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
Tag: GBPUSD
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
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
WTI Crude (CL) Retesting Downchannel Resistance on Weekly Chart on Sharp Rebound
Please 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 madeRead More
WTI Crude (CL) Plunges Over 5% from Downchannel Resistance
Please 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). TheRead More
WTI Crude (CL) Hits Downchannel Resistance on Weekly Chart
Please 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 followingRead More
Nikkei (NK) Breaks Below 2 Wk Upchannel Support on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Nikkei (SGX NK Mar15) Weekly/Daily/4hr/Hourly The NK was rejected last week from its descending resistance line (on the daily chart) and has broken in the last few sessions below a 2 week upchannel support line (seen on the daily chart). The daily RSIRead More
WTI Crude (CL) Breaks Above Downchnanel Resistance on Daily Chart
Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL surged late in Friday’s session, particularly after its pit close, breaking above the downchannel resistance line (on the daily chart), and testing the more significant downchannel resistance line (on the weekly chart). The weekly MACD greenRead More
A50 (CN) Weekly Candle Confirming Dragonfly Reversal Signal
Please Register/Login to view the complete edition of Today’s Top 10 Trades. A50 (SGX CN Feb15) Weekly/Daily/4hr/Hourly CN continued exhibiting downward pressure yesterday (and in the Asian session today), further elongating the weekly red candle and confirming the reversal signal that was produced by last week’s Dragon Fly candlestick. Longer term 5yr weekly chart analysisRead More
S&P500 (ES) Breaks 2k Support Level Following FOMC
Please Register/Login to view the complete edition of Today’s Top 10 Trades. VIX (CFE VX Feb15) Weekly/Daily/4hr/Hourly The VX surged yesterday following the FOMC, and is now just shy of the upchannel resistance (on the daily chart). On the 4hr chart, the VX can be seen having hit horizontal resistance at 20.5, and will likelyRead More