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Energy Commodities

Central bank calendar for 2020Here are the important dates. * The small red lines are supposed to indicate the EUR & USA central bank meeting dates. Looks like February might be dead, with maybe a bit going on in Oceania. May calm, maybe some UK & Oceania going on just like the end of 2019, August dead but who cares, and the rest of the year interesting especially June so just like 2019 maybe. I have some things on the radar for January already. I am planning my year around this calendar. Also let's not forget the 2020 election too, this might be the most important date. For stocks & indices of course but even for those that don't trade those or don't trade them much (like me). Going to be an interesting year... In the world of Currencies Gold Metals Energy which is what I do, also what will happen with the climate change hysteria is going to be interesting. There's a large part of the population that think the world is going to end so what will they do? They will impact politics and the economy. 10% of israel population are in a sect branch of judaism and the government does some of the thing they want, muslims... well I don't even need to explain that... 10% are salafists which is the world most powerful "cult" or "sect" with a huge impact, and in Eu & Na I guess the number is the same? 10% are deathly afraid of CO2? They will have some impact and this will definitely drive the price of Oil NatGas Copper Nickel which I have in my watchlist, as well as have some impact obviously on the economy. And will socialism grow? Or fade out? I myself guess it will die out just like in the UK... Seriously, germans voted for Hitler but they were starving. EU & NA populations are not starving so why would they go full insane. East europe went full insane but that was their revolution, they overreacted as usual. France had their revolution in 1789 and it was followed by a period of terror, then Napoleon, then changing governments... Took what like a century to go to a clean democracy? Soviets had socialism with going back and forth between capitalism and full communism from 1920 to 1990, nothing surprising there. I doubt they will go back. What people call "capitalism" is just the natural order of things. Like it or not everything has a price and a reward. Nothing gets magically created. Nothing is lost, nothing is created, everything is transformed. Well, going to be a fun year. I probably won't post much about stock indices, I am just perma long till the Dow gets to ~33k, I won't post much about Bitcoin it is so boring, there is the halving and also now is when satoshi gets his coins? Might be interesting actually. Just going to focus on USD EUR GBP CAD AUD NZD SEK JPY CHF GOLD NATGAS USOIL COPPER NICKEL.
Education
by MrRenev
Resistance On Crude Oil Is Support On USDCADHello traders! Today we will talk about Crude oil, USDCAD and their negative correlation in the market. As you may already know Crude oil and USDCAD are in tight negative correlation, not tick by tick, but they are mostly in the same shape, just inverted. Well, want we to point out is that correlations are very important to get the right approach to the markets. And, if you combine them with EW and some other technical tools, then sometimes can be much easier to recognize the pattern and direction. Let's dig into the charts. Crude oil can be forming big triangle and now when it's trading nicely within a corrective channel and right at the upper triangle line and potential resistance, we wonder if it will break up or it will turn down. But, if we take a look on USDCAD, from EW perspective we can see quite nice bullish formation that can send the price at least towards the upper triangle line. So, if we consider all the evidences, then the next move should be down for Crude oil and up for USDCAD, at least into the projected minimum target area, if not even further. Trade smart and wait for confirmations! If you like what we do please like, share and follow us. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TVC:USOILEducation
by ew-forecast
1
DXY Oil11.27.19 Yesterday I uploaded a video suggesting that the dollar was going higher. Today is the follow-up in a quick review of that market. Next I discussed oil and talked about ways of taking profit and scaling entries and exits to make more money with less risk. And then I took an example using the oil chart of how markets are really much more likely to benefit buyers and sellers and not just one side of the market. But depending on how involved you want to be as a traitor, you may or may not want to see the algorithms for both buyers and for sellers as markets can benefit both sides, and it all depends on the trade location and an understanding of the set up and what you can expect for a reasonable target. I did not talk about one other aspect of this on the video, but in transitional periods in the market when markets are about to make significant changes, markets can actually burn buyers and sellers. This is why the market can be so difficult and why most traders fail a trading. I found in my own study of the market over the years is that I had to dig deep into the assumptions and the way that I processed information so that I could change my paradigm... and accept those changes... in order to benefit from the market. I had to change many things over the years.
FX:USOILEducation
by ScottBogatin