COFF trade ideas
Carbon Correction Healthy but over - Now 5th wave upFollowing yesterdays crazy unwind which is now already reversing chart reveals correction stopped at exactly .618 of 3rd wave up. I see that as healthy. We now start 5th impulsive wave up. Comments are on the chart.
CARP - EU MTS likely to run to EU 35 Incredible bull run of last few days has to correct which is what it has started to do. Sep 19th futures contracts may put a little bearish pressure. Then anticipation of Carbon FWD annual conference will move prices up again prior to correction when Germany indicates in late Oct what they intend to do regarding Coal power station abatement. Then final push up as mkt anticipates new EU MTS regime in 2019. By Jan 2019 most of price rises will be priced in and if reaches EU 35 or CARP 2300 then holders of credits will start to sell since risk of holding will be too high given uncertainty about coal abatement and investors taking profits.
Current price of 1585 will prob correct to c.1525 then push up as ideas above and chart suggests.
Selling ExhaustionLooks like we have a selling climax in Soy Beans. I'm a buyer here with a stop below 3.25. I would expect a 2nd test of the low, so for a lower risk entry await the 123 (ie a higher low) to get in.
CORNOil & PM's have seen some bounce yet some other commodities are "depressed". My thoughts are on the chart....average in as price trends up on the first 2 small levels and the 2 fib pulls below. Human Food, Animal Feed, oils, etc from corn in a time of grown populations & urbanization.
US sanctions on Rusal send Aluminium prices higherUS sanctions on Rusal send Aluminium prices higher.
Can Aluminium complete the trend reversal and
head into an new uptrend ?
Needs to break 3.802 to really confirm a new trend
ETFS Natural Gas Forecast Update 1Seems to form a new resistance level @ 0.0256. Hopefully ii breaks and reaches the level @ 0.028. It will dance around this level @0.0256 for now.
ETFS Natural Gas ForecastResistance@0.028 price level has to be broken. If it gets the support @0.028 then I hope it breaks support @0.031.
ETFS Natural Gas Prediction This is my very first prediction and/or analysis. It is not based on solid technical analysis but the MACD shows some trend changes after it hit the lowest level last week. So based on this I predict the price of this etf should easily 0.29 by April. Must revise this after a week.
Coffee cycle lows December 2017?Weekly chart worth noting. Looking for Coffee to melt up through 2018. suspect we saw cycle lows at Dec 2017
Huge bull pennant. Bullish Divergence on RSI and MACD?
DSI of only 20 on 9th Feb 2018
*** Unicorn ***This is where I lose all my Xmas present funds... and my house
... and the money i stole from my parents. There may be tears
... and no chocolate for the kids
Nickel could see a trend reversal after 2yr+ double bottomNickel could be at the start of a trend reversal.
Double bottom pattern started in June 2015 and is now complete
Next step is to break 200 EMA resistance, which is already being tested.
$COCO Breakout. Does it have the legs to go past 2.49?Breakout from 2.34, but does it have the legs to go past 2.49?
Looks like a bottom is in place but will the trend reverse now or much later?
Aluminium daily chart. Breakout.A breakout on the daily chart for Aluminium. China is reducing capacity and is trying to prevent speculators from taking the price "too high".
Wheat forecastIs this too easy to predict using a charting principles
or will wheat follow and break out later in the year?
Wait and see.
