After posting a medium term TA that was rather bearish, I have done a very fine-grained look at the current down-move in gold. Based on my count (feel free to disagree), gold has just completed wave (3) down and is now bouncing (after reaching very low RSI numbers) to complete wave (4) of the 5 wave move down into the high $1100s. I have two scenarios (if wave...
Is it at all possible that the DJI may have topped? I haven't done an in-depth EW analysis, and lets face it, I am no expert. But: 1. A trade war (between the USA and China, Canada, the EU, and Mexico etc) seems more likely than unlikely (whatever your beliefs may be about the benefits vs costs long-term for American Businesses and populace, I find it hard to...
Lower trend-line break. Strong chance of a price bounce to around the lower trend-line before commencing a steep decline to potentially make a 1:1 extension of wave A (primary) which would put the price down to $505 over the next 2 to 4 years. As this is a long timeline and a significant drop, I would tend to lock in profits along the way - as a full 1:1...
Hi ~ Traders! It is wemoa of allaboutforex.net. Let me tell you about the market conditions of the July 17th Crude Oil. Crude oil is currently in a trend of upward trend. But the price has been falling since the double-top pattern. Maybe it seems to have fallen due to oversupply concerns. The oil is now standing on a big crossroads. Will the trend be reversed at...
Natural Gas is a very popular commodity to trade. It is worth keeping an eye on for the formation of wave 1 of an up-move. It seems that the larger-degree corrective move has completed in 2016. Short-term, looking for a bounce off the lower channel trend-line.
Silver is a very attractive investment opportunity, but as with any trade, the entry timing and price are critical. I am still looking for an extry point but regard silver as potentially very attractive as an investment / trding opportunity.
Proposed EW count for Gulf Coast Jet Fuel Futures: Box denotes the wave travel of the minuette wave (I am not careful about using the correct EW notations) travel. I was tempted to label that as inermediate wave (3) but it would be the shortest wave and that wouldn't stack up. I would be looking for wave C to possibly make a 1:1 or 1:1.618 extension for sub-wave...
After seeing such a steep recent decline I started looking for signs of a bullish bounce. Unfortunately, it looks brutal: 1. recently retraced more than 100% of previous up-move, which indicated additional consolidation / correction is needed. 2. While it is a little messy, I can make out a 5 wave down move from the 2012 highs. This would mean we are likely...
Cotton isn't that interesting right now. Once wave A has formed (there will not be enough detail to count 3 vs 5 sub-waves in wave A) there will be a small bounce and then wave C down looks attractive.
I would just like to see how this one plays out. This resembkes a simulated (paper) trade that I made on oil futures based on EW count and RSI bearish divergence mostly. Comments welcome.
After wave (A) completes long the abc move up and then shift to a short position to play the wave (C) down.
I'm new to commodities and relatively new to Technical Analysis. No associated fundamental Analysis has been undertaken on Platinum. This analysis is shared simply to further my own education and hopefully someone will appreciate it.
All of the published CBOE and CME futures expiration dates for 2018 that I could find.
On the daily chart, you can see the movement in the wedge, I indicated all the sales on the chart, you can see the purchase there.
Coffee - short under 118 with target 112,50
I guarantee that they will be located exactly there, but about point 4 we'll talk in detail. Pay attention to fibo levels, there we caught the ideal tunnel between 50% and 78.6%. I removed additional Fibo levels, coinciding with 0% so they won't clog the chart. So now we can find our next minimum, which will be enough for any opened futures and futures that have...
Do not buy actual stocks to get equity exposure. Eurodollar futures present a great opportunity to minimize risk and create a potential for higher long term returns. Technical Analysis 1989-2018 show a bullish trend. Underbought, with volume returning, a 10 year contract looks like a great opportunity for endowment investments