Please Register/Login to view the complete edition of Today’s Top 10 Trades. Cotton (ICE CT Mar15) Weekly/Daily/4hr/Hourly CT surged late in yesterday’s session, after having initially pushed below .6. By the close, CT was back in the upper half of the upchannel as seen in the 4hr chart. On the daily chart, CT continues itsRead More
Tag: NG_F
USDX Sitting Back Below 4yr Upchannel Resistance Ahead of FOMC
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Euro Philadelphia Index Weekly The Euro index charged higher yesterday on the back of the French and German Flash Manufacturing PMI, German ZEW Economic Sentiment, and US Building Permits. In the weekly chart below, the RSI is now firmly back above 30. WeeklyRead More
EURUSD, GBPUSD Trading Range Likely Tight Despite Busy News Day, as FOMC Looms
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Euro Philadelphia Index Weekly The Euro index slid a bit yesterday on some profittaking ahead of today’s busy news schedule. At 3am EST, French Flash Manufacturing PMI will be released, followed by the 330am EST release of the German Flash Manufacturing PMI, andRead More
Arabica Coffee (KC) Surges Over 3% with Rally Resumption
Arabica Coffee (ICE KC Mar15) Weekly/Daily/4hr/Hourly KC surged yesterday more than 3.2%, and now has upward momentum even on the weekly chart, with the MACD green line flattening and perhaps positively crossing over in the next few sessions. After yesterday’s strong rally though, a bit of profittaking could hit KC in the first half ofRead More
Silver (SI) Approaching July-Current Downtrend Resistance
Euro Philadelphia Index Weekly The Euro index continues forming its tradable bottom, with the weekly MACD about to positively crossover finally, and a positive divergence seen between the weekly RSI, Stochastics and price. Longer term, one can spot potential downside risk to 119-120, especially within the context of a monthly chart. Let’s view the EURUSDRead More
EURUSD Edging Closer to Tradable Bottom
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
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
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