…eadline above. Today’s Top 3 Trades includes technical analysis on: Softs (Arabica Coffee | Raw Sugar) + Today’s Top Trade (S&P500) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. As seen on Bloomberg, Refinitiv, FACTSET and Interactive Brokers, readers regularly include global top 10 investment banks. If you represent an i…
…/Canada Labour Day holiday trading hours in effect for select CME markets. Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min KC was closed yesterday so today’s notes are a repeat of yesterday’s. KC is in the late stages of completing its pennant as seen in the 4hr chart. The hourly chart provides a view of a wedge pattern within the pennant. Zooming out into the daily chart, you can see that KC’s in the middle of an upward sloping c…
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly/30min/5min After yesterday’s late session rally, KC sits increasingly well positioned for a resumption of its uptrend. Crucially, the weekly and daily RSI, Stochastics and MACD are all trying to bottom, with the exception of the weekly MACD which still slopes down slightly. I’ll continue watching for a near-term peaking of US Dollar Index strength (as described further down this page), which w…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC pushed higher Friday, spiking halfway through the session to just shy of 1.7, before pulling back on profittaking. While the 4hr chart’s slightly downward sloping channel resistance has held for now, the bullish triple bottom seen in the daily chart along with positive RSI, MACD divergence and a flattening weekly MACD…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC rallied over 3% yesterday off of a double bottom (with the early January low being the first bottom). The weekly, daily and 4hr RSI, Stochastics and MACD are all sloping up now, with the exception of the weekly RSI which remains fairly flattish. The double bottom bounce yesterday also occurred just above downchannel s…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC is entering its historically bullish season, and has strongly bounced off its downchannel support (in the weekly and daily charts). With the current long green weekly candle pulling the weekly RSI and Stochastics up, the downtrend seen in KC since last October appears to be ending. On the daily and 4hr charts, the RSI…
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC surged yesterday more than 3.2%, and now has upward momentum even on the weekly chart, with the MACD green line flattening and perhaps positively crossing over in the next few sessions. After yesterday’s strong rally though, a bit of profittaking could hit KC in the first half of today’s session, before KC resumes its rally. Bullishly, the weekly and daily RSI, Stochastics and MACD are all…
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC convincingly broke out of its bottoming phase yesterday adding more than 2% on the day. Admittedly, I was about a week early in expecting the completion of this bottoming. KC appeared earlier this week to have broken beneath the ascending triangle support line as seen in the weekly chart, but with yesterday’s rally and the weekly RSI and Stochastics finally trying to turn up, KC should be o…
…May17) – Long 2042 1996 -46 -460 -3895 2026 -16 -160 1155.63 Feb 17, 2017 Arabica Coffee (ICE KC May17) – Long 149.55 151.85 2.30 862.50 -3032.50 146.25 -3.30 -1237.50 -81.87 Feb 20, 2017 BUXL (Eurex GBX Mar17) – Long 161.38 (Jun17 quotes as Mar17 no longer available) 161.22 -0.16 -160*1.0545=-168.72 -3201.22 162.84 1.62 1620*1.0590=1715.58 1633.71 Feb 21, 2017 Arabica Coffee (ICE KC May17) – Long 150.35 149.20 -1.15 -431.25 -3632.47 140.70 -9.65…
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly KC added to its rally yesterday, and still looks bullish on its weekly RSI and Stochastics, fueling its march towards triangle resistance (as seen on the weekly chart). Although the daily Stochastics is showing initial signs of tiring, with the weekly MACD not quite having crossed positively yet, I expect today to be another up day for KC. Looking at the 4hr chart though, the RSI and Stochasti…
