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Silver (XAGUSD): Bullish pattern spotted.Silver (XAGUSD) is trading within a newly emerged Channel Up on the 1D chart (RSI = 60.617, MACD = 0.050, Highs/Lows = 0.2338) following the October 1st bottom just above the 1D Support Zone. Both the 1D candle action and the RSI sequence resembles and October/ November 2018 fractal which delivered a strong rise once the Channel Up broke. Our advice is to take a careful long approach towards 19.000 - 19.500 moving the stop loss on the Higher Low of the Channel each time to limit the potential loss while keeping a maximum gain perspective. Check out also how we expect its relationship with Gold to trade: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAGUSDLong
by InvestingScope
Platinum (XPTUSD): Bullish Megaphone towards a new Higher High.Platinum posted a strong rebound on the 871.00 October 2nd low and is currently rising on 1D (RSI = 62.934, MACD = 2.660, Highs/Lows = 16.6714) towards a new Higher High. The Higher High is designated by the 1M Megaphone pattern it has been trading within since August 2018. The 1D RSI patterns suggest that a new bullish leg may start without needing to make a Higher Low. Our Target Zone is 1,020 - 1,040. Keep in mind that XPTUSD has just initiated its new multiyear Bull Cycle, and we consider it a top investment in the coming years, a matter we analyzed on our long term analysis below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDLong
by InvestingScope
2
KEN2020-KEK2020 - Commodity Spread on Coffee FuturesKEN2020-KEK2020 Rising triangle in formation on this spread between two wheat futures contracts. Statistically, in the previous 15 years of our seasonal window we have come to profit in 100% of cases with an average risk reward of 3:1. With this strategy we started trading years ago, bringing us considerable profits that made us understand that operating in the financial markets was an incredible potential source of income if done with professionalism and discipline.
CBOT:KEN2020Long
by SwissTradingSchool
US Oil Head and Shoulders/Bottoming PatternThis is a 2 hour chart of US Oil. I zoomed out a bit because I want you to see this support/flip zone we are at. Provides more confluence. Of course, you can easily see this on the daily and other longer term charts. We bounced from this zone and it seems we have exhausted the downtrend made up of lower highs and lower lows. Currently, we may have made our first higher low which requires a higher high to confirm. We appear to be in this process. I am waiting for the break and close above 53.30 which is also a flip zone and is a neckline for the head and shoulders we have. 55.00 would be our first target zone. Let's take a look at UK Oil too: I would say the similar criteria is being met, but the flip zone we want to see break is the 59.30 zone. Oil is interesting and I spoke about the geopolitics in a previous post. Oil is key for Russia and China in attacking US Dollar Demand and Iran is key for them. Linked below. However, I believe we are going into a recession (or maybe already in one) and oil will be suffering. I outlined this in my Aramco oil post. Everyone knows about repo. How the Fed is now once again expanding their balance sheet. Stimulus is coming. We are not in free markets anymore and banks require capital and need to be propped up. In the last oil downturn, governments forced banks to loan to suffering oil companies. These oil companies could not fall due to employment. This means that a lot of banks have loaned money to oil companies that they know will never pay back. Zombie companies. Oil for this reason needs to be propped up. This is the world and environment we are in as we head into the confidence crisis and closer to big government. Everything needs to be managed because banks will fail, pensions and retirements will fail (make money when stocks go up only).
TVC:USOILLong
by Uncharted-FX
Platinum (XPTUSD): Lower Buy Opportunity.XPTUSD has been on a very strong rise in late August almost hitting the 1,020 - 1,045 1M Resistance Zone. Despite trading on bullish 1W technical values (RSI = 64.131, MACD = 26.660, Highs/Lows = 45.6178), the volatility itself is high enough (ATR = 41.0321) to justify a pull back to the 1D Support (890). This is where we expect Platinum to seek buyers as long as the 1W MA50 (blue line) provides support. Once this pull back is completed we will aim again for the 1,020 - 1,045 Resistance Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDShort
by InvestingScope
SILVER: New bull cycle or just a Lower High? See what to expect.A lot of discussion is going around on whether or not Silver has enter a new long term Bull Cycle. We are not against this possibility. But we thought it is useful to analyze also the scenario where XAGUSD is only on its way to a Lower High before diving even more on the long term and continue its multi year Bear Cycle. On the three charts you see the current price action on the 1W time frame followed by Patter A which shows the price action mostly in the 1980s when Silver was still in the Bear Cycle, making only a Lower High and then Pattern B which shows the late 1990s - early 2000s when Silver broke into its last Bull Cycle. All charts share some similar sequences: Peak (Lower High) on the Red Arrow Down, followed by a Channel Down (orange shape) and then accumulation after the bottom (eclipse shape). What followed in all charts is a very aggressive (non-stop) bullish 1W candle streak. What separates the patterns though and is the key in determining which phase Silver is currently at is the Golden Cross formation. On Pattern A it took place after the aggressive rise made a peak (Lower High) and then Silver extended the Bear Cycle. On Pattern B the Golden Cross took place before the aggressive rise made a peak. Then the price pulled back to the MA50, which held and supported Silver as it started its new Bull Cycle. We have to say that on these terms, the current price action resembles Pattern A more, as the Golden Cross hasn't taken place yet. However it is not at all impossible to be replicating Pattern B as Silver may continue this parabolic rise so aggressively and make the Golden Cross on much higher levels. We therefore would suggest investors to take a wait-and-see action and observe how the candle action will affect the MA periods. * If the price currently pulls back and tests the MA200 then we are most likely still within the Bear Cycle and Silver will extend the downtrend. * If it rises more and then pulls back to test the MA50 then we will most likely be starting a near Bull Cycle and investors can more safely enter into a long term trade. We will be analyzing Silver on a more regular short/ medium term basis so stay tuned for more trading set-ups. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
COMEX:SI1!
by InvestingScope
2
XAUUSD: Long opportunity as the MA200 approaches.Gold is being aggressively sold this week with favorable news on the U.S. - China trade war negotiations acting as the catalyst. Technically it is a rejection on the 1,555 Double Top. The price action is identical with the June- July sequence, when Gold again looked for a final support on the 4H MA200 before starting the next strong rise (orange channel). At the moment the price is getting close to that 4H MA200 test with very high probabilities of finding again a Support. With 1D neutral (RSI = 53.911, STOCH = 54.738, Highs/Lows = 0.0000), this is the most optimal short term buy level towards at least the 1,555 Top if not a Higher High (as it may again start a new strong rise). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAUUSDLong
by InvestingScope
1
ZWZ2019-ZSX2019 - Commodity Spread TradingZWZ2019-ZSX2019 Wheat December 2019 - Soya November 2019 Interesting spread between the December futures contract of Wheat and the November contract of Soya. As it is statistically deduced from our software, in this case the Moore Research, we have a percentage equal to 87% in which this difference is reduced, and therefore, a normal convergence of the two values of the contracts that bring their distance closer to 0 rather than move it away. The very nice thing about this type of operation is the reduction of the volatility that can cause sometimes big problems. For example if on the soya there should be some important news its value could vary suddenly and the grain, being a correlated of it, would follow it consequently and it is for this reason that through the Spread Trading these potential unexpected problems are avoided. www.mrci.com
CBOT:ZWZ2019Long
by SwissTradingSchool
spread wheat vs corn 07:49 29-Aug-19. ADDING SOME MORE..LOG spread wheat vs corn 07:49 29-Aug-19 I spread trade WHEAT versus CORN. I follow more or less - Keith Schap – The Complete Guide to Spread Trading The guy who spreads and makes a little every day is the one who walks away with the big money.” –A veteran trader, quoted in Futures Every time i enter a trade in WHEAT i enter a trade in CORN with the same amount of units. Trade accordingly your account size. The trades can last hours, days or weeks. Patience and discipline and money management. I will not lose more than 5% of the equity. I can trade every hour or other. Intercommodity Spread The Intercommodity Spread is a spread between two different commodities, but in the same delivery month. Often this spread will set-up according to seasonality or occasionally a harvest supply/demand picture. The Corn-Wheat Spread The Intercommodity Spread is our focus for today! Specifically, we will analyze the merits of the Corn-Wheat Spread going into the 1st and 2nd quarter of 2011. This is a trade that I have monitored since the 80’s. I believe that it was first notable in the mid 60’s. The beauty of taking a classic trade and reviewing the trends and history of the trade saves time in research and previous observations may even save money on potential variances to watch for. In this particular spread, we note that July may be a strong month for corn as the weather conditions, plantings acreage, export numbers may still be unknown. The crop is still vulnerable until toward harvest which is in the fall. On the other hand, the harvest for the soft red winter wheat may be in July, allowing the market to regard the saturation of a harvested crop. One may look at the months; March, July and September contracts for this particular spread trade and select another, but this is the anatomy of the spread, not to be confused with a trade recommendation. As a matter of fact, this spread may be reversed at another time of the year. June may be a time frame to review the Wheat-Corn Spread. These grains are both feed product and may also be affected by livestock production trends, global supply-demand figures, weather conditions and basis for the farmer. The wheat is typically a heavier protein cereal, while corn does not vary to the extreme. In modern times patents on the seeds of varied grains has become big business. The USDA regulates the delivery, grades and contract size regular for delivery. The seeds and fertilizers must also endure disease and pests. There are Government Subsidy programs as well in some cases to control the crops being planted. In recent times, Africa has been know to lease land for crops to fulfill some of their required grain inventories in countries such as China. Technically, it is good to pull up a spread chart to monitor the merit of the potential move. One may select their Indicators to best confirm an entry. There is no audio in my videos. This is a demo ac. I have a real ac with oanda.
OANDA:WHEATUSD
by DORMAN5
spread wheat vs corn 12:51 21-Aug-19.LOG spread wheat vs corn 12:51 21-Aug-19 There is no audio in my videos. This is a demo ac. I have a real ac with oanda. I spread trade WHEAT versus CORN. I follow more or less - Keith Schap – The Complete Guide to Spread Trading The guy who spreads and makes a little every day is the one who walks away with the big money.” –A veteran trader, quoted in Futures Every time i enter a trade in WHEAT i enter a trade in CORN with the same amount of units. Trade accordingly your account size. The trades can last hours, days or weeks. Patience and discipline and money management. I will not lose more than 5% of the equity. I can trade every hour or other.
OANDA:CORNUSD
by DORMAN5
"Top and Bottom Analysis" NATGAS by ThinkingAntsOk4H CHART EXPLANATION: Main Items we Observe on the Chart: -Price is inside an ascending channel -Currently, the price is against a Major Support zone and facing the lower trendline of the ascending channel -We draw a descending trendline, we expect that to be broken before taking any long setup. Based on this if price closes above 2.597 we expect a continuation of the bullish movement towards the upper trendline of the ascending channel at 2.723 MULTI TIMEFRAME VISION: - Weekly: -Daily:
OANDA:NATGASUSD
by ThinkingAntsOk
Bullish signs from Iron Ore Futures 3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more likely. Before getting too far ahead; look for a lower trend-line bounce first. This is a 100% technical analysis and no element of fundamental analysis was considered. I am not a professional trader and my analysis if shared simply to further my own education.
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by flyinkiwi10