Hello,Traders! NATURAL GAS is going up agian And the price will soon retest A horizontal key level From where I think we will see A pullback and a local correction Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Corn Seasonal Trends in Play: Short September corn from 6/13-7/27. This has been profitable for 13 of the last 15 years with the average gain being roughly 33 cents, or $1,650 per one 5,000-bushel contract. Fundamentals: Yesterday’s crop progress showed deteriorating crop conditions (though still better than last year at this time) with good/excellent ratings at...
with all this unnatural weather it only makes sense to go long on COFFEE!!!! Grab your espresso and lets rock!
There's a possible diagonal triangle, so we could have wave (iii) in the short term
This one is on my watch list. No position yet. Here is the link from Seeking Alpha(nice write up).
This is my forecast for the next month for Gold Shorting the $1170-88 area, looking to TP at around $1065, then LONG from there! Let's see how this trade will manifest!
There is no doubt copper's move is substantial as chart chasers crowd on a few group think narratives: Inflation is around the corner. Is it? Headline inflation in the United States in 1.47 percent. To put that in perspective, it's down four percent from July 2008 highs of 5.4 percent. To add further perspective to that, inflation is cyclical. It has risen,...
Potential Cypher pattern at USOIL which can end a speculative bullish run on oil and start a corrective impulse towards approximately 41.48 . Please notice also a possible Bearish divergence forming on a daily chart. If confirmed, I will short by market at 53-53.50 area with a SL at 54.50 and TP at 41.50 Closing a daily candle above 53 will invalidate the...
Hello traders! Curently watching Oil closely as it appears it's starting to have a clear direction after Iraq's recent statements of not be willing to cut production. Currently short but will start to look for long entry if the current run will show deceleration at Fib levels; bonus points if 50EMA will meet price at 0.382. It's also worth noting that MACD is...
XAUUSD, also known as Gold, may not have bottomed yet but it is very close to some excellent levels for addning long positions! I´ve already bought a small piece at 1270 and will keep adding longs as soon as Golld will get closer to 1250 (if it will of course). As per this chart, if the fork bottoms are broken, Daily 200 MA will be next important barrier and...
As you can see, we have now a similar structure of the last fall .... will see what happens !
The correction is over and higher prices are expected.
Many signs of bullish, nice opportunity guys! In the other hand remember that if the bullish channel is broken this hypothesis is discarded. CBOT:ZC1!
COMEX:SI1! The stochastic is showing a saturated silver market, but by observing the histogram can identify a slight drop in the MACD, however the case of a 4th wave in this trend we risk a bull market in the coming days, reaching higher values for the next week .
Addendum to previous chart. 1281- 1285 provides huge supply. Break of rising wedge can lead gold towards around 0.5 fib 1235 retrace. Dovish News can provide more strength to pull gold towards 1300 region. We can see huge commercial short covering if retrace do not happen and this might fuel bull run even more. IR hike can trigger fall towards 1150. If not then...
Resistance – 48.26, 49.10, 49.81 Support – 47.36, 46.74, 46.16 Brent’s bearish price RSI divergence seen on the daily chart is likely to keep bulls at the bay so long as prices do not see a day end closing above $49.81. This coupled with rejection at 5-DMA and 10-DMA in Asia risks sending prices lower to support at $47.36, under which losses could be...