mxb1961

mxb1961

DXY is correcting from last run up. However, for this trend to continue, the weekly ADX needs to turn back up along with the +DMI over the next several weeks if this is a breakout move to the upside for $. Possible indications of a strong up trend continuing could be a pullback to the 97.5x range which would be a 38.2% retrace, a pullback from ADX overbought...

mxb1961

Soybean Oil looks like it is consolidating price short term as the ADX has dropped below 20 on 4H chart. However, the monthly, weekly, and daily charts look bullish. Once price breaks out of the consolidation on 4H chart, I'm looking for it to move higher. The daily and weekly charts have price moving up over the 9/20/50 period EMA with monthly looking like it...

mxb1961

I'm looking for crude oil to put in a similar price pattern with the 61.8% retrace holding near 46.2x. I look for a brief move up followed by a similar down move before challenging 52 or higher again.

mxb1961

On weekly chart, the ADX hit and dropped below 20 almost 11 weeks ago signaling price consolidation. There is no clear pattern for this consolidation yet but the support/resistance lines of 43/52 respectively look like good places to start. Should the consolidation persist, we could see: stoch bounce between 80 and 20 TSI move back & forth across 0 RSI hold...

mxb1961

I believe soybeans are staging to have the largest run up since 2007 Daily Since Sept, indicators (slow stoch, TSI, and RSI) have been diverging with price. Additionally, the 9 and 20 period EMA on price have crossed and turned up as well as crossing over the 50P EMA. In Oct, the ADX dropped below 0 signaling price consolidation. On 10/17, price broke...

mxb1961

The up move that has begun in Soybean Oil has paused briefly giving an opportunity to get in to upside. Both the weekly and daily chart are bullish while the 4H and 1H look to be completing a corrective move. On the Daily chart, a green bar close above the current red retrace line should signal that the up trend is continuing. On the 4H and 1H chart, a...

mxb1961

During the past month(s), I've posted ideas about crude oil that have all called for some type of ending wave pattern that would flow into a down trend resulting in $25 oil or lower. The actions of price in the past several weeks caused me to revisit that plan and in doing so, have changed how i look at price and indicators. Additionally, it's forced me to...

mxb1961

I've just returned to looking at stocks. Considering how bullish Crude Oil has turned lately, I began looking at some that are in the oil sector. CEO looks like it's entered a good uptrend and probably should have been entered before now. However, I believe the weekly looks positive and still upward movement left. CLB is one that I'm looking at from the...

mxb1961

Since 1984, there appears to be periods of time where USOil and USD moved in unison with each other. With the current action of both since middle of 2016, could they be setting up to move to new recent highs together?

mxb1961

The Australian dollar has been consolidating on the daily chart since mid year. It has continued to compress into a tighter formation and now appears to be nearing the end of a correction to the down move that began near end of 2014 on weekly chart. On the monthly chart, all indicators have pulled back from extreme oversold conditions of Feb 2016 to what...

mxb1961

Silver may retest its current lows before moving higher. stoch has bounced into mid-range and RSI has pulled up some but other indicators have not flipped up to positive. Looking for support line to be challenged again before next uptrend to challenge 21.

mxb1961

I'm watching soybeans for a pullback on stoch and for ADX to move over 20 with +DMI holding. A move up in price after this scenario could be a buy signal.

mxb1961

weekly indicators have move into a bullish state and price appears to be heading to strong resistance at 100.

mxb1961

Corn may be setting up for another move up. Price has found some support and some indicators oversold. watching TSI and ADX to see if they turn up with price.

mxb1961

With ADX below 20, I'm looking for a similar scenario where crude puts in a double bottom before moving higher.

mxb1961

Exited trade. Didn't feel right and price action seemed contrary to position. small loss.

mxb1961

Long Aussie dollar with dec call

mxb1961

Looking at 30M chart, it's possible that wheat has made its pullback. The TSI could be finding support at 0 and RSI on 40. Based on next open and if these indicators move up off this support may try a dec wheat call. Looking at the daily chart, the RSI and TSI look bullish and the ADX with +DMI looks like it could be setting up a change in dominance from down...