Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:21.18Pivot:21.18Support:19.30 Preferred Case:Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.Alternative Scenario:Price […]
Aluminum Futures ( ALUMINIL ), H4 Potential for Bullish continuation
Type: Bullish ContinuationKey Levels:Resistance:218.00Pivot:211.00Support:201.40Preferred Case:Looking at the H4 chart, my overall bias for ALUMINIL is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 218.00, where the previous swing high is.Alternative Scenario:Price may head back […]
Rice Futures ( ZR1! ), H4 Potential for Bullish Continuation
Type: Bullish ContinuationKey Levels:Resistance: 18.530Pivot: 17.620Support: 16.630Preferred Case:Looking at the H4 chart, my overall bias for ZR1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 18.530, where the recent high is.Alternative Scenario:Price could […]
Cotton Futures ( CT1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:87.97Pivot:82.36Support:80.37Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 87.97, where the recent high is.Alternative Scenario:Price may head back down […]
Nasdaq 100 Futures ( NQ1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:12339.00Pivot:11465.00Support:10758.75 Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud,indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 12339.00, where the previous swing high is.Alternative Scenario:Price may break the […]
Crude Oil Futures ( CL1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:81.06Pivot:73.40Support:74.33Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 81.06, where the previous highs are. Alternative Scenario:Price may head back […]
Eurostoxx futures +0.3% in early European trading
German DAX futures +0.2% UK FTSE futures +0.2% This comes after the positive momentum yesterday, which carried through to Wall Street as well. Equities are looking optimistic ahead of the US CPI data later but we’ll see if that feeling will be justified come the end of the day. US futures are little changed, with […]
Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:2699Pivot:2570Support:2470Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is. Alternative Scenario:Price […]
Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 671.75Pivot: 660.00Support: 636.00 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous swing […]
Extra losses appear favoured in the short term
CME Group’s flash data for natural gas futures markets showed another daily build in open interest on Tuesday, now by around 16.6K contracts. On the other direction, volume shrank by nearly 60K contracts, extending the ongoing choppiness. Natural Gas: Key support emerges at $3.50 Tuesday’s marked retracement in prices of the natural gas was in […]