Here’s an eclectic mix of some of the various asset classes I’ve been highlighting as current & potential trade ideas recently, all 60-minute futures charts expect for /SB (sugar) which shows the daily chart.
9525 remains the first support below on /NQ (Nasdaq 100) that will likely spark a sell-off if taken out:
NQ 60m Feb 21st
/ES (S&P 500) is flirting with the 3353ish support level with a sell signal to come on a solid break below that level (along with a breakdown on the comparable support on the /NQ chart above).
ES 60m Feb 21st
After hitting & reversing off the bottom of the 54.50-55 resistance zone, /CL (crude oil) has now pulled back to the 52.50ish support where at least a minor reaction is likely on the initial tag.
CL 60m Feb 21st
After hitting & reversing off the 1.1199 target with a brief momo-overshoot, /KC coffee has pulled back & bounced off the 1.0562 + uptrend line support.
KC 60m Feb 21st
Following the recent divergent high + primary (yellow) trendline breakdown & backtest, /BRR (Bitcoin) kissed the 9264 support & has bounced back to the 9780 R level.
BRR 60m Feb 21st
/GC gold remains in an uptrend although starting to get a bit ‘heavy” here & may need to take a breather soon unless the stock market starts a half-decent or better correction.
GC 60m Feb 21st
/SI silver continues to rally but could pullback soon if it breaks below this small 60m rising wedge pattern (next uptrend line and/or 18.138 supports below).
SI 60m Feb 21st
/PL platinum bounced off the TL + 978 support, hit the 987.65 resistance level followed by another leg down back to the 978 support.
PL 60m Feb 21st
/SB sugar continues to fail at the 0.1520 resistance level.
SB 60m Feb 21st
…And last but not least (a new trade idea), /E7 Euro appears poised for a substantial short-covering rally & offers an objective entry here. Targets TBD. FXE is the Euro ETN for those that don’t trade futures.
E7 60m Feb 21st