The CQG Analog Chart, which is a chart display that plots multiple markets, has crude oil (blue bars), gasoline (light green close only line), and heating oil (white close only line) plotted. In addition, I have the RSI study plotted for each market using the same colors as the prices.
The RSI for gasoline continues to […]
The price action of the EURO FX Futures (EUR/USD pair) continues to be bullish. The next target is the overhead resistance zone. If the market closes near these levels then the daily RSI reading will close above 62 and confirm the bullish momentum.
The Constant Volume Bar chart is set to 1,000 contracts with the CQG […]
This morning Gold is trading below the demand line of the short-term uptrend channel (blue lines), but is finding some buying at the near-term support zone. This support zone is more defined on the Constant Volume chart. Yesterday’s close maintains the bullish outlook because the RSI reading at the close above was above 62. A […]
I am experiencing technical problems this morning. As soon as they are resolved, I will post my current observations.
Thom Hartle
Equities started out strong this morning, but the NASDAQ 100 index could not get through recent resistance, and traders took profits. However, the NASDAQ 100 index is holding at support and the volume ratio is diverging.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are neutral […]
This morning, 52-percent of the 228 ETFs I track are showing a positive gain. Utility and energy ETFs are dominating. Excel is linked to CQG for the data.
The daily charts a new high for the up trend. The market is nearing an overhead resistance zone I still see the uptrend still intact. However, I want to see is the RSI, set to 14-bars, close over 62 to confirm bullish momentum.
The Constant Volume Chart (increased to 25,000 contracts) with the CQG SnapTrader and […]
The CQG Analog Chart, which is a chart display that plots multiple markets, has crude oil (blue bars), gasoline (light green close only line), and heating oil (white close only line) plotted. In addition, I have the RSI study plotted for each market using the same colors as the prices.
We can see that the products […]
The price action of the EURO FX Futures (EUR/USD pair) has maintained the uptrend channel, but is currently holding within the resistance zone. I still want to see the daily RSI reading close above 62 and confirm the bullish momentum.
The Constant Volume Bar chart is set to 1,000 contracts with the CQG SnapTrader shows the […]
The Gold market on Friday closed higher and maintains the bullish RSI readings by again flashing a reading at the close above 62. Today, the market is consolidating and is holding the tight uptrend channel.
The Constant Volume Chart (CVB) is set to 1,000 contracts for a longer-term intraday view, and the CQG SnapTrader is displayed. […]