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Tag: VIX
Silver (SI) Testing Weekly Chart Descending Wedge Resistance
Silver (SI) is consolidating for a 2nd straight day, hesitating after bumping up against descending wedge resistance (on the weekly chart). Any break of upchannel support (on the 4hr chart) today will deepen SI’s profittaking…
Natural Gas (NG) Weekly MACD Trying to Negatively Cross
Natural Gas (NG) is slowing in its slide from its 2022 high in August near the psychologically key 10 whole figure level, with a bit of short covering likely ahead of Thursday’s widely anticipated weekly storage. Nevertheless, NG appears vulnerable to deepening in its consolidation post-storage below the August low…
Corn (ZC) Weekly Doji Near 50% Fib Retrace of May-Jul Slide
Corn (ZC)’s bounce off the July low appears to have ended for now with last week’s weekly Doji closing around the 50% Fib retrace of the May to July slide. ZC has also bumped up against what is arguably triangle resistance (on the daily and weekly chart)…
USDCAD Nearing 2022 High Ahead of NFP
The USDCAD is nearing the 2022 high, with the catalyst for forming a fresh 2022 high arriving as early as today following the 10am EST US ISM manufacturing PMI. More likely though is for any break to occur only after Friday’s highly anticipated US Non-Farm Payrolls and unemployment rate…
Nasdaq100 (NQ) Unwinds Half of Jun-Aug Dead Cat Bounce
Nasdaq100 (NQ)’s Dead Cat Bounce appears to have ended at the 50% Fib retrace of the January to June slide, giving back roughly half of the late June to mid August rebound. Although the Nasdaq100 (NQ) is trying to form a weekly Doji, attempting to halt the slide from the August high, NQ is unlikely before Friday to reclaim last week’s high…
Natural Gas (NG) Weekly Gravestone Rejected @ Key 10 Level
Natural Gas (NG) reversed more than 5% lower yesterday after getting rejected at the psychologically key 10 whole figure level. NG is suddenly forming a weekly Gravestone after just having reached a fresh 2022 peak yesterday, and is vulnerable to more healthy profittaking ahead of and following Thursday’s widely anticipated weekly storage…
VIX (VX) Daily MACD Positively Crossing
The VIX (VX) is trying to halt the slide from the June high, and no longer appears like it will retest the 2022 low (from last week) before month end. Increasingly likely is a weekly close within the same timeframe, above descending wedge resistance (on the weekly chart)…
Corn (ZC) Daily Chart Triangle Near Complete
Corn (ZC) is in the advanced stages of a triangle (on the daily chart), where odds are improving for the July low to hold the balance of August. ZC remains shaky nevertheless where a break below the daily chart triangle support and psychologically key 600 whole figure level would likely be followed in the week after by a test of the July low…
Nasdaq100 (NQ) Weekly MACD Trying to Positively Cross
The Nasdaq100 (NQ) is tiring in its Dead Cat Bounce, but appears to still have a few months to go before the downchannel (on the weekly chart) is ready to resume. Key in the next day or so will be whether NQ can bounce off upchannel support (on the 4hr chart) which would coincide with a break above downchannel resistance (on the daily chart) and the psychologically key 12k whole figure level…