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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. Soybean Oil (SOYUSD) hit some resistance around the 6315 price level and declined towards 5845 where the commodity found support. SOYUSD is rallying to re test 6315 resistance. Expectations are for the commodity to breakout higher and target 6700. Failure of this move would occur if SOYUSD...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The commodity Brent Crude Oil (BCO) has been in a rangebound movement since mid-October 2021, with resistance around the 86.50 price level and support observed around the 83.55 price level. Expectations are for a breakout higher towards 89.25. Failure of this move will be seen if BCO breaks...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The commodity Silver appears to have broken above 23.20 resistance from an ascending triangle setup. The support trend line was made with the higher lows of 21.50 and 22.35. Expectations are for Silver to head higher towards 24.75. Indicative stop loss is set around 22.15. Technical...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The cryptocurrency Litecoin (LTC) has been channeling higher. The support was constructed using the support at 140 and the higher low at around 163.75. The resistance line was set up using the 172.75 high and the 187.50 higher high. Expectations are for the cryptocurrency to retest the 200...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The cryptocurrency Cardano (ADA) has been in a rangebound movement or rectangular pattern since late September 2021. Expectations are for the cryptocurrency to test the 2 support level and break down lower towards 1.60. Failure of this move would be observed if ADA were to rally above 2.35. ...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The cryptocurrency Stellar (XLM) is in an ascending triangle setup, with the resistance line around the 0.326 level and the support trend line making higher lows from 0.26 and 0.3. Expectations are for a breakout, with XLM rallying towards 0.4. This setup will fail if XLM were to decline to...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock Tesla, Inc (TSLA) is channeling higher towards resistance at 880. The channel with the resistance around 880 looks like an ascending triangle setup. If TSLA breaks above 880, it can go as higher as 1200. If resistance holds and TSLA declines, failure of the pattern would occur if...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The Dollar Index (DXY) is in an ascending triangle setup with the resistance around the 94.50 price level. The support trend line is structured with the higher lows of 93 and 94 respectively. Expectations are for a breakout on DXY with a target of 95.50. Failure of this setup will be known if...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50....

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The cryptocurrency EOS has been in a rangebound or rectangular trading pattern between the 4.20 and 4.90 price levels. Expectations are for a breakout higher in EOS, with the cryptocurrency reaching as high as 5.55. Failure of the breakout will be known if EOS breaks down below 4.375. ...

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Trend Analysis The main view of this trade idea is on the 30-Min Chart. The FX Cross NZDJPY is in a symmetrical triangle setup. The support trend line is connected by the 76.50 and 77 high lows while the resistance trend line is connected by the 78.11 and 77.60 lower highs. Expectations are for a breakout higher, with a target of 78.50. A failure of this setup...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The ETF BDRY held its overall uptrend despite failing to break through the 30.75 resistance level on the previous two occasions. Support for BDRY is observed around the 23 price level. Expectations are for the ETF to break above 30.75 resistance on its 3rd attempt and rally towards 38.50. To...

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. German Bunds (FGBL1!) formed a double bottom or W chart pattern setup after testing 169.60 support and break above 170.3 resistance. Expectations are for the uptrend to continue, with the completion of the setup being around the 171.20 price level. Failure of the setup will be observed if...

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency Bitcoin (BTC) held support around the 40,000 price level and had a rally towards the 48,500 price level. The cryptocurrency has been in a rangebound movement between 46,725 and 48,500 over the last couple of trading sessions. Expectations are for a breakout towards 50,000....

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. The commodity Natural Gas is currently in a descending triangle setup with lower highs around the 5.20 and 5.08 price levels and support observed around the 4.95 price level. If the commodity breaks through the 4.95 support it can head towards the 4.70 price level. Failure of this pattern...

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Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETH/XBT) is trending lower in the short term despite the recent short term bounce. Resistance was hit by the long term moving average MA. Expectations are for a leg lower, with the next level of support observed around 0.065. A negation of this view...

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Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The S&P 500 Index (SPX) appears to be in a bearish flag pattern setup. This continuation pattern is seen with the 1st leg of declines from all time highs to a low around 4430. SPX consolidated a bit and now is attempting to break below the 4430 support. Completion of this setup should take...