Iron ore futures contracts have reached two-year highsIron ore futures contracts have reached two-year highs driven by a dam collapse at a Vale mine in Brazil. The work of the mine was suspended, which affects the volume of supply in the market.
Such an accident is difficult to fix in a short time, and the market agrees. We see it in the prices of long term futures contracts.
Since the accident, the rise in the value of futures contracts amounted to
From 18% to 24% on the NYMEX
From 10% to 15% on Dalian Commodity Exchange in US Dollars
Nymex
ZECUSD channel down pattern Channel down pattern identified
Entry price: 69.71
Target price: 90
Stop Loss price: 63.94
Crude Oil CL1! : Bearish divergence beetween Indicators, Stoch RSI is overbought.
First target 65$ , if price breaks the blue line
than can reach 50-45$, if we are bounce - than this is like Elliott Waves 12345 to the 90$.
LIGHT CRUDE OIL FUTURES 4H NYMEXI suggest a sell on a break of the #2 point (72.14) with your stop loss above the #1 point (75.46).
Targets are 69.00 and 66.00.
Be sure to size your trade appropriately. Do NOT bet the farm.
Crude is retesting the broken up trend lineCrude broke a year long up trend line earlier this month. It has now tested the bottom of the up trend line several times and looks ripe for drop.
Take your loss on a daily candle close back above the trend line .
Target the three indicated levels. You can even hold a portion of the trade for the June 2017 low.
Follow your stops as the trade moves in your direction.
Be sure to size your trade according to your risk parameters. NEVER BET THE FARM!
No trade is guaranteed 100% to work. You NEVER know what the market will do.
Your first job is to protect your trading account.
Crude Oil Future APR2018 (NYMEX)Trading Signal
Short Position (EP) : 62.80
Stop Loss (SL) : 62.85
Take Profit (TP) : 62.35
Description
CL1! formed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (62.80) and place stop loss after 0.382 level of FR (62.85). Once the position was hit, place take profit before an agreement (62.35)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 Tick value = +-$1000
Commission fee = -$30/contract
EP to SL = 0.05 Tick value = -$50/contract
Contract size to open = 12 contracts
EP to TP = 0.45 tick value = +$450
Expected Result
Loss = -$960
Gain = +$5,040
Risk/Reward Ratio = 5.25
Crude Oil APR2018 (NYMEX)Trading Signal
Short Position (EP) : 63.05
Stop Loss (SL) : 63.75
Take Profit (TP) : 62.00
Description
CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then, place stop loss (Buy stop) at high of the candle stick (63.75)
Money Management
Money in portfolio : $50,000
Risk Management (2%) : $1,000
Position Sizing
1 Tick value = +-$1000
Commission fee = -$30/contract
EP to SL = 0.70 Tick value = -$700/contract
Contract size to open = 1 contracts
EP to TP = 1.05 tick value = +$1,050
Expected Result
Loss = -$730
Gain = +$1,020
Risk/Reward Ratio = 1.38
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30
Money Management
I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD.
Position Sizing
1 Tick = $1000
1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons)
It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000
To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con
Then I will put 1 Contract
#Boeing - Release of new 737MAX 9 gives positive climb rateHi guys! Not a technical analysis, more of airplane lovers analysis. I'm forecasting Boeing price climb upto 192 as there are more and more interest in their new 737 family aircrafts. They did a lot in terms of fuel efficiency and introduced longer fuselage. New CFM engines, new signlets look amazing and they decrease fuel consumption by manipulating aerodynamics.
Crude long idea- CLBounce-a-thon
You can wait for the 50.13 resistance to break to go long
or go long now and have a stop at 47.52.
However, there seems to be a better risk/reward if you go
long after 50.13.
Be patient with this kind of setup since it's a daily chart.
Also, I'm new so please trade accordingly.
Signs of weakness despite output cutsWTI failed to break new highs despite efforts to cut output from the Saudis. Iran and Russia has yet to fully comply with output cuts meanwhile US oil production gradually increasing week on week on the back of reports suggesting that shale production cost are becoming cheaper.
US Dollar remain strong in an uptrend after breaking out from its trading range, this will probably push oil prices lower.
Short with SL 55.5 Target below 45This is bit of a contra call since fundamental news points to oil moving higher in near term.
EW count is self explanatory; also note the RSI divergence. Crude is moving in an expanding wedge and has lacked upside momentum despite positive news flows. If the EW count is correct Crude could move to new lows in 2017 .
SL should be breakout from the expanding wedge (currently at ~ 55 and offers lucrative RR); 43 should offer medium term support.
US OIL LONG TERM BUY OPPORTUNITY I will be looking to go long on oil around 44.10 with a target 1 of 49 and target 2 of 51.80 with stop below 42.80. lets see how it plays out!
Bullish setupHow can we see, NYMEX:CL1! is rising and some indicators show this bullish move.
If the trend revert and pull back by 23% this strategy will be invalidated.
Nymex Crude Oil Technical Analysis for April 21, 2016Oil price may reach 46 area before it corrects down temporarily for bulls to take over once again.
For details, check
eeetradinganalysis.wix.com
