Wednesday, September 4, 2013

Corn-CBOT‏ (Dec 13) MT: the upside prevails.

Pivot: 463.00

Our Preference: Bullish above 463 with main target at 512.

Alternative Scenario: Below 490 look for a drop towards 446.

Comment: the December corn is challenging the 20-day moving average and a support level at 470 (61.8% Fibonacci retracement of the 446 to 508 up move).

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...