Author: Mark Sturdy

The Commodity Trader’s view – The 76.4% retracement level has often been useful when reading the Cocoa (ICE) charts. Recently an upswing on the Daily chart lost momentum upon reaching a medium term 76.4% level and we are...

The Technical Trader’s view: MONTHLY CHART We can see that there’s a long-term trading range well-established from the early 1990s. And the market’s recent rally has driven it up to substantial resistance at the 1.050 low. WEEK...

The FX Trader’s view – Continuing the theme from the last FX Update on the US Dollar Index and a possible final downleg unfolding there we look at a similar (but reversed) chart structure in NZD/USD where bulls could be...

The Commodity Trader’s view – An earlier pullback in the CRB Index found solid technical support in early July and subsequent recovery has been impressive. Following a recent erosion of former 23.6% resistance there seems...

The FX Trader’s view – An earlier failed attempt to embark on a recovery phase, thwarted by a 23.6% resistance area, has seen the Dollar Index slipping lower. However, it could be that this is a final downleg… MONTHLY...

The Commodity Trader’s view – The long term Wheat chart has twice tried to overcome its 23.6% recovery level and failed. Notable weakness in June put bulls firmly on the sidelines, and there remains good potential for...

The Macro Trader’s view: The Pound has staged a sometimes volatile recovery for much of this year. It is now far higher than the lows it reached during November and December 2008 when traders thought the UK would suffer most of...

The Commodity Trader’s view – The rebound in Crude Oil (NYMEX) seen in July, off clear technical support, was no surprise. But we questioned the longevity of this, believing that the bears still had something up their...

The FX Trader’s view – Following an early July high of 1.4337 we had, for various technical reasons, adopted a somewhat speculative bear stance in EUR/USD. After an initial move down (to our first ‘profit-taking’ level)...

The FX Trader’s view – As with other markets GBP/USD has been broadly consolidative during June and July, with upside attempts being successfully repelled so far. In recent FX Trading Guides we have wondered if the 30-Jun...