Macroeconomic trends with a rough heating season for Europe, the continued war in Ukraine, the internal troubles in Iran, and the most recent OPEC+ meeting makes the macro position for Oil look bullish.
Looking at the charts it looks likely that oil will challenge the downward trend that has persisted recent months and coming two days let us know if it'll begin a...
Just a small TA analysis. Looking at the MA 50 - 200 we're closing in on a cross on the 15 minute chart after the 1, 3 and 5 minute MA:s have crossed each other and started trending upwards.
From a TA standpoint there should be a large move upwards if the 50 and 200 MA lines cross each other on the 15 minute chart.
Looking promising ahead of Elons TV apperance...
AMD has been in a phase of consolidation for some time, the stock has been trending upwards in recent time and is close to reaching a point where the MA 50 cuts the MA 200 lines on the 1 year graph. The response that we've received from board representatives is positive even though the company is being affected by the semi-conductor shortage, indicators are...
Looking at both chart patterns, resistances, stochastic and other technicals whilst having an idea of the effects recent releases and their revenues should have this looks prime for a Breakout. What does you others following ATVI think? Does it make sense or is it confirmation bias?
I've made more direct notes on the chart. If the lines on the chart are broken we will see respective turns upwards or downwards. When we meet the cross-sections there will be more volatility. My overall analysis is bullish on longer term but the time estimates unless we see a larger move are in accord to the notes on the chart.
But don't take my word for it, I'm...
Following the development of the silver price since the hype some time ago it seems that we now from a technical analysis standpoint are the bottom of a longer term trend channel. From here on out my idea is that we will turn back climbing upwards towards the upper parts of the trend channel.
But hey - I'm just a TA Noob, so don't take me all to serious.
It seems a bullflag is developing that should take silver upwards into a resistance point that might be hard to push through. Bullish for the moment, until the red line and thereafter a new analysis has to be made of the movement.
Either we will see higher volatility going towards new highs in silver now or it will continue on a long term uptrend. The Biden stimulus should however have an impact and result in greater inflations and therefore mean that silver will be valued higher towards the dollar. If it doesn't, then silver isn't connected to fiat and geopolitics and therefore broken and...
The technical level is very interesting right now, close to a break-out upwards that could go back to previous high on 29-30 and perhaps past it. I'm long.
Silver is looking to test the weekly TA trend. This could possibly be the beginning of a new bullrush if the resistances shown on the chart are broken. It would likely mean the start of more volatility but also a larger uptrend.
With macro looking the way that I've mentioned previously I'm decidedly positive and long silver.
Let's see where this takes us and if...
In accord with how the pattern is looking my outlook for the day is that silver will start out positive, test some intra-day resistances. Late day outlook, after US markets wake up the trend is harder to predict. We could either see a short term downturn resuming into a positive end of day or a breakout upwards after Europe's taken tried and possible broken some...
Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and...
