darryl11

darryl11 Updated 

Still in the bullish up channel but Stochastics and macd starting to waver here, if we don't take out the high at 50.48 and break the lower trend line, it brings the lower ma's into play around 48.00

darryl11

running into the top of the big down channel off the highs, stochs turned positive but other techs lagging.. could fail here

darryl11 Updated 

50% retrace of todays drop completed on 15 min chart- back down now?

darryl11

Has had a decent run up on all the brexit talk, but lower/low today, and looking at stochs, rsi,macd, all potentially pointing to a leg down next week for cable?

darryl11

ideally dxy runs to 50% retrace at 95.90 which just about coincides with top of that channel ( red line), load shorts there

darryl11 Updated 

After yesterdays ugly finish, Rbob has staged a late evening rally to close out within two pips of the high set yesterday. In an ideal world we would have closed over this. Need to see higher numbers tomorrow or the risk of a double top comes into play. Macd/Rsi/Stoch all tell us that this level should be taken out tomorrow and higher numbers to come

darryl11 Updated 

downtrend still firmly intact, 50day ma has held on closing on friday and bounced off today on initial downmove. any rallies to the 11350 area should be looking to add to shorts

darryl11

Interesting looking at longer range view of Brent... so taking the early 2016 low to the highs today, the first fib retracement level is 44.16... That level was hugely significant (blue line) as support when we came off the highs in April. So we need a close above the 49.40 region to green light higher, or we retrace to support levels of the mov averages, 47.50,...

darryl11

Brent held on and closed above the recent highs of april, which should green light another leg higher.. two caveats to that.. one being the failure of june rbob to do so, and second stochs just giving some mixed signals here with the failure at the end of day.

darryl11

bit of an ugly finish to the day for june rbob, ugly looking candle, and a failure to close above the april high of 1.6180. uptrend is still intact, but price action could be turning. need to see what tomorrow brings

darryl11

Has had its first run at the recent April highs, breached it for small period but currently back under. Needs to close above 16180 to take the oil complex higher Technicals are all showing tho the odds are good on it happening

darryl11

whilst Brent and wti have taken out the important resistance levels, Rbob is lagging, which given we are approaching peak demand season is somewhat of a concern looking for jun rbob to break 1.6180 to give signal that whole complex can take a further step higher

darryl11

brent has taken out both the april highs and the 50% retrace of the move from may15 to jan 16. if we can close above 4829 then this targets 5075 minor resistance and then upwards to 53.32.

darryl11

INteresting to look at how crucial the 48.26-4829 area is for Brent here. 4816 and 4826 are the recent highs from April, BUT if you take a wider picture, and fib retrace on a weekly chart from the last major high in May2015 to the low early this year, the 50% retrace of that whole move is.... 48.29, bang on that April high (we allow for few cent slippage!) Break...

darryl11

100 day moving average 14353 and sitting right on trend line support

darryl11

downtrend/weakness still intact, need to watch for the mini down channel support line which will hit around 11300, break that and it really is free fall

darryl11

yesterdays late rally turned an ugly daily candle into a strong, continuation, and look set to take out the april highs. macd, rsi also primed for a run at the 48.26 level.

darryl11

usdcad preparing for a leg up? 34 dayma held, rsi & macd looking good & stochs have cooled enough ( atho still high) to give room to tick higher