EOSUSD, UNIUSD)
Bitcoin (BTCUSD) Reclaims Pre-FTX Levels
Nasdaq100 (NQ) Rejected @ Weekly Chart Descending Wedge Resistance
Nasdaq100 (NQ) slid more than 1% yesterday after getting rejected Wednesday at descending wedge resistance (on the weekly chart). NQ appears to be entering the advanced stages of the Dead Cat Bounce that began early in the new year, with odds increasing for NQ to slide back to this year’s low before month end…
Coffee Daily Jan 20, 2023
Arabica Coffee (KC) edged lower yesterday, consolidating the bounce that began last week off a fresh 2023 low. A test of the January high by month end remains moderately likely…
GBPAUD Rebounds From Near Key 1.75 Level
The GBPAUD is adding to yesterday’s massive 200 pip plus gains off just above the psychologically key 1.75 whole figure level. The GBPAUD is now nearing the 61.8% Fib Fib retrace of the February to September slide, with odds moderate for a test of the December high before month end…
Coffee Daily Jan 19, 2023
Arabica Coffee (KC) surged a massive 2.5% plus yesterday, extending the bounce that began last week off a fresh 2023 low. A test of the January high by month end now appears moderately likely…
WTI Crude (CL) Weekly MACD Tries Positively Crossing
WTI Crude (CL) is trying to add to yesterday’s gains after breaking above the psychologically key 80 whole figure level. Any decisive surge above the slightly downsloping resistance line (on the daily chart) connecting the December and January highs will likely though have to wait until after Thursday’s highly anticipated weekly inventory data (postponed from today due to Monday’s US Dr Martin Luther King Jr Day holiday).
Coffee Daily Jan 18, 2023
Arabica Coffee (KC) formed a 2nd straight daily Hammer yesterday, closing just above the psychologically key 1.50 whole figure level. Odds are elevated for the rebound from Wednesday’s fresh 2023 low to continue gaining steam this holiday-shortened week as KC tries bouncing off downtrend/descending wedge support (on the weekly chart)…
Nasdaq100 (NQ) Nearing Weekly Chart Descending Wedge Resistance
Nasdaq100 (NQ) is consolidating after the strong short covering last week, taking a breather before it attempts an extension to descending wedge resistance (on the weekly chart) going into February. NQ does not appear likely to slide back to the 2022 low before month end, with any test of the psychologically key 10k whole figure level and weekly chart descending wedge support likely deferring until at least mid February…
Coffee Daily Jan 17, 2023
Arabica Coffee (KC) tacked on another 1.5% plus Friday, closing above the psychologically key 1.50 whole figure level. Odds are elevated for the rebound from Wednesday’s fresh 2023 low to continue gaining steam this holiday-shortened week as KC tries bouncing off downtrend/descending wedge support (on the weekly chart)…
Soybean (ZS) Nears 2022 High Post-WASDE
Soybean (ZS) gained for a 3rd straight day Friday following the WASDE Thursday. When ZS reopens in the shortened session (with today being Dr Martin Luther King Jr Day), ZS will likely make an attempt at testing the January high…