If will pass the trend line could go to the lower support line and then we will search a good buy
No signal but touched upper limit trend so good chance to go lower to the low limit around 400
Sugar made an inverted hammer candlestick last day, indicators are close to a buy signal and hystorical support is close. Buy opportunity targeting 16.5 with smal size
Dax could be at the start of a new leg up to the top of big bearish channel. Key level is about 10600, if passed the reaction could be clearly on.
There are many possibilities on wheat, one of them is really interesting: - break up to the range area 460/530 there is space to the seasonality's spike above 600 with a r/r 1/2 - other possibility really interesting is if a new small downtrend will begin to the low of the range and then will be a great buy around 450/460 to the noticed spike for winter coming
I think Coffee needs more downside from here even touch 100's and then take a big decision at fib level. Thinking at world's increasing demand of coffee i think it will bounce up from around 100. Next future contract could be the one to buy to take price over 160
The downtrend channel's low limit was touched today and now we are at decision point for take a bounce or a terrific 2008 remake. SPX is in the same situation as oil and most of commodities. Indicators for dax are in a good setup for bounce but lays space for going lower. Rsi oversold,Stoch ok, atx at high level, momentum at minimum, channel low limit, support...
Oil at new higher low does not take any clear reversal signal. Macd is not clear but is preparing, rsi is preparing but previous reverals were at lower level (but is preparing to reversal, is close to trend line), stoch is ready but it could wait some time at this level,Heiken Ashi didn't lounch signals of reversal. We are at fib .382 and .618 is placed about...
coffe break up, we need some confirmations on volume in the next few days and next key level 144.85