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
Tag: VIX
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
Cotton (CT) Ready to Rebound
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly CT saw a bit of hestitation yesterday after Wednesday’s minor bounce, giving up most of the prior day’s gains. The pullback has been shortlived though, as at the time of this writing (early in the Asian session), CT is moving up again and continues exhibiting bottoming characteristics on its weeklyRead 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
Accumulating Corn (ZC)/Wheat (ZW)/Cotton (CT)/Natural Gas (NG) Longs
Today’s going to be a busy day of trading as I’ll be accumulating fresh longs on Corn (CME ZC Sep14), Wheat (CME ZW Sep14) and Natural Gas (CME NG Sep14) after having traded in and out of them last week. I’m still holding two lots of Cotton (ICE CT Dec14) long from last week, andRead More
Netflix (NFLX) Rolling Over
Netflix (NFLX) has been exhibiting toppish behavior for a few weeks now, and is now added to the watchlist as both its weekly as well as daily charts now point lower. Given the downward pressure in the last few sessions, selling into a small bounce today or early next week may present better risk-reward. ArabicaRead More
Arabica Coffee (KC) Rallies Again
After a strong performance of over 4% in gains yesterday, Arabica Coffee (ICE KC Sep14) has reclaimed the 38.2% retrace level of the 2014 Jan-Apr rally. KC will likely experience a bit of profit taking today, but has now with an increasingly bullish weekly chart, laid a strong foundation for gains in the weeks ahead.Read More
BUXL (GBX) Added to Watchlist
Buxl (Eurex GBX Sep14) has been added to today’s watchlist, as the German bond complex (particularly the Buxl, Schatz and Bobl) is beginning to show signs of topping after a strong extended rally. Arabica Coffee (ICE KC Sep14) experienced a bit more profit taking yesterday after a strong Friday. Expect a little more downside pressureRead More