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Technical Analysis

Tradable Patterns - Natural Gas (NG) Weekly MACD Trying to Positively Cross


Natural Gas (NG) saw some profittaking yesterday after Tuesday's massive rally, and will likely remain in a tight range ahead of today's highly anticipated weekly storage figures release at 1030am EST.  Significantly, NG is nearing the psychologically key 3 whole figure level again, and could very well test this resistance level today in the hour leading up to or following the storage data.  The weekly and daily RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am looking to enter long assuming NG rallies after the storage data, and will likely place a stop buy 0.02 above the market price 5min before 1030am EST with a 0.02 trailing stop.
 
Natural Gas (CME NG Oct18) Weekly/Daily/4hr
 
 
Click here for today's technical analysis on EURUSD, Gold
 

As seen on Bloomberg, Thomson Reuters, Factset, Interactive Brokers, Inside Futures and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex/SGX  futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 

 


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Technical Analysis

Tradable Patterns - Gold (GC) Consolidating Near 4 Month Downchannel Resistance


Gold (GC) edged higher yesterday, and continues what appears to be an effort to reverse a 4 plus month long downchannel.  GC remains poised to push higher the balance of this week on the continued vulnerability of the US Dollar to a deeper correction.  Significantly, GC is testing the weekly chart downchannel resistance, and consolidating near a similarly drawn downchannel resistance (on the daily chart).  Except for the daily Stochastics which droops slightly down, the weekly, daily and 4hr equivalents are bottomish.  I am long as of today at 1204.6, targeting the red zone (of the daily chart) for Friday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).
 
Gold (CME GC Dec18) Weekly/Daily/4hr
 
 
Click here for today's technical analysis on Nasdaq100, EURUSD
 

As seen on Bloomberg, Thomson Reuters, Factset, Interactive Brokers, Inside Futures and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 

 


20442




Technical Analysis

Tradable Patterns - Nasdaq100 (NQ) Weekly MACD Trying to Negatively Cross


The Nasdaq100 (NQ) lost steam Friday, and appears vulnerable to retesting upchannel support (on the daily chart) in the next few days.  Given the rejection 2 weeks ago at upchannel resistance (on the weekly chart), the NQ is increasingly wobbly, particularly as the weekly MACD attempts to negatively cross.  The 4hr RSI, Stochastics and MACD are steadily sloping down, and bears'll be watching closely for the daily equivalents to be dragged lower.  I am short at 7526 as of today, and am targeting the green zone (on the daily chart) for Wednesday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).
 
Nasdaq100 (CME NQ Sep18) Weekly/Daily/4hr
 
 
Click here for today's technical analysis on EURUSD, GBPUSD
 

As seen on Bloomberg, Thomson Reuters, Factset, Interactive Brokers, Inside Futures and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 

 


20389




Technical Analysis

Tradable Patterns - Gold (GC) Weekly MACD Trying to Positively Cross


Gold (GC) is firming in today's Asia morning after seeing a bit of profittaking yesterday, and appears to be readying to resume a rally following last week's break above downchannel resistance (on the daily chart).  Significantly, GC is reclaiming the key 1200 whole figure level, and playing catchup with the relatively stronger performing GBPUSD and EURUSD as the US Dollar takes a breather following its notable gains since late April.  The catalyst for the next push higher for GC today could be the US Retail Sales (and US Core Retail Sales) at 830am EST.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am looking to entering long in the green zone (of the daily chart), targeting the red zone for Tuesday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).
 
 
 
Gold (CME GC Dec18) Weekly/Daily/4hr
 
 
Click here for today's technical analysis on EURUSD, GBPUSD
 
 
As seen on Bloomberg, Thomson Reuters, Factset, Interactive Brokers, Inside Futures and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


 

20370




Technical Analysis

Tradable Patterns - GBPUSD Consolidating Above Key 1.3 Level Ahead of Super Thursday


The GBPUSD edged higher yesterday and is consolidating a 3rd straight day in today's Asia morning ahead of today's Super Thursday at 7am EST when the BoE announces its rate decision and related comments.  Significantly, the GBPUSD hovers just above the psychologically key 1.3000 level and the daily chart triangle's resistance, and has this week resumed its rally above the weekly chart's descending wedge resistance after spending the last week or so consolidating the resistance break.  The GBPUSD will likely trade in a tight range ahead of the rate-related announcements.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am flat after profitably closing longs yesterday and am looking to re-enter long post-Super Thursday by likely setting stop buys roughly 30 pips above the last traded price 5min before 7am EST, with a 30 pip trailing stop loss.
 
 
 
GBPUSD Weekly/Daily/4hr
 
 
Click here for today's technical analysis on Cocoa, EURUSD
 
 
As seen on Bloomberg, Thomson Reuters, Factset, Interactive Brokers, Inside Futures and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures and spot FX markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

 

This article is from Tradable Patterns and is being posted with Tradable Patterns’ permission. The views expressed in this article are solely those of the author and/or Tradable Patterns and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

 
 

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