Wheat (ZW) Spikes 4% on Double Bottom with November Low

ZW (Wheat) Technical Analysis

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Cocoa (CC) Retesting Daily Chart Downchannel Resistance

CC (Cocoa) Technical Analysis

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US Treasury Bond (ZB) Forming 1st Green Weekly Candle in 7 Weeks

ZB (US Treasury Bond) Technical Analysis

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US Treasury Bond (ZB) Testing Daily Chart Downtrend Resistance

ZB (US Treasury Bond) Technical Analysis

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GBPUSD Nears Weekly Chart Descending Wedge Resistance Ahead of Data Deluge

GBPUSD Technical Analysis

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GBPUSD/EURUSD Rally Warming Up as USDX Rejected @ Channel Resistance

Euro Weekly Chart

…decision today along with that of the Eurozone Core CPI tomorrow, and SNB Gold Referendum Sunday. British Pound Philadelphia Index Weekly The British Pound index has bounced off nicely from the 61.8% Fibonacci retracement (of the July 2013-July 2014 rally) support line at roughly 157. The index’s weekly RSI is now back above the 30 level. The weekly Stochastics is also turning up from an oversold level, with the lagging weekly MACD black line fla…

Increasing Expectations for No Vote on Nov 30 Swiss Referendum

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

…wiss referendum on whether the SNB should more than double its holdings of gold to at least 20%. The last poll on Nov 19 suggested support for the gold proposal had fallen to 38% from 44% in October, with opposition up to 47% from 39% in October. Euro Philadelphia Index Weekly The Euro index bounced modestly yesterday after Friday’s Draghi-induced selloff. His comments fueled speculation that the ECB will expand its current purchase of asset-backe…

AUDUSD Bullishly Aligning on Weekly/Daily/4hr Charts

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

…assets to at least 20%. Anticipation of a yes vote has spurred the recent gold rally, and weakened the EURCHF in recent weeks. Keep an eye this week for further surveys ahead of the referendum along with price action in gold (which can sway voter indecision). Euro Philadelphia Index Weekly The Euro index weakened Friday due to Draghi’s dovish comments, bolstering expectations of an expansion of ECB’s current asset-backed securities and covered bo…

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

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

…se should be clear. Refer to Stockcharts.com and view the 10 year monthly $GOLD and $SILVER charts with MACD, Slow Stochastics and RSI as well. Viewing a long-term chart of the ratio of the gold price to silver’s will also illustrate how the ratio is fairly high in its historical range, suggesting that we could see a change in relative performance between these two in the mid-term. Corn (CME ZC Dec14) inched up nicely yesterday, further reinforcin…

EURUSD Nearing Weekly Chart Descending Wedge Resistance

EURUSD Technical Analysis

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