LEONES

LEONES

Silver has been moving inside a consolidation pattern since mid Feb. Support and resistance of the pattern tend to converge to form a triangle. Price is supported by the lower parallel line. A break-out from this pattern is going to trigger buy orders. Medium term target objective should be 31.7.

LEONES

Copper is in strong downtrend since February. It has recently broken major support trend line (symmetrical trangle break out) and is currently re-testing. Support is now resistance and a sell limit at this level should be profitable Today inside day is a good signal. Monday has to be a red bar with a close below firday low to confirm the downtrend is resuming

LEONES

1550 long term support tested on the 21 Feb is below us. Gold has reached my previous target 1615 and has now formed a nice four day consolidation above the 20MA. I would buy at breakout with target on the 2/1 Gann liine.

LEONES

NATGAS reached resistance level and reacted with a blow-off day bar which means that the bears are in control now or bulls have started taking some profits. Price is poised to move towards the 1/1 Gann.

LEONES

Euro gap down - sell. Target 1.271

LEONES

High probability trade. HOGS tested the 79 support and parallel line on the 8 Mar. Price then moved up with high volumes and retraced for five days. Currently is back in the buy window. Hogs makes typically seasonal bottoms in mid march. Many factors are favoring the bulls. I would enter long above Friday high. In two-three days we should reach the target...

LEONES

RBOB peaked in mid Feb and seems ready for a reversal. If the 20MA acts as resistance the price is poised to fall to 2.92-2.90 area quite quickly. 3.09 sell seems a good entry point. 2.00 Gain/risk ratio.

LEONES

May Coffee seems forming an interesting pattern - W bottom. If current level 138 holds as support only.. Something to monitor.

LEONES

May sugar could offer a sweet opportunity in the short term.

LEONES

May Copper, in heavy downtrend, has finally found support both on the median line and trend line (see weekly chart for a better viewing). In the last five days it has formed a nice consolidation pattern that could lead to big moves. Looks like a bear flag to me but either way is going to be a big move at breakout.

LEONES

April Gold - Trend is down but in the last five days gold has been consolidating within 1565 - 1585 range. This could be an area of temp support. Breakout from this pattern is going to push the price up to the next resistance (1620) and towards the down-sloping parallel line. Risk / Reward = 1.85 not bad.

LEONES

British Pound typically has a strong tendency to move up in March. Th downtrend started in Jan seems over. The price has moved nicely along the 1/2 Gann line and now is ready to move up towards the 1/1 line. I would buy above last Friday high and close the trade when the price approaches the 20MA.

LEONES

Aussie reached support. Today price action is showing that the bulls are in control. Trend line and gann fan line are giving support. I would do a day trade and close at the 20MA. Reward/Risk is not the best but it is a high probability trade!

LEONES

Aussie reached support. Today price action is showing that the bulls are in control. Trend line and gann fan line are giveing support. I would do a day trade and close at the 20MA. Reward/Risk is not the best but it is a high probability trade!

LEONES

Silver is in decline. Friday price action suggests a possible correction to the upside. I expect the price to reach 30 - 30.5 area in the 2nd half of march. Then the selling pressure could restart (sliding parallel and significant Fib area) and it is where I'm planning to short it. Gold has a similar pattern.

LEONES

The trend is up. The market retraced again towards the up-sloping parallel line and seems ready for another move up. Seasonal usually strong. Buy May Soybean above today high with target 1500!

LEONES

JAPANESE YEN after more than 5 months downtrend has formed a consolidation pattern and seems ready to reverse. I would buy above Thursday high with reward/risk a indicated in the chart. Domo Arigato!

LEONES

This year seems a counter seasonal. Crude has double topped. Sell at mid leg, target 92.00.