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Commoditiestrading

WTI CRUDE OIL: Keeps respecting the long term Support Zone.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.339, MACD = -0.320, ADX = 27.988) as it is recovering from last week's red candle that almost touched the S1 Zone. As long this holds, WTI will be bullish on the medium term at least, as on the long term the formation of the 1W Death Cross is bearish. The presence of the LH trendline doesn't allow much room for higher targets and since the previous rebound on the S1 Zone (December 11th 2023) came close to the 0.786 Fibonacci level, our target is in the vicinity of those (TP = 78.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
XAUUSD: extending the rally on the 1H MA50.Gold is highly overbought on its 1D technical outlook (RSI = 75.334, MACD = 39.540, ADX = 45.426) but that has no effect on the short term timeframes such as on 1H, where the nearly 2 week Channel Up continues to rise. Technically it will keep extending it as long as the 1H MA50 holds. Every rebound on or below it has been around +2.50%. The last test was exactly on it (yesterday), so we remain bullish and expect at least a +2.23% rally (TP = 2,775). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
Light Crude Oil Futures: Bulls vs. Bears – Big Moves ComingAlright, trading fam, let me set the scene. We’re sitting at $69.40 right now, and the market is coiling like a wave that’s either going to barrel or wipe out everyone trying to ride it. This is one of those setups that makes you lean in because, whichever way it goes, it’s going to be a ride. You ready? Bearish Path – Things Could Get Real Slippery If the price slips below $62.30, it could open up a steep drop to as low as $17.12. Yeah, that’s a long way down. It’s like paddling into the wrong break and realizing there’s no way out without eating sand. If the bears manage to break that key support, all bets are off. Think demand drops, rising inventories, or a stronger dollar that sends oil spiraling lower. Traders who’ve been short are already eyeing this level—if it breaks, they’ll be riding that wave all the way down. Bullish Path – Eyes on the Double Top But here’s the flip side: if the bulls show up and break through $89.10, we’re talking about a potential double top formation. And if that double top gives way? It’s all gas, no brakes, with $129.25 in sight. It’ll take some momentum to push through—maybe supply cuts or geopolitical tensions—but if the bulls catch that wave, it could be a smooth ride to higher levels. What’s the Move? Right now, it’s all about staying patient and reading the flow. If $62.30 holds, you know the bulls still have some fight in them. But if they lose that level, the bears are going to have a field day. On the other hand, if the bulls break through $89.10, it’s game on to higher highs. This is one of those trades where the chart is giving us clear levels, and now it’s just a matter of who takes the wheel. If this breakdown gave you some clarity, follow, share, and pass it along to anyone else riding these markets. Let’s keep an eye on these levels and catch the right wave when it comes. Mindbloome Trader
NYMEX:CL1!
by Mindbloome-Trading
XAUUSD: Holding the 4H MA50 is heavily bullish.Gold is marginally bullish on its 1D technical outlook (RSI = 56.187, MACD = 0.002, ADX = 21.504) as it is consolidating and hasn't yet made a new High since September 26th. On the brightside however, it held again the 4H MA50, which establishes that level as the new support. When being on a Bullish Wave inside this 3 month Channel Up, every time it consolidated on the 4H MA50 after a bottom rebound, it never broke it and the Bullish Wave pushed it to a new HH. We expect a new +7.60% rally (TP = 2,800) to peak by early November. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
NATURAL GAS: Peak reversal. Strong sell signal.Natural Gas is about to turned neutral on its 1D technical outlook (RSI = 58.678, MACD = 0.175, ADX = 30.811), previously from an overbough state, as it made a standard LH rejection at the top of a year long Triangle pattern. The 1D RSI peaked like all prior LH, the 1D MACD is forming a Bearish Cross (again like all prior LH), so we have a prime sell signal in our hands. Common target on all was the 1.786 Fibonacci extension (TP = 2.165). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!Short
by InvestingScope
XAUUSD: Should turn sideways for the rest of the year.Gold is highly overbought on its 1D technical outlook (RSI = 75.774, MACD = 45.540, ADX = 41.502) while at the same time it is approaching the top of the one year Channel Up. The two bullish waves of the pattern reached their HH after +22.50% and +18.50% rises and then turned sideways into a consolidation Rectangle. So even though the price can extend some more to reach a +22.50% rise, we are close to the +18.50% one and as mentioned the top of the Channel Up. This tells us that this isn't the time to buy at all but rather wait for the price to cross under the 1D MA50, which was the buy signal in the two consolidation Rectangles. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSD
by InvestingScope
WTI CRUDE OIL: Last short term buy.WTI Crude Oil is neutral on the 4H technical outlook (RSI = 51.729, MACD = 0.500, ADX = 25.961) as it pulled back to the 4H MA50 intra day. The fact that it held, suggests that it remains the short term support of this uptrend that is targeting the 4H MA200 (TP = 72.50) where so far we have had three straight rejections since August. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
1
WTI CRUDE OIL: Best buy opportunity in more than a year.WTI Crude Oil is almost oversold on its 1D technical outlook (RSI = 36.459, MACD = -2.670, ADX = 29.899) and coupled with the the price breaching inside the S1 Zone, the market is giving the best long term buy opportunity in more than 1 year. The S1 Zone is in place since March 15th 2023. Additionally, the 1D RSI has made a Double Bottom (DB), which has a 100% success record out of 3 times since March 2023. Every rebound to the LH trendline (pattern is a long Descending Triangle) approached the 0.786 Fibonacci level. Our TP = 78.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
XAUUSD: First 4H Death Cross in almost 5 months! Is it bearish?Gold is neutral on the 1D timeframe (RSI = 47.738) but turned bearish on its 4H technical outlook (RSI = 42.512, MACD = -2.860, ADX = 30.716) as it formed the first 4H Death Cross since January 15th. If Gold fails to reclaim the 1D MA50 and establish a week of trading over it, we project a slow decline same as January-February aiming at the S1 level (TP = 2,300). The long term trend will remain bullish though as long as the 1D MA100 supports. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
1
WTI CRUDE OIL: Oversold offers a buy opportunity.WTI Crude Oil has turned oversold on its 1D technical outlook (RSI = 29.383, MACD = -1.620, ADX = 31.641) as the price is approaching the bottom of the 2 month Channel Down. As long as it remains under the 1D MA50, the long term trend will be bearish but the oversold conditions and the 1D MACD, which is replicating the early December 2023 bottom pattern, call for a low risk short term buy opportunity. We are targeting the top of the Channel Down and no higher than the 0.382 Fibonacci level (TP = 76.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:CL1!Long
by InvestingScope
WTI CRUDE OIL: Opportunities to profit sideways.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 39.681, MACD = -1.020, ADX = 30.568) but remains neutral on 1W (RSI = 46.231) as it is approaching again the 1W MA200. That is a critical Support as not only it is untouched since February 5th but is the long term level that Oil has been bouncing aggressively on since March 2023. We look towards a Rectangle consolidation-accumulation as the last two times that the 1W MA200 was tested. We will buy on S1 and target the R1 level (TP = 80.60). Until we close over the 1D MA50, our strategy is to scalp this range. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
NATURAL GAS: Rejection on the 7 month Resistance.Natural Gas is only marginally bullish on its 1D technical outlook (RSI = 56.609, MACD = 0.187, ADX = 40.616) as it failed to cross over the LH trendline. At the same time, it is supported on the 1D MA200 having broken out for the first time since January 3rd. Long-term we remain slightly bullish on NG but on the short-term, we will wait for LH validation. If the price crosses above it, we will take a short term buy and aim for the R1 level (TP = 3.350). If instead the price crosses under the 1D MA200, we will take a short term sell aiming at the 1D MA50 (TP = 2.200). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:NG1!
by InvestingScope
XAUUSD: Sell signal after this 4H MA50 bearish breakout.Gold has turned bearish on its 4H technical outlook (RSI = 42.104, MACD = 6.500, ADX = 34.412) as it crossed today under its 4H MA50. This is the first time it does so after going that high since April 22nd. That was the start and validated sell signal for the Bearish Wave of the Channel Up. Consequently, we go short on Gold, aiming like then, at a -5.20% decline (TP = 2,325). This could contact the 1D MA50 too. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
WTI CRUDE OIL: Selling until the end of the month.WTI Crude Oil is bearish on its 1D technical outlook (RSI = 35.492, MACD = -1.060, ADX = 41.641) as it got rejected on the 1D MA200 today. The longer it remains under the 1D MA50, the stronger the selling will be. Being inside a Channel Down similar to October-November 2023 that extended all the way to the 1.5 Fibonacci level, we are expecting selling for the rest of the month. The 1.5 Fib is now just over the S2 level and that is our medium term target (TP = 71.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
3
XAUUSD: Overbought but still bullish above the 4H MA100.Gold is overbought on its 1D technical outlook (RSI = 75.650, MACD = 67.600, ADX = 69.434) and appears to be unphazed by the recent rejection at the top of the Channel Up that pulled back to the 4H MA50. This is basically a consolidation that can be evolved to a similar pattern with March's. It was the 4H MA100 that held it on an uptrend at the time and has been holding since February 23rd. We remain bullish as long as it continues to hold, targeting the top of the Channel on a +10.54% increase (TP = 2,550). If the 4H MA100 is crossed, we will go short aiming at the 1D MA50 (TP = 2,220). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
WTI CRUDE OIL: Going to $100 by end of May.WTI Crude Oil is on very healthy bullish levels on the 1D time-frame (RSI = 63.780, MACD = 1.930, ADX = 37.316) as well as on 1W (RSI = 60.882). This supports the notion that until 1W turns overbought, the 1D can continue to sustain the bullish sequence that started on the December 13th 2023 low. Having formed a 1D Golden Cross just this Tuesday, the last time we got that formation was on August 22nd 2023. You can see that WTI was within the 0.5 - 0.618 Fibonacci range then and immediately rallied after the Cross to complete a +49.50% rise from the bottom. We expect a similar trend reaction and we are targeting slightly under the symmetric +49.50% mark (TP = 100.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
XAUUSD: There is nothing to stop it from reaching 2,800Gold is overbought on all long term timeframes, 1D (RSI = 79.774, MACD = 65.910, ADX = 64.635), 1W (RSI = 78.920, MACD = 78.590, ADX = 45.450) even on the 1M technical outlook (RSI = 72.546, MACD = 91.920, ADX = 43.804). This doesn't mean that a technical correction is bound to come soon but on the contrary that this is a very strong cyclical trend that is more likely to continue. The prevailing pattern is a Channel Up that started on the August 2018 bottom. Currently the price has crossed over the Channel's middle and proportionally we are on a similar situation as February 2020. Ignoring March's COVID crash, Gold extended its rise after a consolidation above the Channel's middle and then peaked at +77.21% from the bottom. Consequently we expect an aggressive rise on this second half of the Channel and we are targeting near its top, close to +77.21% (TP = 2,800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
3
WTI CRUDE OIL: Starting a new Bull Cycle. $200 possible.WTI Crude Oil appears to have completed a multi decade Bear Cycle that started during the 2008 subprime crisis. Such long term trends and patterns can only be viewed on monthly timeframes and for this analysis we have chosen the 3M. Technically Oil is only neutral on its 1M technical outlook (RSI = 54.985, MACD = 2.990, ADX = 14.499), which indicates its strong long term bullish potential. As you can see both on RSI terms and pure candle action, Oil seems to be making a bullish reversal after the decline in early 2022, as it held the 3M MA50 on consecutive tests. This price action is very much like the January 2002 rebound, which evolved into a six year Channel Up towards the All Time High of the 2008 Crisis. See how before the 3M MA50 rebound, both patterns rebounded on their 3M MA200. We have to filter out the March-April 2020 monumental collapse to even negative price levels amidts the OPEC-Russia production war. Both eras lasted for approximately the same time: 5571 days now as opposed to 5844 days in the past. This remarkable symmetry can lead us to a Channel Up rally well above $200 in the next 6 years. Even though fundamentally less realistic based on the current news structure, this is definitely technically plausible, in fact for us is a very probable reality, especially if inflation eventually starts picking up pace again. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
XAUUSD: Can it really target 2,850 by the end of the year??Gold is vastly overbought on its 1D technical outlook (RSI = 80.447, MACD = 42.840, ADX = 50.847) and the reason is that since last month's (March) breakout and monthly closing above the 2020 Resistance, it started a new bullish hyper Cycle. It is overbought on the 1W RSI also (74.802) while the monthly (1M) is only a fraction away too (RSI = 69.871). This is a heavily aggressive long term trend that until its peak won't offer many pullbacks and those will be limited. This 1M chart shows that according to the 1M RSI we're where Gold was on the August 2019 breakout on the previous Cycle. Before that both patterns pulled back and held the 1M MA50 and 0.5 Fibonacci level. The rally that followed the breakout, peaked at +98.09% from the bottom (Fib extension 3.0). The current pattern is at +25% since the 1M MA50 and 0.5 Fib rebound and another +25% until the end of the year would also complete +98.09% from the bottom. Our end of year Target is exactly on that level (TP = 2,850). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
XAUUSD: Overbought and in need of a correction.Gold is vastly overbought on the 1D timeframe (RSI = 80.321, MACD = 21.500, ADX = 21.500) with the recent rally hitting the top of the HH trendline of candle bodies of the four month Channel Up. The 4H RSI is displaying a massively overbought sideways structure which since October has marked market tops. The corrections that followed these three peaks ranged from -4% to -5.60%. Consequently our bearish target is a minimum of -4.00% decline on the 4H MA200 (TP = 2,070). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
2