A second bullish white soldier as the market is held up…again…on a closing basis by the middle tine support of the jun – sep 2017 schiff pitchfork (currently 1.2311) but also restricted by overhead resistance of the recent 50% fib at 1.2415.
A second close up over the key recent 50% fib resistance at 1.3898 and a first close over the 2018 downtrend (currently 1.3921)… we’re being held down at the moment by the recent 38.2% fib at 1.4003.
A small bullish harami as the market is held up by the medium ma (currently 0.8847) and possibly the interesting support of the broken uptrend (currently 0.8843) and a key 2016 50% fib at 0.8834...we’re capped by the long ma (currently 0.8894).
A seemingly indecisive outside day…capped by a short downtrend (currently 107.11) but still above the recently broken but key jan-to-date downtrend (currently 106.18)…that trendline had been running the market this whole year and is still acting as support… watch this one.
The market continues to slow ahead of the overhead resistance…combined around 0.7922…of the very recent 50% fib and the middle tine of the may – dec 2017 schiff pitchfork.
A follow on to the previous bearish dark cloud cover pattern and halt at the recent 50% fib at 62.38…this time with a bearish black crow.
A follow on to the previous bearish outside day with a bearish long black marubozo…we’ve seemingly halted further declines ahead of the key recnet 50% fib at 7090.
I cautioned about this one yesterday morning when we had an indecisive spinning top…and that it might possibly be a bearish evening star doji cross…it looks like it was as we’d a big bearish long black marubozo yesterday and even went as far as testing the key recent 50% fib at 12 116…however…we did not close below the level… though we’re restesting this again today.
A bearish key reversal down as the market hit and rejected the overhead middle tine of the 2016 andrews pitchfork (currently 2801)…real… real… caution on this one…with the recent gap this is starting to look like an island reversal…watch closely.
A bullish opening white marubozo but may also be seen as a possible bearish shooting star pattern…we’ve open and closed over the bearish upper tine of the dec 2017 – mar 2018 andrews pitchfork (currently 122.15) which has been pressing down on the market…however…we have the upper tine of the schiff pitchfork of the same period (currently 122.46) now acting as resistance.
A second bullish white soldier as the market follows on the recent bullish double and a possible pipe bottom…the market still seems to seek comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 159.23)…though we’re nearer to testing the lower tine (currently 156.69).
A Bullish Long White Marubozo Follows The Previous Bullish Engulfing Pattern…We’re Holding At The Moment Over The Very Recent 50% Fib At 144.00 But Under The Recnet High At 145.20
A bullish harami as we seemingly failed to further penetrate the key recent 50% fib support at 6909…we’ve had a further move higher today as we’re trying up over the key very recent 50% fib at 6993…this move higher may make the seemingly dead recent key reversal up…resurrect itself…watch to see if we can close once…and then again…over this key 6993 level….we do have some sufficient supply below the market in the 6945 – 6910 area.
Disclaimer: ADM Investor Services International Limited is authorised and regulated by The Financial Conduct Authority. Member of The London Stock Exchange. Registered office: 4th Floor Millennium Bridge House, 2 Lambeth Hill, London EC4V 3TT. Registered in England No. 2547805 a subsidiary of Archer Daniels Midland Company. Risk Warning: Investments in Equities, CFDs, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value, investors should therefore be aware that they may not realise the initial amount invested, and indeed may incur additional liabilities.
These Investments may entail above average financial risk of loss, and investors should therefore carefully consider whether their financial circumstances and investment experience permit them to invest and, if necessary, seek the advice of an independent Financial Advisor. Some services described are not available to certain customers due to regulatory constraints either in the United Kingdom or elsewhere. © 2014 ADM Investor Services International Limited 2014.