Our Natural Gas commentary from this morning highlighted a developing pattern that suggests yesterday’s gains presented a selling opportunity. Here’s a snippet from our report: I’ve added a line to today’s chart which is slightly tentative but may be confirmed … Continue reading
Things might be happening in the Euribor. Below I’ve posted the last couple of days’ analysis for the June ’13 contract to paint the picture: Yesterday: June ’13 is testing the top of a channel that’s been on our chart … Continue reading
On July 17th Brent gave a buy signal from a “Head and Shoulders bottom” pattern. On that day we finished our commentary thus: 116.65 here we come!!! Since then we’ve seen a rally to 108.18 then a pullback that held … Continue reading
Yesterday saw a rally in morning trade to 143.64, a level I missed as this was the 38.2% retrace of the losses from Thursday’s high. We posted a Shooting Star on the 30 minute chart at this high, then sold … Continue reading
Corn is at historic highs and is sustaining the bid above 800. Below is yesterday’s Weekly outlook from FuturesTechs. We also provide Support and Resistance levels for traders of all approaches and time frames. Our Fibonacci work suggests targets of 843.6, … Continue reading
The month of February was dominated by headlines surrounding the ECB’s second LTRO and further ambiguous rescue plans for Greece. Nevertheless, investment themes impemented in January remained prevalent throughout February with Equity and Commodity markets continuing to trend higher. FuturesTechs … Continue reading
Three charts to show you today: Here is a Weekly showing the gently sloping DOWNTREND LINE that can be placed above the lower highs since the failure/high in October 2007. What this shows is that the recent rise has taken … Continue reading
We appear to have piqued the interest of a few of you this week by adding the Market Profile charts to our reports. Market Profile is a charting method owned and copyrighted by the CME Group and developed in the … Continue reading
Dear All, We welcomed an old friend and buddy from the LIFFE Floor days to FuturesTechs Mews this morning and he insisted we did a webcast together, which was great fun. It can be seen on the Naked Trader website … Continue reading
In yesterday’s Gold report we wrote: “Are we on the cusp of something trend changing, or will the bulls rescue things once more by keeping us above 1524? We could well have the answer to this by the end of … Continue reading