Commodity
Commodity Corn idea (28/09/2022)corn
We expect a drop in corn grains in the coming period and the end of the rise in wave ((C)) of wave II and the beginning of the decline in wave III targeting. prices of 585 and the decline depend on the decisive point 699
DB. commodity index idea (27/09/2022)DB. commodity index
We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started falling in waves (3). We expect prices to drop to 1.618% at 22.18, but currently, we expect the correction to continue to 61% at 26.06 to end wave 2 before descending again.
GOLD (XAU/USD): history is repeating itself. Again? Possibly.Taking a look at the 4H timeframe chart, we can witness the beauty of price action. Accumulation+Distribution phases, a massive descending channel and many other details. Mr. Wyckoff was not the only person enjoying this incredible art. Any individual that is a fan of naked trading and of monitoring the price decline/grow gradually, will spot accumulation+distribution phases with ease.
Now, as it can be observed from the graph, not only the two previous "consolidation+dump" scenarios played out perfectly, but they also lead to the development of a third phase. At the moment, we can notice that after the recent dump, the price has pulled back to the area of the previous sideways-moving consolidation box. Here, we are expecting for the price to form a new box and range within the borders of it before making another impulsive move. Considering the current strength of the USD and the recent price development, we strongly believe that the bearish moves will continue for the near future.
WTI 26th of September WTI perfectly started a downtrend after the breakout of the pattern and the retest on the supply zone.
still no sign of bullish signal on COmmodity and oilit proves the dollar still bullish
maybe we need to wait for the 2 November 2022 FOMC 75 bps rate hike...
HOW TO TRADE COMMODITIES THE RIGHT WAYThis video explains 3 concepts, technical, fundamental and sentiment analysis. All three were used as a solid confluence which gave a remarkable 500+ pips move.
Commodity Corn idea (23/09/2022)Corn
The decline continues, since trading is less than the top of the B wave at 699.75 prices, and this decline continues to lower to the end of the III wave, targeting 585.75 prices in the medium term as well as in the long term
WTI 23rd of SeptemberWTI, as always, did the same movement. Price broke the pattern, retested it and reached our supply zone.
US30 23rd of SeptemberUS30 perfectly went through our liquidity level. Once reached, the short happened.
GBP/USD 23rd of SeptemberG/U perfectly reacted to our key level. After reached it, the short happened!
GOLD (XAU/USD): detailed breakdown. What is the next step?As it can be clearly observed from the 3H timeframe graph, after breaking out of the ascending channel illustrated on the chart, the price has managed to re-test the area of the 0.618 Fibonacci retracement level and complete the break+retest pattern.
At the moment, the price is trading within the borders of the rectangular range portrayed on the graph. Considering the strength of the USD and the recent price development of GOLD, we are pretty positive that bearish impulses will continue from here on.
With the Stop Loss above the upper barrier of the consolidation box, we are entering short positions and aiming for the bottom of the ocean.
Commodity DBC idea (22/09/2022)DB. commodity index
We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started declining in waves (3). We expect prices to drop to 2.618% at 20.02, but for now,
Commodity soybean idea (20/09/2022)soybean
We expect a drop in the soybean commodity in the coming period since trading is less than the crucial point 1509. Currently, we expect to complete the correction in wave ((ii)), which may reach prices of 1471 or 1480 before declining again.
GOLD Volatility Forecast 19-24 Sep 2022GOLD Volatility Forecast 19-24 Sep 2022
The current implied volatility is +-36.6$ from the current opening of the weekly candle, 1674$
With this in mind, we have a 80% chance that the market is going to stay within the range:
TOP: 1711
BOT: 1637
At the same time, we can see that the average weekly candle, is around 1.5 - 1.75%
From the technical analysis POV, we can see that our asset is above EMA 50/100/200.
From the volume POV, we can see that currently CMF level is on the negative side, indicading a stronger seller positions.
I believe we are to go towards 1650 initially, where probably we are going to meet some resistence, but if we manage to break this part, probably we can go twaords 1640 - 1630.
WTI 19th of SeptemberWTI, after the breakout of the pattern, reached without any problem our target, the supply zone above it.
XAU/USD 19th of September Gold, after a huge bearish trend, started a consolidation period. The consolidation period was our key level to identify a new possible trend. Price thanks also to fundamental analysis, started an uptrend.
Gold is meltingthe short move is started, and it is a great opportunity to move with it.
good luck
Arya The Trader
WTI 15th of September WTI, after the breakout of the pattern drawn, made a retest before the beginning of a bullish trend .
GOLD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GOLD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
WTI 14th of SeptemberWTI amazing setup. The price, once broke the pattern, made a retest on the demand zone before starting the uptrend.
USOIL Simple Head and Shoulder Pattern BreakoutIt has formed a simple Head and Shoulder pattern in a 1 Hr time frame, we can look for retest entries in the lower time frame for going long. Here I went long at the retest of break out entry and booked 1:4 profit.
