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
Tag: USDJPY
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
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
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
Pending Volatility Spike on Corn (ZC), Wheat (ZW), Soybeans (ZS) Post-Wasde
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT continued selling off yesterday after hitting a key resistance level (former ascending triangle support as seen in the daily chart), but found support at the 50% Fibonacci retracement of the rally from .61 to .653 (as seen in the 4hr chart). Its weekly and daily RSI, Stochastics and MACD,Read More
Gold (GC), Silver (SI) Weekly/Daily/4hr Charts Bullishly Align
Gold (CME GC Dec14) Weekly/Daily/4hr/Hourly GC has made a nice bounce this week off of downchannel support (as seen in the daily chart) and is now at the same channel’s resistance. On the weekly chart, you can also see GC having successfully bounced off of major support from its Dec/Jan lows. Bullishly, the weekly, dailyRead More
Commodities Taking Breather Before Resuming Upside
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT pushed further up yesterday, but may tire today following signficant gains over the last few sessions. It now sits near the middle of a channel just under an ascending support turned resistance line (as seen in the daily chart). Although CT’s weekly RSI, Stochastics and MACD are all turningRead More
Commodity Laggards Silver (SI), Gold (GC) Bottoming
Although I feel silver (CME SI Dec14) and gold (CME GC Dec14) are bottoming, I haven’t profiled their charts in today’s list as I still feel their trade setups offer slightly less favourable risk:reward versus my trade ideas presented below. As usual, I try listing as many tradable setups (which I consider trading during theRead More
Corn (ZC), Wheat (ZW) Weekly/Daily/4hr Charts Bullishly Aligning
Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly ZC is at the end of a descending wedge now (see weekly chart), and its weekly, daily and 4hr RSI, Stochastics and MACD are all sloping up and pointing bullishly. On the 4hr chart, ZC has broken above a descending channel resistance line, and next resistance is only slightly aboveRead More