High-Beta – AUD, CAD and NZD benefited from rising commodity prices on Tuesday, as markets set aside concerns about the spread of the Delta coronavirus variant. The notable outperformer in the commodities complex was oil prices, with WTI approaching $68 per barrel, up almost $2.50/+3% on the day. Indeed, following today’s strong performance in WTI, TD Securities...
In this educational post, I'll be explaining the reason why both investors and traders need to understand the commodities market. The commodities market is a market in which raw, hard, and soft commodities are traded. Examples of commodity assets include gold, oil, wheat, grain, copper, and even livestock. While these aren't commonly traded markets among retail...
Oil price is suffering on the back of OPEC and allies (OPEC+) deal to boost oil supplies. Expectations of growing supplies after OPEC news and depressed demand amid rise in coronavirus cases is denting prices. Oil case study using Market structure and Wyckoff method.
Hello. Here is a quick 4-min video which mentions 3 indicators I have been using for many years. - A modified ADX - A short-term momentum indicator (it is not the Momentum Indicator... instead, it gives us the current momentum) - A mid-term momentum indicator This methodology includes other indicators but this video features those 3 indicators. Thanks. F. Normandeau
This simple idea is an intro to @TradingView & @PineCoders Nothing fancy or complex, if you are already coding - you can skip this. simple MA build walk through & adding a second MA. If you want to get into coding, then here's the basic introduction. FYI - I am not a coder, 21 years trading experience and know a bit about the instruments - but new to actual...
Trend lines are used in technical analysis to define an uptrend or downtrend. Traditionally, uptrend lines are made by drawing a straight line through a series of ascending higher troughs (lows). ... With downtrends, trend lines are formed by drawing a straight line through a series of descending lower highs. In an uptrend, the “imaginary line” acts as support...
A lot of people are bullish in Oil just like a lot of people were bearish when Oil was over $140 and Bearish when Oil was down a year ago. You have to look at your chart and trade when you are confident. I was confident in Late march and in November. Right now, I prefer to stay aside and wait for the fog to clear. IF it is bullish, there will be plenty of chance...
Spreads are complex instruments. This is just an introduction and some ideas to get our brains ticking over. I had started writing a guide to understanding these three types of spreads, but it just got a little long. It might be easier to do it this way: What do you see above? Here are some observations to get started: 1 All spreads topped out well before June...
This is why I prefer to open many small positions - you never know which one will be successful! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as...
Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next. A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried...
Market crash usually have a devastating effects on prices in commodities and energy market. As you see in the charts, we see how .com bubble, housing bubble, burst and COVID-19 pandemic affected oil price in the past. What we see started since early February 2021 in the market has not the defined criteria of a market crash, and seems to be a correction. Although...
10.4.20 I am generally satisfied with the video, but I wasn't clear at the end because I was worried about upload failures for the video. Please read this for a minute so the end of the video will be more clear: oil has traded lower to a support area, but it closed near the low of the daily bar. There will be some traders who think in terms of...
Last night video idea ended up being a HUGE success. Oil did drop up to 6% at some point and closed the day at a 4% minus! Take a look at yesterday's video and notice how the price of Oil did drop indeed and how it rebounded and stopped at our previous support which now became a resistance. Technical analysis for a seminar!
NOT ADVICE. DYOR.
Like the last QTR of 2017 Btcoin to be pumped by NI225 MTH ATH's, SPX, TNX, & WTI NOT ADVICE DYOR
Astronomical returns possible: Bitcoin set to smash ATH in the next 8 to 12 WKS thanks to "Big Oil" signal after SPX setting ATH's >> WK 16 DEC 19 63% 8 WKS >> WK 25 SEPT 18 437% 11 WKS >> WK 28 JAN 13 1383% 10 WKS. The only time signal did not work was when bitcoin MACD histogram was in red. CAVEAT: WTI Crude Oil Weekly MACD line (source HIGH) has not yet closed...