Gold and Comex Copper ( Sept16).... It's not over until the fat lady sings!

 With N.American equity markets reaching for the sky and all time highs the precious metal complex is struggling.Its is not impossible for a return to $1275 and the green CL seen below in ML/PF :B-D-C but i suggest you watch the horizontal support offered by historical PFs around the $1320 area indicated with red arrow. Also past support on LHS indicated. Don't understand what i am banging on about? Then take a look at the power of horizontal historical PF's here:http://medianlinetrader.blogspot.fr/p/blog-page.html

Copper (Sept 16):

A simple study using 3 important historical pivots gives another horizontal PF and its RL's in dashed red. look at the Centre line and price distribution around this line. This is organic support and resistance..... Add the FNL PF and you will see your trade entry and potential setup

 

Copper Comex (Sep 16) and reaction line structure

EURUSD... post Brexit

Up Up and away Corn, Wheat, Sugar& Soya complex + EURUSD continued ( the anatomy of a RL)

 Up, up and away!!!!!!!!!!!! ( or if you are under 25- 30 " To infinity and beyond")... as we discussed in previous posts we saw the signs of the end of the so-called commodity bear cycle back in late winter and advised all to position accordingly...Coffe is not included (not a cup of coffee) but coffe chart which also shows a great thrusting punch upwards with lots of energy.......
https://www.linkedin.com/groups/76043/76043-6143725939898478595
 http://medianlinetrader.blogspot.fr/2016_03_01_archive.html

Anatomy of a Reaction Line. EURUSD

Understanding the pivotal relationships that exisit between past and future:

This is the same chart i posted a few days ago

 Here are the pivots labeled

 Here is the current RL

 Here are others that show correlation with price

Charts of interest (Technically speaking). Coffee, Emini S&P,Aussie$ and EURUSD

I think that's an Oxymoron...as charts are technical price data representation systems of our own creation and are 2D (price x time). There are other dimensions that are missing. I have written on this subject but here are some ideas:http://www.nanex.net/CodingNxCore/JTools/JTools_QTSequencer3D/QTSequencer3D_RT.html
and  http://www.nanex.net/CodingNxCore/JTools/JTools_DepthMapper3D/DepthMapper3D_RT.html

As i have a few spare minutes before i knock off for the weekend..Here is the emini S&P setup today: It really doesnt have to be difficult as long as you know what you are looking for. I use several methods for confirmation but all are lagging to some extent and at the end of the day you simply have to press the button and fire. Understand the visual representation system and the reaction line effect seen here in June ES and also above in my whopping Coffee entry above and you can work your setups in 60 Min & 240 Min with tight-ish stops.Of course you will get false breakouts-so what you stopped out and can live with it.

Sugar + The grains take off

These charts should need no explanation. The writing has been on the wall since 8th March.
http://medianlinetrader.blogspot.fr/2016/03/this-ones-for-free-now-is-turning-point.html

All these charts have been published many months ago on this site with the same reaction line and Medianline linear structure. Of course we can see the centre median line objectives (arrowed)
Corn: 393
Wheat: 500
Beans:990........................enjoy the ride ! Any subscribers get daily PDF's on all grains and free 'cheat sheet' available to those unbelievers or cheapskates!  on: www.commodity-analysis.co.uk

EURUSD...simple,basic & as-easy-as- it- gets: Median line setup with 80% probability.

This one's for free" Now is the turning point for long term positions on grains.

More to come but lets get this on record here and now March 8 2016...... that "technically speaking" Wheatm Corn, Soybeans and soyacomplex(SBmeal and SBoil) and a range of other softs that track these major agricultual products have turned and the bottom is called on long term positions. More to come for subs and free in next 48-72 hrs for the rest of you all!!

Sugar (Mch 16) & emini S&P, Nasdaq and Dow.

Here is the same median line drawn in all three markets of the same pivots: ES,NQ & DJ. The upsloping PF shows the first full 100% RL- bang on where we are today and falling away from. Please note the gap to be filled below ( shown in thick fushia pink).
Sugar, Another of the softs that are oversold technically and it is my belief we are seeing a slow change and the begining of a new commodity cycle. While Wheat /carn and beans remain disppointing we have other softs and non ferrous metals starting to bottom...but expect to see sharp moves to the downside before any part of a long term directional change in bias- perhaps late Spring/summer. Nothing to be had yet except short term trades such as Sugar & expect that to retest $Cents/lb 12.50 area ..See previous sugar posts: http://medianlinetrader.blogspot.fr/2015/10/sugar-11-h16-big-picture.html and the major support around the long term LMLP seen below in the montly chart at around 11.00-11.50
Other trends to watch are EURGBP & GBPJPY and the precious metals complex (Au/Ag/Pl/Pa) and on our radar is also the energy complex and of intestest NF Metals: Cu.Al, Ni et al. & watching capital out flows from the equity mkts..

Equity mini's below:

Charts of interest continued.. Touch down or meltdown for the Nasdaq and equities ES/NQ/DJ?.... or a case of "suck it up and learn to deal with a bear market"