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Maybe it is not too late to get some BREAD !!CBOT Wheat is range bouncing! WHAT NEXT? My current view remained neutral with wheat being in a range of 632 - 670. However, wheat could develop a bullish move on Monday and early Tuesday due to USDA Supply and Demand report later Tuesday. Wheat is overall bullish trading in this range, so we should be looking for Trend-Following Buy setups as it approaches our lower orange demand zone at 625 - 632. So the highlighted green zone is still a very strong area even though it is tested a coupled of times. I strongly believed that this is where smart money a.k.a institutional traders stops hunt and they are looking forward to make the market move higher. As per my trading style: I already have a couple of positions open at 626 and 630 with stop losses somewhat at 615. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! ~ Tuan Anh Commo
CBOT:ZW1!
by TheCommoTrader
Oil Ascending Channel - Long OrderOil Ascending Channel Long Position Entry: $51.69 TP & RR: $52.87 (1.59) Stop Loss: $50.95 REASONS FOR THE TRADE After breaking up at the ascending triangle, Oil has now formed an ascending triangle, testing the lower trendline. If it holds I believe that it will make a higher high and potentially trying to test the upper trendline or at the very least do a double top. My Stop Loss is very conservative here because there may be a fakeout and I don't want to get stopped out (my USDJPY trade is still haunting me I guess). As I am writing this I can see that the price is already going up, so I hope a small pullback will give me the entry I want, after which I will start trailing my SL.
TVC:USOILLong
by Quant_
4
SUGAR is testing an important monthly structure 🦐SUGAR is testing an important monthly structure, a static resistance, and dynamic resistance (trendline purple). The price created even an ascending channel on a weekly timeframe. IF the price will break the monthly and weekly resistance, and turns into support, we can see a nice bullish impulse, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SUGARUSDLong
by InkyGrip
4
Gold Bullish Sentiment Personality, I feel that we have met the GOLD bottom for the year. Possibly forever. Well, my $1830 target 🎯 missed by $12, but that's OK. So, why do I think the bottom is in the past? Dollar Devaluation The US Fed has devalued the dollar through a number of tools. This has and will have an effect on the equity & commodity markets. See, when the dollar is weak, the equity markets will rally - this has an implication that there will be no stock market crash any time soon. How the FED actions affect the market - -> In addition to this, as long as the equity markets rally and DXY remains weak Gold, silver, lumber, and agricultural futures will rally. Dollar Devaluation impact - - > Gold & Silver as a store for value. It's no secret that the DXY currently isn't the best for storing value as a reserve currency. Near-term bonds & yields are also at record low levels hence making it unattractive for hedge funds to stick to the traditional 60:40 portfolio allocation models as central banks are already flirting with the possibility of negative interest rates. So, what can they use as a store for value? [* Mining If you follow gold mining, you already know that there has been no gold discovery recently. This translated to basic demand-supply economics means that the price might shoot up. See, gold demand is going to rise in 2021. Last month's delivery of gold from futures was high and this is going to rapidly rise as we approach the December deadline for the GC1! continuous futures. You could also trade the VANECK gold miners ETF for a nice highly correlated compounding trade. CFTC COT WEEKLY DATA Hedge funds remaining bullish with record high net positions seen from last week's report with 323k long positions open. On the other hand, we are in volatile times, therefore, be careful. We are not yet out of the woods. Price is currently testing a breakout from a descending wedge. If it successfully stays above the $1912 support level, it's safe to assume that $1960 and $2000 are the next targets. If you agree with the idea, like or leave a comment below 👍🏿 👍🏿
FX_IDC:XAUUSDLong
by GrizzlyBearBee
Sept20 - CPO (1M) - New Bull Cycle if Stays Above R@2.8-3.1kI just did a long-term analysis on Bitcoin, which yielded a similar outcome -- long term Bull Cycle. Fundamentally, I'm suspecting this is a signal for what's likely to come next -> High-Inflation or Hyper-inflationary era due to overprinting of USD (global reserve currency), which is typically marked by inflated food/soft commodity prices , & a capital flight to alternative store of value . Back to CPO, we've been in the WXY (Elliott pattern) or triangle consolidation phase for over 10yrs, since 2009 sub-prime plunge. Post-COVID bounce does seem to be taking an impulse 5-wave form so far, suggesting a potential wave1 of new Bull trend, for as long as price stays above 2800-3100+ R-zone. Successful standing above Major R1: ~2.8-3.1k, on the next test, will mark the end of long term consolidation. Happy Hunting! 🥂🚀 -jk-
MYX:FCPO1!Long
by jeanne_k
SLV iShare I love trading SLV instead of XAG. Simple reason, you get all the price action but you don't trade with leverage (at least on my trading platform I have that option) I'm in for the long term with SLV. Might do a few small trades if the market signals are significant, but largely I'm HODLing. Silver has been receiving lots of positive publicity lately wit Warren Buffet moving away from the USD. And being much more volatile than Gold, as well as cheaper, it is a great option to diversify and to be a part of the commodities market. It is important to note that silver is used in electronics, batteries, nuclear reactors, touch screens etc. I don't see the demand decreasing for these items at this point. Curious to hear what you trade, XAG, SLV, both? Respectful and constructive feedback welcome. Thanks, Ev
AMEX:SLV
by BlockTechEv
4
Last Thoughts Before The Weekend - Gold's Most Important LevelsThe weekend is coming and in this analysis I wanted to share with you my final thoughts before the market closes. For GOLD it will be very important to keep an eye on the resistance I marked in yellow. This is an area that brought lots of resistance over the last week. Every time the price hit this level, the bulls were quickly chased away by the bears. Right now the price is at this level again. When the price is close to a resistance zone, two things can happen. It can bounce back to lower levels such as a support zone, or it can break through and spike upwards with high volatility. This happened already one time during a false breakout at the 27th of August. In general, I find it not a good moment to buy your way into gold. The price is in the middle of the channel between the major support and resistance and therefore have bad risk reward going either direction. I will be keeping an eye on this smaller yellow resistance, and depending on what happens a direction might show itself. For an explanation about the other levels, see my previous idea here Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
OANDA:XAUUSD
by Trading-Guru
5
AUD USD - Risk on - await buys Hello traders and analysts, So currently we are in a range - and we will need to be reactive here on the four hour time frame in order to see where price will show us, rejections for buys or sells. What can be shown technically? MA Longs Short Total Long Short Avg_13 30,441 54,256 84,697 36% 64% Avg_20 33,958 63,290 97,248 35% 65% Avg_50 39,133 76,363 115,496 34% 66% Avg_130 38,877 76,625 115,502 34% 66% So why is price bullish? Great question - at this present moment the USD is still showing signs of weakness, which is a tactic by the US government to create benefits for imports and exports - Trump is all about business so the sentiment of an attraction to a weak dollar is pivotal, in addition to this, stimulus package of 1Trillon USD will be injected into the economy. Technical set up: Top blue - Weekly imbalance zone Blue zone at 0.72 - we have a nice supply zone which will be a good opportunity to short before adding longs. weekly Fibonacci retracement is showing signs of Bullish momentum to go for a retest of the 0.7045 if a long option is available. At the moment the COT data shows signs of weakness but now a sentiment switch but profits are still being taken and extended - this is still a play with the weak dollar, but keep in mind USD gain turn any moment. We have a sell zone shown of where price will react for our view. Also is a buy position if price shows bullish signs upon retracement. Fundamentals: USD stimulus package has not been agreed so can show signs of strength of GBP if this fails to transpire. Failure to lockdown the country and social distance for states.. cases growing. Vaccination attempts to drive market sentiment. - pump and dump for stocks who claim to have breakthroughs. USD safehaven upon tensions between HK move on China vs USA debate. USA - cases in multiple states are high risk, the disconnect is unbelievable. twitter hack will affect tech stocks and S&P for privacy laws. election taking place in November. AUS - Victorian cases all time high, borders between states are looking to re-open with exclusion of NSW and VIC . AUS has seen large progress with stopping COVID and has a weak currency battered by the USD in order to create strong trade balance and tourism prospects. However COT data has changed and Aussie longs are now reversed and Net long - so this is a big shift - and Australian government have put price inline with the fundamental data. Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Thanks, Team Lupa
Long
by LupaCapital