Prologis has a strong seasonal pattern starting on the 8th of March. The price movement is currently forming a bullish flag after the 38.2 % retracement level has been hit. Looks healthy - looks IMO bullish. I see the chances of hitting the yearly high as damn high in the next weeks and months.
For taking a speculative long position you can assume that this triangle got broken to the top. At least we've reasched already the 50 % retracement mark of the last upward swing.
Technicals We're now at the 38.2 % Fib retracement, which would be an excellent correction in a bullish trend. We have been in the big picture for over ten years in a bullish trend. So the underlying trend may continue. Concerning the last 15 years, we have a robust bullish seasonality in Domino's Pizza. From the 24th of Feb until the 12th of May, only one...
Technicals The 50 % retracement of the correction from the bullish movement from the high last April was reached. It's a healthy correction so far. We're above the EMA 17 and SMA 30 and 50 on a daily basis. An inverse shoulder-head-shoulder-formation has been built and already broken. As we have cut through the SMA 200 (red) without any major...
The bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout. The next target zone will be around 250-255 USX.
The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below. According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying...
Double-bottom -> break-out -> break of the descending trendline -> now a re-test of the trendline and MA's -> I think we will be soon ready for a bullish move!
The lack of significant volume makes it difficult in DFI to apply proper technical analysis. But so far, it looks like it could make another pump soon if resolving this triangle to the upside.
The season has begun - seems like corn has bottomed, broken the downward correction, and is now beginning to overcome the different MAs. According to the seasonality, we should see the high in corn around June-July next year. I expect therefore at least the reaching of the former high at 3.15 EUR. But you should of course take a deeper look at the underlying...
From the first low at the beginning of October until now, it seems like silver has formed a double-bottom chart formation. Furthermore, since the beginning of December, the chart pattern looks like an inverse shoulder-head-shoulder-formation. So we have two signs of going long in this chart. At least until ~22.50 USD, and then we might need to re-evaluate the situation.
Keep things simple! On this line chart, you can see that PDN has already formed a beautiful bullish wedge pattern, which we could break now around 0.50 AUD - then up it goes!
Yes, it seems like the bulls are getting ready to attack! IF the silver price overcomes the 23.6 % Fib level and 50's MA with a sustained close around 23.30 USD, it would be time to fasten your seat belts. IF XAG/USD doesn't overpower this critical resistance area and is making a move to the south, I would take another short trade into consideration. But this...
From a purely technical standpoint - this chart pattern is bullish. If you ignore the ugly spike on November 11th, this is a nice symmetric triangle which, as it occurs in a bullish trend, is more likely to get resolved to the upside. Of course, it all depends on what BTC is doing, but the likelyhood that the trend will continue in the 1st half of next week is a...
K eep I t S imple S tupid - also in Bitcoin. I've drawn a triangle over the chart in D1 and a bigger triangle in W1. Using only the daily resp. weekly closing prices. And this triangle looks valid to me. I've seen people drawing wedges or flags in the charts but the triangle is a more reliable chart pattern. So it may take a few days in the daily chart or 1-2...
Just a technical signal: WTI Crude Oil has resolved the bullish flag pattern and is heading now North (or North-East ;) ). In the mid-and long-term, I've got my doubts that we will reach the ATH in Crude Oil because of the bad fundamentals for oil but until 76.50-77.00 USD there is enough space for now...
Corn could go another level lower to the 61.8 % Fib level at 467 USX. I expect there a reversal of the trend because of seasonality.
Despite all the fundamental things - my technical look on silver keeps still being bearish. IF the XAG/USD manages it to make daily close above 24.82 USD and overcomes the 50's SMA, the 38.2 % Fibonacci retracement, and the channel I would see more upside and this could be the end of the bearish case in silver. Otherwise, it's IMO more likely that silver will...
It seems like a bearish flag pattern, which is building up in the Corn futures. So this could result in another short-term bearish impulse. According to the seasonality charts we have at the end of Sep/Oct (depends on which charts you take into consideration) a seasonal low. According to the CME, it's not expected before Nov/Dec (New Crop months). My personal...