Natural Gas has been consolidating for almost a year now at an 886 fib retracement, considered deep value. The week of December 11th ran all local lows going back to June 2023 and had the highest volume in 3 years. Could be putting in a bottom here?
NIO high time frames look to be putting in a double bottom at the .886 fib node, considered to be a deep value area.
Monthly bullish engulfing candle if it closes around here on Friday.
Invalidation could be multiple weekly candle closures below $8.38, low from Oct ‘22, would let this run potentially to $20 region if it really gets going.
Gold made recent all time highs. Monthly chart looks like a cup and handle and it has been consolidating in the handle for almost 4 years now. If Fed turns genuinely dovish that would definitely help gold.
Monthly chart so long term outlook but next year could be interesting for gold if it manages to break out.
Previous ATH on the daily is $480.88, on the 1H chart NVDA has tested this level as support twice in with price action that looks like a spring —> backtest of spring. Still exceeding expectations with earnings even if guidance wasn’t as bullish as people had hoped. Has obviously run up a lot but very strong uptrend and worth a go to get onboard the trend imo.
Interesting reaction at previous all time low from Oct 2020. The board have approved a new share buyback program. Arguably a low risk area to consider a long as risk can be defined easily below $1.38 (previous ATL). Has run up a lot today already so looking for entry on lower time frame pullback would be sensible. Trend has been down for a long time but recent...
In a strong downtrend recently, brief dead count bounce at a strong demand level. Still above this level for now. Bearish divergence on the MACD. Rejected off the 50EMA and the RSI 50 level, which could be early confluent factors to suggest the trend is still intact for now and this is a lower high before trend continuation. DXY 4H chart attempting to breakout of...
UUUU has been trading within this long-term range for 2.5 years or so. The EMAs confirm a range bound environment. It may be printing a higher low/back up after s sign of strength, if this was to be considered a Wyckoff re accumulation range. Narrative around the uranium industry is slowly changing globallly and becoming more positive. People are also becoming...
Visa closed below its 200sma for the first time this year. Looks to have painted a beautiful head and shoulders pattern, however this has not been confirmed yet (no close below the neck line). It does look as though momentum is shifting towards sellers with the lower highs and with bearish convergence on the oscillators.
Oil found heavy demand at the key $82.10 level, which has been resistance since Nov 2022. Also above a monthly level at $83.28. Daily looks a bit choppy but 4H could be painting a double bottom with oscillators developing class A bullish divergence. This is all in the context of the current geopolitical landscape.
Struggling to break above 2021 ATH. Bearish divergence on the oscillators on both the weekly and daily timeframe, below the trendline. Probably better shorts available in the market but if economic picture deteriorates could be a long way down.
Strong daily uptrend. Consolidating after gap up yesterday. Would expect upside break inline with trend but difficult on a risk off day like today. Could be distributive consolidation but lower probability imo given daily and weekly trends.
Strong uptrend for weeks, supported by longer term trend also. Risk off sentiment coming to the fore and yields continuing to rise for the time being, EURUSD looking weak and is the majority component of the DXY index.
IWM weekly chart looking very weak. It has been in a distributive range for almost 18 months now, making lower highs and holding a buy wall. After such a long period of consolidation could believe there is significant follow through on this move in time. Doesn’t send a great signal for the economy, yes the market is not the economy but usually small caps struggle...
Very long term, momentum shifting along with interest rate differentials and BOJ ultra easy monetary policy being punished. Pain could continue for sometime for the yen especially if there is a resurgence of inflation in the US. Long term DXY chart remains bullish and dollar smile needs to be considered, current US economic relative strength but even if there is a...
