This could be possibly the easiest short out there on the futures markets. This resistance area at 340 was tested as support numerous times and held until September. It has yet to be tested as resistance. Usually the first touch of support-turned-resistance holds very strongly as multiple traders will be looking at the same area to enter short.
Target is a...
Live Cattle is retracing into a current strong support area. You can see how this horizontal support was tested as resistance in September, followed by a touch on the backside after a breakout at the end of that same month. This should provide a strong possibility for support in the coming days should we move lower into this area.
The target is therefore a...
The New Zealand Dollar has had a bounce recently, but has the opportunity to come into a shortable opportunity along the horizontal resistance around 0.808. The target would be for some retracement of the recent bullish activity. Keep the strength of any move in mind.
The stop needs to be rather loose due to further resistance not too far away above. The last...
EW had a weak guidance forecast that disappointed investors and caused a gap lower, I am expecting a rally over the next couple of days to fill that gap by the end of the week.
EW has long term technical horizontal support at $62.50 that has held well all year and held again today. A bullish case can be made for the stock as it has made higher highs prior to the...
