After peaking in early Feb the drop back in Sugar 11 found a low in May, from whence a recovery got underway. This has made a new high on the front month chart, but certain resistance levels are now not far off. WEEKLY CHART...
Read MoreThe 2011 downleg in the US Dollar Indexearlier found support on the long term chart and produced an initial reversal sign in early May, holding above the major 2008 low. A bull signal is still awaited, however. WEEKLY CHART Note...
Read MoreTECHNICALS: WEEKLY CHART The retracement and failure at the 50% Fibonacci retracement resistance is clear. The failure is especially significant as it is a weekly Key Reversal… DAILY CHART The day chart encourages the...
Read MoreIn early 2011 a Soybean recovery encountered clear resistance from a long term Fibonacci level, and the market has since turned consolidative. Pressure is currently bearing on a pivotal support area. WEEKLY CHART -CONTINUATION...
Read MoreTECHNICALS: WEEKLY CHART The dithering short-term market cannot disguise the completion of a bull wedge and the refusal of the market- the euro bears -to break back into it. Both the falling diagonal and the horizontal from...
Read MoreOur last USD/CAD Update (06thMay) highlighted certain downside Fibo projections which looked supportive. Subsequent recovery has so far been unable to overcome initial key resistance though. WEEKLY CHART -CONTINUATION Our Fibo...
Read MoreAn earlier fall in Brent Crude Prices in May found initial support from a 38.2% level. This has now come under pressure again, inviting calculation of lower targets. WEEKLY CHART -CONTINUATION The first 38.2% support has come...
Read MoreThe prospect of the QE policy being re-activated has begun to drive gilt yields lower and sent Gilt futures higher. The Bank is more likely than not going to restart QE and the Gilt will enjoy the support restarting that program...
Read MoreAfter positive signs were seen on the GBP/USD chart earlier this year a recent drift back threatens to develop into something more lasting. WEEKLY CHART -CONTINUATION The previous break through falling resistance was bullish...
Read MoreThe steady surge in Coffee started to falter earlier this year, and after a peak in early May the chart structure began to change. Recent weakness has confirmed a bearish outlook. WEEKLY CHART -CONTINUATION The chart structure...
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