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Analyst Insights Michael Ellis

132 Insights

Michael Ellis

Formerly chief Technical Analyst for the Sucden Group, Mike Ellis established TechCom (Technical Commentary), an independent Trading Advisory consultancy, in the late 90’s. Specializing in Metals, Softs and Forex, we service both Institutional and Retail clients, on the one hand releasing various technical analysis reports direct to our own customer base and, on the other, serving as the unseen producer of major sector reports for certain distinguished brokerage companies who redistribute to their global clientele under their own familiar branding. In either case, emphasis is on clean, clear presentation with well-illustrated charts and jargon-free text to navigate readers successfully through the often complex arena of the financial markets these days.

Sugar: Whites Trying to Lead the Charge

More hopeful macro events as the Dollar labored and Crude livened up combined with a feistier Whites market kept NY poking at the upside Tuesday, even if still not yet making anymeasurable headway to bother the looming top formation…

Michael Ellis

10 months ago

3 min read

Sugar: Lurking in the shadow of the 24 Cents top rim

The post-Jly era is proving a bit of a conundrum as Oct NY has rebounded a Cent or so but has shown troubling wheelspin in the 23’s in recent days as it sits in the shadow of the ex-uptrend (23.82) and of course the Q2 double top (24.01).

Michael Ellis

10 months ago

4 min read

TechCom Core Commodity Review Monday 10th July 2023

Featuring 8 key futures markets that combined add up to more than 50% of the entire weighting of the Bloomberg Commodity Index (23 markets total) and augmented by analysis of the Bloomberg Index and the US Dollar Index, this report offers the preeminent heavyweight commodity sector portfolio.

Michael Ellis

10 months ago

5 min read

Sugar: Still Pursuing Top Frontier at 24 Cents

NY took Thursdays’ inside day in its stride and trumped it with an outside day higher again to finish the week still pecking at the ex-uptrend (23.76). Nevertheless, the main challenge still lies just overhead in the niche between the 24.01 double top rim and the mid band drooping towards it (24.31).

Michael Ellis

10 months ago

4 min read

Sugar: Dollar Bounce vs BRL A Concern

A few days’ oxygen following the retirement of the Jly contract seemed to already be losing its fizz in NY Thursday, the wheels starting to spin beneath the ex-uptrend to post an inside day.

Michael Ellis

10 months ago

4 min read

White Premium clambers back from a dice with danger in June

With London making gains while NY was on holiday, Raws were able to keep pushing against the ex-uptrend Wednesday (23.70). Even so, this near term upswing is hence drawing into the key terrain where the ex-trend, 24.01 double top border and gradually incoming mid band (24.39) are liable to make for a tougher test.

Michael Ellis

10 months ago

4 min read

Euro Momentum Fizzles

For those seeking more than just analysis of the Dollar Index as a benchmark for currencies as a whole, this report looks at 8 major spot Forex pairings that make up the lions’ share of the vast global FX marketplace while ensuring that critical diversity key to the successful investor.

Michael Ellis

10 months ago

4 min read

Sugar: With July Gone, How Do You Like Me Now?

With the Jly out to pasture, NY continued a nearby relief bounce Monday and happened to nip at the now ex-uptrend broken last week (23.60). Can’t initially make a big fuss about this reaction however as the market is now approaching the shadow cast by the Q2 double top beyond 24.01.

Michael Ellis

10 months ago

4 min read

Crude oil, Dollar Remain Rangebound

  • Brent needs break above $78.50 to target triple digits again.
  • If Dollar is defeated in 105 region, beware oil weakness too.
  • Brent falling through $70 could lead to further weakness in the low $60s.

Michael Ellis

10 months ago

5 min read

Raws and Whites Drop Out of Q2 Top Formations

The Jun nosedive from the 26’s resolved a more than 3₵ high Q2 double top (spot) en route and NY quickly gouged on into the 21’s. While 21.00 is technically the projection of that top, it would only be logical to cater for a little overspill to then test the first main weekly support shelf at 20.50 before envisaging far better cushioning that could thus help to guard the ’20’s uptrend itself (19.90).

Michael Ellis

10 months ago

4 min read

TechCom Forex Review Wednesday 28th June 2023

For those seeking more than just analysis of the Dollar Index as a benchmark for currencies as a whole, this report looks at 8 major spot Forex pairings that make up the lions’ share of the vast global FX marketplace while ensuring that critical diversity key to the successful investor.

Michael Ellis

10 months ago

4 min read

TechCom Core Commodity Review Monday 26th June 2023

Featuring 8 key futures markets that combined add up to more than 50% of the entire weighting of the Bloomberg Commodity Index (23 markets total) and augmented by analysis of the Bloomberg Index and the US Dollar Index, this report offers the preeminent heavyweight commodity sector portfolio.

Michael Ellis

10 months ago

4 min read