Wednesday, September 11, 2013

Wheat - CBOT ‏ (Dec 13) MT: capped by a negative trend line.

Pivot: 668

Our Preference: Bearish below 668 with targets @ 623 & 610 in extension.

Alternative Scenario: Above 668 eye a recovery towards 693 and 735 in extension.

Comment: wheat prices are making successive lower-highs and lower-lows and are capped by a descending trend line.

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 ...