Today’s market moving data (US Durable Goods and Consumer Confidence #s) will be released at 830 and 10pm EST respectively. There’ll likely be enough market movement leading up to the data releases and just after to make a few intraday trades as well as to reposition ahead of the very important FOMC tomorrow. Those moreRead More
Tag: NFLX
Soybean (ZS) Weekly/Daily/4hr Charts Bullishly Aligning
Soybean (CME ZS Nov14) Weekly/Daily/4hr/Hourly ZS rallied strongly yesterday, breaking above its descending wedge resistance (as seen in the weekly chart) along with the downchannel resistance (as seen in the daily chart). On the 4hr chart, it is currently flirting with breaking an ascending triangle resistance. With its weekly, daily and 4hr RSI and MACDRead More
Wheat (ZW)’s Weekly/Daily/4hr Charts Aligning
Wheat (CME ZW Dec14) Weekly/Daily/4hr/Hourly ZW rallied ahead of the WASDE report last Friday, and only pulled back marginally following the release. It continues consolidating the Friday gains in the Asian session, and appears set to resume upside shortly. ZW is just about to break above the descending wedge resistance line (as seen in theRead More
EURUSD Bottoming, USDJPY Topping
Euro Philadelphia Index Weekly The Euro index can be seen probing a major horizontal support line as seen in my weekly chart below. I originally drew this support line slightly higher (as seen in the chart images used for the Euro index in the last few days), so it appeared as if major support wasRead More
Arabica Coffee (KC) Upward Momentum Increasing
Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly KC added to its rally yesterday, and still looks bullish on its weekly RSI and Stochastics, fueling its march towards triangle resistance (as seen on the weekly chart). Although the daily Stochastics is showing initial signs of tiring, with the weekly MACD not quite having crossed positively yet, IRead More