AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD continued pushing higher yesterday, and now sits just shy of a downtrend line drawn on the daily chart, suggesting resistance at roughly .875. Upchannel resistance within the 4hr chart also suggests a pause around .875. On the weekly chart, AUDUSD increasingly appears as if it might be forming a triple bottom,Read More
Tag: $CL_F
Raw Sugar (SB) Rallies Almost 4% and Testing Major Resistance
AUDUSD Weekly/Daily/4hr/Hourly Following an initial dip yesterday, the AUDUSD rallied over a hundred pips to near the middle of the horizontal channel that it has relcaimed (as seen in the daily chart). On the weekly chart, AUDUSD increasingly appears as if it might be forming a triple bottom, with the recent break beneath horizontal channelRead More
Trading Subdued Today w/ US/Canada/France Bank Holiday
AUDUSD Weekly/Daily/4hr/Hourly After a bit of a dip yesterday, the AUDUSD has begun bouncing back in today’s Asian session, and now sits around channel support (as seen on the daily chart). Within the 4hr chart, AUDUSD can be seen testing a downchannel resistance line, and assuming it breaks above it, could be targeting the downtrendRead More
Natural Gas (NG) Gaps Up Again; Consolidation Overdue
I’ve updated the monthly charts that appear on the main homepage, to feature 8 monthly charts that warrant attention. These long-term charts will provide added perspective to many of the setups featured in the daily newsletter. At times, the monthly chart analysis will be at odds with the weekly chart analysis, and should be respectedRead More
Caution Ahead of NFP (Non Farm Payrolls)
There aren’t any high probability trades on my watchlist today ahead of NFP (Non Farm Payrolls). NFP releases at 830am EST, and the trading range of most markets will be relatively tight up until the announcement. Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly Post NFP, CT could be worth considering on the long side as it sitsRead More
ECB, BOE Rate Announcements, US Unemployment Claims Today
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly KC inched ever more closely towards a tradable bottom yesterday, with the weekly candle currently looking like a Doji finding support at the uptrend / ascending triangle support line. In the weekly and daily chart, the RSI/Stochastics are all bottomish, with the main concern for bulls now still beingRead More
Natural Gas Gaps Up Almost 4% With Today’s Open
A number of commodities and FX pairs continued feeling the aftermath of the FOMC-induced USD strength Friday, with silver, gold, WTI Crude, AUDUSD, EURUSD and GBPUSD being among notable casualties. Natural Gas was flattish, while others like Arabica Coffee edged closer towards a tradable bottom. The US equity markets are now above the highs ofRead More
Time to Bargain Hunt after Silver Plunge?
Commodities exhibited a mixed performance yesterday, with some watchlist markets like Natural Gas forging ahead on a new uptrend, while others like Arabica Coffee inched closer towards a tradable bottom. Silver was the worst performer of the day among all of my watchlist markets with it plunging to what appears to be a descending wedgeRead More
Natural Gas (NG) Breaking Downtrend, WTI Crude (CL) Still Bottoming
The FOMC didn’t fail to disappoint those long volatility going into the announcement, and created ample opportunities around many of the markets highlighted yesterday to either intiate new positions, add to existing ones, or to reposition. Watch out for US GDP (quarter over quarter) and unemployment figures today at 830am EST as well as JanetRead More
Sit Tight and Await 2pm EST FOMC
Best to be cautious ahead of today’s FOMC announcement at 2pm EST. There’ll likely be minimal market movement leading up to the FOMC, and it may pay to just take the day off trading (for those who trade intraday), and prepare for the opportunities that await post FOMC. Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT providedRead More