As seen on Bloomberg, Refinitiv (Thomson Reuters), Factset, Interactive Brokers, Amazon,Liquid (Quoine) and Zerohedge, Tradable Patterns (https://tradablepatterns.com) provides daily technical analysis on a subset of three CME/ICE futures (commodities, equity indices), spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation, along with a separate weekly technical analysis newsletter on Bitcoin (BTCUSD), Ethereum (ETHUSD) and Ripple (XRPUSD or XRPJPY). For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.
Soybean (ZS) is trying to firm to start the week after forming a daily Hammer Friday. The bigger picture is of ZS bouncing off a 5 month low but remaining firmly for now within a downchannel (on the daily chart) and a sideways range (on the weekly chart). If ZS rallies this week, it will likely form a higher April low versus the March low, and a higher April high versus the March high. Traders will continue remaining on edge given ongoing developments around the US and China trade deal negotiations. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish. Until ZS decisively returns to a bullish technical posture (e.g. ZS breaking above downchannel resistance on the daily chart), I will remain on the sidelines.
Visit https://tradablepatterns.com for today's technical analysis on Wheat, AUDUSD
Today's Top 3 Trades, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.