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Technical Analysis

Tradable Patterns - USDCHF Bounces Off 11 Month Uptrend Support


Happy 2019!  Hope you've all enjoyed the holiday season.  On Jan 8, Today's Top 3 Trades made another important tweak to its format  (described here), due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class.

The USDCHF is forming its 3rd straight green daily candle going into today's European morning, as it breaks above a month long downchannel resistance (on the daily chart).  Significantly, the USDCHF bounced last week off ascending wedge or 11 month uptrend support (on the weekly chart), and still has 200 pips roughly of potential upside before it hits the same wedge's resistance.  The market will be waiting for any unexpected announcements from the G20 meetings today.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am looking at entering long in the green zone (of the daily chart), targeting the red zone for Monday.  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).

 

USDCHF Weekly/Daily/4hr

Click here for today's technical analysis on GBPAUD, Natural Gas

 

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine) and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/ (commodities and equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Crypto Weekly Outlook offers technical analysis on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD) and attempts to provide clues as to what might happen in the coming week.  For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

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.


22357




Technical Analysis

Tradable Patterns - WTI Crude (CL) Trying to Form Weekly Chart Reverse Head & Shoulders


WTI Crude (CL) Trying to Form Weekly Chart Reverse Head & Shoulders

Happy 2019!  Hope you've all enjoyed the holiday season.  On Jan 8, Today's Top 3 Trades made another important tweak to its format  (described here), due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class.

WTI Crude (CL) is consolidating its 5th straight day ahead of this week's highly anticipated weekly inventory numbers released at 1030am EST today.  I was overly cautious in last week's analysis, but remain on the lookout for a post-data healthy pullback in the next 24hrs before contemplating going long.  A deeper selloff is unlikely as longer term bulls are increasingly looking to buy on dips now that CL has decisively broken descending wedge resistance (on the weekly chart) and a 3 month downchannel resistance (on the daily chart).  More likely will be another few days or so of consolidation in the 49-53 range before resuming a rally towards the 38.2% Fib retrace of the Oct-Dec slide.  Significantly, CL appears to be forming a Reverse Head & Shoulders on the weekly chart.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am looking to enter long in the green zone (of the daily chart), and am targeting the red zone for early next week.  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).

 

WTI Crude (CME CL Feb19) Weekly/Daily/4hr

Click here for today's technical analysis on Natural Gas, Raw Sugar

 

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine) and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/ (commodities and equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Crypto Weekly Outlook offers technical analysis on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD) and attempts to provide clues as to what might happen in the coming week.  For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

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.


22341




Technical Analysis

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


Nasdaq100 (NQ) Weekly MACD Trying to Positively Cross

Happy 2019!  Hope you've all enjoyed the holiday season.  On Jan 8, Today's Top 3 Trades made another important tweak to its format  (described here), due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class.

The Nasdaq100 (NQ) is edging higher in today's Asia morning, trying to continue the 3 week ascending wedge/upchannel (on the 4hr and daily chart).  NQ appears to have a bit more upside before it bumps up against the 50% Fib retrace of the September to December fall, coinciding with downtrend resistance (on the daily and weekly chart).  By viewing the monthly sliding chart on the homepage (updated at the beginning of each month), one sees the Nasdaq100 trying to bounce off a major uptrend support that began mid 2009.  My longer term view for 2019 is bearish, but the current bounce offers decent risk:reward for those nimble enough to play the upside grind for another week or so.  The US PPI number at 830am EST may produce a mild pullback for bulls looking today to continue buying on dips.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.  I am looking to enter long in the green zone (of the daily chart), and am targeting the red zone 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).

 

Nasdaq100 (CME NQ Mar19) Weekly/Daily/4hr

Click here for today's technical analysis on S&P500, EURUSD

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine) and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/ (commodities and equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Crypto Weekly Outlook offers technical analysis on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD) and attempts to provide clues as to what might happen in the coming week.  For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

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.

 


22318




Technical Analysis

Tradable Patterns: Wheat (ZW) Testing Aug-Dec Downtrend Resistance


Wheat (ZW) Testing Aug-Dec Downtrend Resistance

Happy 2019!  Hope you've all enjoyed the holiday season.  On Jan 8, Today's Top 3 Trades made another important tweak to its format  (described here), due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class.

Wheat (ZW) bounced more than 1% Friday, outperforming the other Agris on my Watchlist.  With the WASDE originally scheduled for last Friday postponed due to the ongoing shutdown of certain US government services, the market is reluctant to form a new trend until the eventual reopening of the relevant government department and the subsequent release of the latest WASDE.  ZW remains within a downchannel (on the daily chart), but warrants closely monitoring as it tests the downtrend resistance connecting the August and December highs.  A decisive break above this 5 month downtrend resistance will likely be quickly followed by a test of the daily chart downchannel resistance.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish or consolidating recent gains.  I am looking to go long in the green zone (of the daily chart), and am targeting the red zone 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).

 

Wheat (CME ZW Mar19) Weekly/Daily/4hr

 

Click here for today's technical analysis on Corn, Natural Gas

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine) and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/ (commodities and equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Crypto Weekly Outlook offers technical analysis on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD) and attempts to provide clues as to what might happen in the coming week.  For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

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.

 


22302




Technical Analysis

Tradable Patterns - Arabica Coffee (KC) Completes Weekly Chart Double Bottom


Happy 2019!  Hope you've all enjoyed the holiday season.  On Jan 8, Today's Top 3 Trades made another important tweak to its format  (described here), due to suggestions by readers to maintain a top trade idea of the day, irrespective of asset class.

Arabica Coffee (KC) saw some healthy profittaking yesterday as it digests the break above downchannel resistance (on the 4hr and daily chart).  Significantly, KC has completed a Double Bottom with the December and September lows roughly equal just below the psychologically key 1.00 whole figure level.  Although KC may see another day or so of consolidation, long term bulls will increasingly buy this dip as they begin positioning for a test in the next few months of downtrend resistance (on the weekly chart) and last October's high.  The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish.  I am long as of Wednesday at 1.058 flat, and am 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).

 

Arabica Coffee (ICE KC Mar19) Weekly/Daily/4hr

Click here for today's technical analysis on Cocoa, Wheat

 

As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Inside Futures, Amazon, Liquid (Quoine) and Zerohedge, Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/ (commodities and equity indices) and spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Crypto Weekly Outlook offers technical analysis on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD) and attempts to provide clues as to what might happen in the coming week.  For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

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.


22282




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Disclosures

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The material (including articles and commentary) provided on IB Traders' Insight is offered for informational purposes only. The posted material is NOT a recommendation by Interactive Brokers (IB) that you or your clients should contract for the services of or invest with any of the independent advisors or hedge funds or others who may post on IB Traders' Insight or invest with any advisors or hedge funds. The advisors, hedge funds and other analysts who may post on IB Traders' Insight are independent of IB and IB does not make any representations or warranties concerning the past or future performance of these advisors, hedge funds and others or the accuracy of the information they provide. Interactive Brokers does not conduct a "suitability review" to make sure the trading of any advisor or hedge fund or other party is suitable for you.

Securities or other financial instruments mentioned in the material posted are not suitable for all investors. The material posted does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before making any investment or trade, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice. Past performance is no guarantee of future results.

Any information provided by third parties has been obtained from sources believed to be reliable and accurate; however, IB does not warrant its accuracy and assumes no responsibility for any errors or omissions.

Any information posted by employees of IB or an affiliated company is based upon information that is believed to be reliable. However, neither IB nor its affiliates warrant its completeness, accuracy or adequacy. IB does not make any representations or warranties concerning the past or future performance of any financial instrument. By posting material on IB Traders' Insight, IB is not representing that any particular financial instrument or trading strategy is appropriate for you.