Hey Nathima fams! I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising: Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold. Buy Opportunity: Considering this bullish trend, I'm highly...
Cocoa: Cocoa futures hit $9,400 a ton for the first time ever, marking a 45% increase in March. Poor harvests in key producing countries such as Ivory Coast and Ghana, where adverse weather conditions, including heavy rains from El Niño and subsequent extreme heat, have led to supply shortages. The Ivory Coast cocoa regulator anticipates a 33% decrease in...
I wont lie, this one scares me the most, XAUUSD looks like it might be in some trouble. Im seeing a selloff happening from around this range, looks like we are still in a big correction which will end around the 1600.00 to 1500.00 range. Where all is in confluence i will update you guys on this. This is not me saying sell or what, im just sharing what I'm...
WTI Crude Oil has almost reached on Wednesday our 83.50 long-term TP and it is time for us to turn bearish and consider a long-term selling approach. Technically, the 1D chart already almost turned neutral (RSI = 56.205, MACD = 1.310, ADX = 32.453) and hasn't even approached the 1D MA200. We are targeting a decline near the 1D MA50 (TP = 78.00). If the price...
Targets met. Activity in an options portfolio that was poised to rise before the market rose (INSIDER) resold 4.14 calls into the market. Made 400% on that strike. How about that? Is it worth studying options strategies and tracking the activity of the big players?
In this live trading video,we explore the 3 lessons that we learnt on missing the Brent oil trade. You can cross transfer these principles on any strategy.
The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
WTI Oil is neutral on the 1W technical outlook (RSI = 51.426, MACD = -0.040, ADX = 21.884) as it is about to close the third straight week trading sideways on the 1W MA50. On this long term chart, we can clearly see that the price hasn't crossed over the R1 level (79.75) since November 13 2023. As long as it keeps closing the 1W candle under it, we are bearish...
Today's focus: GOLD Pattern – Channel Test Support – 2023 - 2020 Resistance – 2035.80 - 2055.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart. Gold saw a solid session to end last week but failed to break its price channel. Will we see the channel hold price and possibly send it back to the bottom on...
Today's focus: Silver Pattern – Breakout test. Support – 21.90, 22.84 Resistance – 23,45 23.19 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. Looking at Silver, we see that price continues to pull back after breaking out of a triangle-based squeeze pattern. This is fine after a breakout but we want to...
Today's focus: Oil Pattern – Resistance re-hold Support – $77.21, $76.30 Resistance – $78.85 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil on the daily chart. Today, we have broken down how we see price and key levels. Once again, we have seen resistance re-hold and a new move lower after tests failed. Will we see a new...
Today's focus: Nickel (XNIUSD) Pattern – Diagonal Pattern Support – 15,840 Resistance – 17,198, 18,500 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Nickel on the daily chart. We have been watching Nickel for a few weeks now, traders, as the consolidation pattern continues to drag out. The shape of the pattern at this point is...
Uranium ore trades is at records highs, as several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a "green" future - along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run. On Wednesday,...
Hi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20...
The American Petroleum Institute's latest report indicates a significant draw in U.S. oil inventories – a larger-than-expected decrease of 5.2 million barrels. But what does this mean for the market? This drop in inventories typically signals a tightening supply, which, in theory, should push oil prices up. However, the data also showed an increase in gasoline...
CME: Lean Hog ( CME:HE1! ) Throughout 2023, U.S. grocery shoppers find that beef prices rise rapidly. According to the National Daily Cattle and Beef report, published by the U.S. Department of Agriculture (USDA), Choice Beef averaged $290 per cwt (100 pounds) on December 8th. This represents a 16% increase year-over-year and is 21% above the 5-year average. In...
Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP =...
Crudeoil should be bearish its facing resistance of 6400