Wednesday, September 11, 2013

Soybean-CBOT‏ (Nov 13) MT: watch 1409.

Pivot: 1316.00

Our Preference: Bullish above 1316 with targets at 1409 and 1485.

Alternative Scenario: Below 1316, eye a drop towards 1257.

Comment: the contract is now facing a resistance at 1409. Look for more aggressive chart based buying if the resistance level at 1409 fails to hold.

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 ...