Here’s a quick update on some of the recently highlighted swing trade ideas, including a new trade idea on INTC (Intel Inc.).
/KC (coffee futures) has rallied about 7% since the breaking out of the bullish falling wedge on Thursday while now approaching the 1st target around 1.1585. While the odds for a reaction are elevated on the initial tag of this level, the next buy signal to come on a solid break above that level with or without a pullback or consolidation before then. 60-minute chart below.
KC 60m Nov 16th
Likewise, JO (coffee ETN) has hit the 33.92 price target/resistance after rallying about 6% since the minor downtrend line breakout last Thursday. 60-minute chart below.
JO 60m Nov 16th
/NG (natural gas) gapped down below both the uptrend line (support) & the 2.898 price support, thereby triggering any objective stop-loss orders placed below either of those support levels. 60-minute chart below.
NG 60m Nov 16th
/GC gold continues to climb toward the downtrend line (min. target) and the potential 2nd target of 1914. 120-minute chart below.
GC 120m Nov 16th
INTC (Intel Inc.) has been lagging behind the rest of the semis but with one of the more constructive (bullish) charts at this time. Recently reversing off a major support zone with positive divergences, any or all of the marked levels are potential price targets. Daily chart below.
INTC daily Nov 16th