Looking for bullish set up on 4hr chart to get long
Long cotton. Trendline setup. It this does not hold here - I will be looking for short position on a re-test under the trendine.
Stop 461. Looks like the sort of trade I will regret. Bull-tinted spectacles required
A little lower and Im not sure I could resist a low risk (punt). If it doesnt, I will look to enter on a decisive break of the upper band of the L/T down channel. Break of HZ support, will look to enter. Still will be a great trade for 2016 either way
... imo - on the chart, we see two very rare formations: the triangle where one of the sub-waves is itself a triangle, and complex head & shoulders pattern. In a small triangle - minimum level for the wave e /orange/ is reached. thepatternsite.com www.elliottwave.com
Another commod that looks like primed for a big move. Just waiting for the U$ to decide
Possible short trade idea with a stop @ 15.12+spread
Price has hit a big resistance and RSI is about to cross.
The wheat chart has a very interesting and huge terminal triangle in the weekly scale. You can enter long as depicted on chart, and aim for the high volume node above, or even the start of the terminal triangle if it were to be valid. As you can see in the related ideas, it's highly probable that the dollar has topped in the long term, and the macroeconomic...
Here I am with a little contrarian idea. There's a nice 15% spread to be filled when comparing the Argentine peso to the other South American economies. The stock market also took a nose dive and is poised to retrace, since it's possible that live cattle and soybeans will head up from this point (and the Merval has a healthy correlation with those two among other...
Both fundamentals (record/near record crop yields), strong U$ and technicals favour continue downside
Potential Bearish Crab for future reference. Short: 1.49 SL: 1.57 Target: 1.29
Looking to sell @ point C around 0.7400 with respect to an inside gartley. HOWEVER, there is absolutely no reference to previous structure which is fundamental in legitimating a potential reversal zone and as such I shall wait for double-top. Thanks
Corn is ripe for the picking and ready to POP. With glut of corn in silo's we like the downside...BUT, this can either way. Be nimble. We expect a nice 6-8 day run.
Coffee still in Bearish trend in weekly and monthly basis. So its time to take this action to make some profit. I'm watching coffee index and its almost 100% correlated with other coffee futures.