Thursday, September 12, 2013

Wheat‏ (Dec 13) intraday: key ST resistance at 650

Pivot: 650.00

Our preference: SHORT positions below 650 with targets @ 642 & 637.

Alternative scenario: The upside penetration of 650 will call for 661 & 667.

Comment: as long as the resistance at 650 is not surpassed, the risk of the break below 642 remains high.

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 ...