Wheat is in a grinding sideways range and this presents some range trading opportunties.Look at the black lower median line parallel in these screen shots:
This is so you can see the fork ABC
Look how this is a tried and tested line that supports price
If we go through lower here the next objective is 475
arrowed
OK, Heres Gold and the recent collapse: Can you see where the FNL PF is supporting price today?
Lastly, Here's cable and a beautiful set of RL's
Thursday, 12 November 2015
Monday, 9 November 2015
Gold, Sugar #11, EURGBP & long term EURUSD
Here's an update and a few excerpts from the monthly technical market report. There are some interesting questions concerning the ongoing equity bull market and recent rally, The ongoing strength of the US dollar and the commodity price cycle. All of these medium to long term charts indicate possible "tells". We are not trying to pick market bottoms-"people who pick bottoms get dirty fingers" ....however we are looking for indications of trend continuation/exhaustion/congestion etc.
EURUSD
: Please read background to giant ML PF's here
http://medianlinetrader.blogspot.fr/2015/01/eurusd-on-historical-median-line.html
Gold
Sugar: http://medianlinetrader.blogspot.fr/2015/07/sugarv15-and-oil-cl-q15-continued.html
EURUSD
: Please read background to giant ML PF's here
http://medianlinetrader.blogspot.fr/2015/01/eurusd-on-historical-median-line.html
Gold
Sugar: http://medianlinetrader.blogspot.fr/2015/07/sugarv15-and-oil-cl-q15-continued.html
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