Wednesday, September 11, 2013

Wheat‏ (Dec 13) intraday: under pressure.

Pivot: 650.00

Our preference: SHORT positions below 650 with 637 & 631 in sight.

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

Comment: as long as 650 is resistance, likely decline to 637.


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 ...