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XAG/CNHXAG/CNH

20220117 19:40

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XAG/CNH intraday: as long as 145.23 is support look for 148.03

Our pivot point stands at 145.23.

Our preference: as long as 145.23 is support look for 148.03.

Alternative scenario: the downside breakout of 145.23 would call for 144.16 and 143.53.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (146.13) but above its 50 period moving average (145.93).

Supports and resistances:

149.30 **

148.66 *

148.03 **

147.39

146.11 last

145.65

145.23 **

144.16 *

143.53 **

XAU/CNHXAU/CNH

20220117 19:40

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XAU/CNH intraday: the downside prevails as long as 11590.10 is resistance

Our pivot point is at 11590.10.

Our preference: the downside prevails as long as 11590.10 is resistance.

Alternative scenario: the upside breakout of 11590.10, would call for 11635 and 11661.70.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11562.70 and 11558.70).

Supports and resistances:

11661.70 **

11635.00 *

11590.10 **

11572.50

11554.31 last

11500.50

11473.90 **

11447.20 *

11420.50 **

Cocoa (ICE US)Cocoa (ICE US)

20220117 17:38

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Cocoa (ICE US) (H2) intraday: the RSI is overbought

Our pivot point stands at 2641.

Our preference: the upside prevails as long as 2641 is support.

Alternative scenario: below 2641, expect 2606 and 2584.

Comment: the RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Cocoa (ICE US) (H2) is trading above both its 20 and 50 period moving average (respectively at 2643 and 2610). Finally, the Cocoa (ICE US) (H2) is trading above its upper Bollinger band (standing at 2679).

Supports and resistances:

2789 **

2768 *

2747 **

2726

2680 last

2655

2641 **

2606 *

2584 **

Wheat (CME)Wheat (CME)

20220117 17:39

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Wheat (CME) (H2) intraday: short term rebound

734.00 is our pivot point.

Our preference: short term rebound.

Alternative scenario: below 734.00, expect 726.50 and 722.00.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Wheat (CME) (H2) stands above its 20 period moving average (741.79) but below its 50 period moving average (743.51).

Supports and resistances:

765.25 **

760.75 *

756.25 **

752.00

742.75 last

736.75

734.00 **

726.50 *

722.00 **

Corn (CME)Corn (CME)

20220117 17:39

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Corn (CME) (H2) intraday: the RSI is overbought

Our pivot point is at 589.25.

Our preference: the upside prevails as long as 589.25 is support.

Alternative scenario: the downside breakout of 589.25 would call for 583.50 and 580.25.

Comment: the RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Corn (CME) (H2) is trading above both its 20 and 50 period moving average (respectively at 590.51 and 589.13). Finally, the Corn (CME) (H2) is trading above its upper Bollinger band (standing at 596.30).

Supports and resistances:

614.75 **

611.50 *

608.25 **

605.00

598.00 last

591.25

589.25 **

583.50 *

580.25 **


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