…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL rallied strongly yesterday on the back of its inventory figures, before stalling at the psychologically important resistance level of 50. The rally further reinforced the break above downchannel resistance on the weekly chart. On the daily chart, CL appears to be nearing the end of a symmetrical triangle, where volatility…
…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL May15) Weekly/Daily/4hr/Hourly CL rallied yesterday ahead of the weekly inventory figures, pulled back slightly on its release, before surging higher in today’s Asian session, powering above downchannel resistance (on the weekly and daily charts), and upchannel resistance (on the 4hr chart). The potential double bottom cited earlier this and last week has…
…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Apr15) Weekly/Daily/4hr/Hourly CL saw a bit of profittaking yesterday following Wednesday’s rally, retracing 38.2% of the up move from roughly 48 to 52 (as seen in the 4hr chart). CL is now in the middle of a sideways channel (on the daily chart) and significantly, trying to hold a break above a downchannel resistance line (on the weekly chart). Weekly and…
…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Apr15) Weekly/Daily/4hr/Hourly CL sold off yesterday further ahead of today’s inventory figures, and is bouncing off of the familiar 48-49 support that’s been observed over the last several weeks. CL continues testing downchannel resistance (on the weekly chart), while trading within an increasingly tight range (as seen on the daily chart). Although weekly…
…likely to provide a trend reversal or ongoing momentum in the coming week. WTI Crude (CME CL Apr15) Weekly/Daily/4hr/Hourly CL sold off strongly yesterday ahead of and following the API supply figures, and is trying to find ascending triangle support (on the daily and 4hr chart) during the Asian morning. With yesterday’s FOMC out of the way, the next big announcement will be today’s inventory (as it was moved from yesterday given the US Monday hol…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL plowed further ahead yesterday, easily slicing through 50 to 54 intraday, before encountering downchannel resistance (on the weekly chart). The weekly MACD green line is beginning to turn up, suggesting a positive crossover soon, and following the rallying weekly RSI and Stochastics, and daily MACD. The daily and 4hr RSI a…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL sold off fairly aggressively in yesterday’s US morning session, briefly touching 50 around 1pm EST after having traded at a high of 54 Monday. The 4hr RSI, Stochastics and MACD are now all sloping down, suggesting more downside ahead of today’s inventory figures. A further dip post inventory may find support around the 50%…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL pushed lower in the early part of yesterday’s Asian session, only to power ahead over 5% during the European session. CL is now retesting its downchannel resistance (on the weekly chart) and appears to have made a double bottom (on the daily chart). The weekly and daily RSI, Stochastics and MACD are mostly sloping up, with…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL has made a more than 50% retracement of the gains from the 3 day rally, and found its initial bounce in today’s Asian session at just above the 61.8% Fib retrace (of the same rally). The strong selloff began after CL hit its downchannel resistance (on the weekly chart) and accelerated with the break below the uptrend suppo…
…) Weekly/Daily/4hr/Hourly Raw Sugar (ICE SB Mar15) Weekly/Daily/4hr/Hourly WTI Crude (CME CL Nov14) Weekly/Daily/4hr/Hourly Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly USDX (ICE DX Dec14) Weekly/Daily/4hr/Hourly Although I feel the Nasdaq100 (CME NQ Dec14), S&P500 (CME ES Dec14), TSLA and the USDJPY continue forming major tops, and the VIX (CFE VX Oct14) a major bottom, I haven’t profiled their charts in today’s list as their daily and 4hr…
