Expert Technical Analysis for Global Markets, Specialising in Energy
in EUA Carbon Emissions, European Gas/Carbon/Power, Technical Analysis, Trading
We have been waiting for a breakout in EUA Futures for a while now, with the daily chart forming a consolidation ‘Triangle’. Our Reports identified 74.74 as a key level to watch out for as a Fibonacci Retracement of the sell-off from 16th January to 19th March of this year.
As recently as Friday, the …
in Dutch TTF Nat Gas, Energy Trading, European Gas/Carbon/Power, Technical Analysis, Trading
Following Friday’s breakout session, Dutch TTF has established a critical new structural support level at 49.33, representing the 50% midpoint of Friday’s Bullish Marabuzo candle; known as the Marabuzo Line. With the market opening the week above this zone at around 51.20, the short-term technical bias is Neutral to Bullish. On Monday we saw a red candle that broke …
in Commentary, Company News, Technical Analysis, Technical Analysis Training, Trading
Around London and the world, there are traders who have the Futurestechs Cheat Sheet on their desk. Hopefully they’re being used for identifying key Candlestick Trends, but they do make an excellent bookmark, failing that!
After recently giving it another ‘spruce-up’, we posted a photo on LinkedIn which shows three generations of our Candlestick “Cheat Sheet.” …
All week now we’ve been suggesting that Marabuzo support at 1720.6 would be a good place for a buy order. Yesterday this was proved in some style. Just prior to the FOMC announcement we got a 1720 print. Then we got the nod on “QE3” from the Fed, and Gold ramped, getting up to 1775 by the end of the session. What now …
This is a quick summary of important candlestick patterns. It’s presumed that you know the basics of candles: if you don’t, see the article links in our Members Area.
Without further ado, let’s begin.
1. Bullish Marabuzo
Number of candles: 1.
Description: long green candle which opens near its low, and closes near its high.
Implications: BULLISH.
2. …