VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX saw another day of mild downside pressure yesterday, but as with yesterday, has begun rebounding in today’s Asian session. The key July-September support zone (of 15-16 with the December contract) continues holding, and the VIX is now nearing the end of a symmetrical triangle as seen on theRead More
Tag: KC_F
USDX (DX) Testing Upchannel Resistance
VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX experienced a bit of profittaking Friday, but has begun rebounding in today’s Asian session. The key July-September support zone (of 15-16 with the December contract) is holding, and the VIX is now testing a symmetrical triangle resistance line as seen on the 4hr chart. The 4hr and dailyRead More
Arabica Coffee (KC) Completes Correction Since Mid October
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC convincingly broke out of its bottoming phase yesterday adding more than 2% on the day. Admittedly, I was about a week early in expecting the completion of this bottoming. KC appeared earlier this week to have broken beneath the ascending triangle support line as seen in the weeklyRead More
VIX Holding Support @ Jul-Sep Lows
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
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
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
Busy News Day: Services PMI (UK), ADP & ISM (US), Tesla (TSLA) Earnings
VIX (CFE VX Nov14) Weekly/Daily/4hr/Hourly The VIX continues basing nicely in the key 15-16 support zone ahead of this week’s ECB (Thursday) and more importantly, NFP (Friday). Although the weekly chart shows the VIX having broken beneath upchannel support, this break may be a false one, as there hasn’t been much follow through selling followingRead More
VIX (VIX) Basing, S&P500 (ES), Nasdaq100 (NQ) Toppish
VIX (CFE VX Nov14) Weekly/Daily/4hr/Hourly The VIX is basing nicely now in the key 15-16 support zone, and is beginning to see some upward momentum in the 4hr and daily charts. Although the weekly chart shows the VIX having broken beneath upchannel support, this break may be a false one, as there hasn’t been muchRead 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