Please Register/Login to view today’s complete Newsletter. Corn (CME ZC Mar15) Weekly/Daily/4hr/Hourly After over a month of consolidation following a strong rally off of a major bottom, ZC is back on my daily watchlist as it appears close to breaking out of its consolidation and resuming its rally. In the weekly chart, an Inverse HeadRead More
Tag: ZC_F
USDX (DX) Sits Above 4yr Upchannel Resistance Ahead of NFP
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index saw a bit of whipsaw action yesterday, disappointing Euro bears who were hoping that the ECB would announce the introduction of its version of QE. The Euro index appears to continue forming a tradable bottom with the weekly RSI and StochasticsRead More
Natural Gas (NG) Breaking Downtrend, WTI Crude (CL) Still Bottoming
The FOMC didn’t fail to disappoint those long volatility going into the announcement, and created ample opportunities around many of the markets highlighted yesterday to either intiate new positions, add to existing ones, or to reposition. Watch out for US GDP (quarter over quarter) and unemployment figures today at 830am EST as well as JanetRead More
S&P500 (ES), Nasdaq100 (NQ) Back to Breakdown Range
VIX (CFE VX Nov14) Weekly/Daily/4hr/Hourly The VIX had a decent bounce yesterday off of support (prior resistance) in the 17-17.5 range (as seen in the daily chart). Adding to the cautiously bullish case of the VIX near-term, on the weekly chart, the VIX can argubaly have bounced yesterday off of an upchannel support line. DespiteRead More
Cotton (CT) Ready to Resume Upside
Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly After yesterday’s late session rally, CT appears like it’s just about finished consolidating, and ready to form a higher low (as seen in the daily chart). On the 4hr chart, CT’s approaching downchannel resistance, but given the rising (or about to be rising) RSI, Stochastics and MACD across the weekly,Read More
WTI Crude (CL) Lagging Other Commodities in Bottoming
AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD pushed higher yesterday and now appears to be on the verge of breaking a symmetrical triangle as seen in the 4hr chart. In the daily chart, AUDUSD is edging towards channel resistance around .8875. The weekly, daily and 4hr RSI, Stochastics and MACD are all bullishly sloping up or about toRead More
AUDUSD, EURUSD about to Resume Rally
AUDUSD Weekly/Daily/4hr/Hourly The AUDUSD continues consolidating nicely around a prior major bottom (as seen in the weekly chart). The .8625 to .8875 sideways channel it currently sits within will likely resolve to the upside in the next session or so as the weekly, daily and 4hr RSI, Stochastics and MACD are all bullishly sloping upRead More
Tesla (TSLA) to Follow Netflix (NFLX) Plunge?
Although I missed shorting Netflix (NFLX) and Tesla (TSLA) these last few weeks, focusing on trading commodities and the equity indices and VIX, I thought it’d be worth profiling the similarity in the NFLX weekly chart analyses I shared on Tradingview.com a month back (https://www.tradingview.com/v/UjIECDyz) to TSLA’s (https://www.tradingview.com/v/A9hUXXuz) also posted a month back. Although IRead More
EURUSD, AUDUSD, GBPUSD Consolidating Rally off Bottom
Euro Philadelphia Index Weekly The Euro index surged higher yesterday, and as can be seen in the weekly chart below, has 130 in its crosshairs. Before hitting this next key target, consolidation today is in order after the bounce from 125. Refer to the shorter timeframe EURUSD charts below for a clearer picture of thisRead More
Commodities at Various Stages of Consolidation Before Resuming Rally
Raw Sugar (ICE SB Mar15) Weekly/Daily/4hr/Hourly SB has completed its basing these last few sessions following a pullback late last week, and is now resuming its march higher. On the daily chart, SB appears to want to target the upchannel resistance at roughly .175. On the 4hr chart, the ascending wedge drawn suggests upside mayRead More