Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG sold off strongly yesterday ahead of today’s storage figures, and now sits just above the 2015 low formed in February. As seen in the weekly chart, NG’s descending wedge appears to have some downside before itRead More
Tag: CC_F
Natural Gas (NG) Rejected at Descending Wedge Resistance on Weekly Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG Mar15) Weekly/Daily/4hr/Hourly NG pulled back yesterday leading up to and following the storage figures release, retracing roughly 61.8% of the rally since Monday. With the pullback, NG sits near the price at which it broke above downchannel resistance (onRead More
Natural Gas (NG) Spikes to Descending Wedge Resistance Ahead of Storage Figures
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG Mar15) Weekly/Daily/4hr/Hourly NG spiked up over 6% at one point yesterday, strongly adding to the gains Tuesday on the back of the break above downchannel resistance (on the daily chart). In the weekly chart, NG is now testing descendingRead More
WTI Crude (CL) Nearing 50% Retrace of 44-54 Rally Ahead of Inventory
Please 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, suggestingRead More
Cocoa (CC) Targeting Downchannel Resistance on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cocoa (ICE CC May15) Weekly/Daily/4hr/Hourly CC`s been rallying strongly off of the descending wedge support (on the weekly chart) and downchannel support (on the daily chart) since early last week. Although CC now sits at a horizontal resistance line (on the daily chart),Read More
Arabica Coffee (KC) Triple Bottom Holding on Daily Chart
Please 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 seenRead More
Gold (GC)’s Clears Downchannel Resistance on Weekly Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Japanese Yen Philadelphia Index Weekly The Yen index edged higher yesterday, sitting above 30 on its weekly RSI. The weekly RSI and MACD are still exhibiting positive divergence, while the weekly Stochastics %K and %D have crossed above 10. Let’s view the USDJPYRead More
USDJPY Testing Upchannel Support on Weekly/Daily Charts
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Japanese Yen Philadelphia Index Weekly The Yen index pushed higher Friday post-NFP, and inched back above 30 on its weekly RSI. The weekly RSI and MACD are still exhibiting positive divergence, while the weekly Stochastics %K has crossed above 10. Let’s view theRead More
Cocoa (CC) Breaking Downchannel Resistance on the Weekly Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cocoa (ICE CC Mar15) Weekly/Daily/4hr/Hourly CC broke yesterday above a downchannel resistance line (on the weekly chart) and a symmetrical triangle resistance line (on the daily chart). Its weekly and daily RSI, Stochastics and MACD, along with 4hr MACD are all sloping upRead More
SNB Surprise Fuels EURCHF Spike Up, EURUSD Weakness
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cocoa (ICE CC Mar15) Weekly/Daily/4hr/Hourly CC has seen a surge in upward momentum over the last few weeks, and is currently just shy of a downchannel resistance line (as seen on the weekly chart). Nearer term, on the daily chart, CC is flirtingRead More