/NQ & /ES backtested the trendlines after the breakdowns on Friday followed by another leg down, with /NQ falling about 1½% so far off Friday’s divergent high. My confidence on where the indexes go from here isn’t very high but I will follow up with an update on the indexes later today as I’m curious to see how they follow through to last week’s rally.

/CL crude continues to zig-zag higher following the recent divergent low + trendline breakout & backtest and has pulled back after hitting the second target on Friday. Whether crude make another leg up soon or not is likely to depend on whether the equity markets take out Friday’s highs & continue to rally or if Friday marked the end of the run for the rally off the Oct 3rd lows in the stock market. Previous & updated 60-minute charts below.

/KC coffee is trying to regain the 0.9491 support with the bullish divergences still intact at the most recent low. Previous & updated 60-minute charts below.

/NG natural gas has broken above the 60m downtrend line & is testing the 2.297 R level.

NG 60m Oct 14th

NG 60m Oct 14th