Turned from bullish to neutral as I got out or rolled most of the position. The late sell of at the end of the day confirmed my thoughts. Future Spreads are still firm, and on a weekly timeframe we still look quite bullish. USDBRL has come off from the highs, but is running into a little support. Prices could advance, but there is too much uncertainty, hence...
Looks like the move lower is finally upon us. Let's see, target below $16
coffe break up, we need some confirmations on volume in the next few days and next key level 144.85
Monthly version of $JO. It looks like we are completing a pattern that has occurred before, just on a larger level. We are currently sitting on major support from the 2013 low, so it may put up a fight for a month or 2. However, I believe it will follow the multi-year trendline (in green) & complete this current pattern at the 123.6 extension (like the larger...
Long at D Targets between 38.2% and 100% There's a possibility to D point to come a little further down, go adjusting the SL if appropriate. Safe trades
This is so clear to me... it broke the support (green line) and accelerate to the downside this days. It's going to 131/132. That level 131/132 was support 4 times in the past, then act as resistance once, and the fifth time finally broke it and explode. So when it touch 131/132 it's smart to go long (seasonality is helping into march) with a weekly close at that level.
KC put in its strongest weekly performance in about a month, reinforcing the line in the sand at the 180 horizontal support zone as seen in the attached chart. The 180 level also coincides with the uptrend support line connecting the low earlier in the week with the January 2014 low. Based on the renewed upward momentum these last few days, and the apparent...
After yesterday's late session rally, KC sits increasingly well positioned for a resumption of its uptrend. In my daily chart, you can see KC sitting at an uptrend support line (constituting the lower line of an ascending triangle) that began in Jan 2014. My next key target is ascending triangle resistance, in the 207-213 zone. Crucially, the weekly and daily...