Wheat Technicals (May) May wheat futures broke lower yesterday, after struggling to maintian price action above trendline support in the previous two sessions. This has the Bear camp back in the driver’s seat as we officially enter the back half of the week. A close back above 550-555 would neutralize the recent bearish action. Bias:...
After yesterday’s sharp drop, crude oil prices extended their losses first thing this morning, before bouncing off their lows. Oil was already under pressure on fears about demand following the weaker Chinese industrial data that was released on Tuesday and the larger crude build in the US as was reported by API on Tuesday. But prices fell about 3% after official...
According to my chart analysis ,Gold GC xauusd show strong signal to sell .
My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2389.8 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2357.2 About Used Indicators: The pivot point itself is...
GOLD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GOLD Entry - 2382.5 Sl - 2408.1 Tp - 2331.9 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Oil prices have once again surged, reaching nearly $88.00 per barrel, despite a recent minor decline. This uptick in prices is occurring amidst a backdrop of geopolitical tensions and a strengthening US Dollar. However, amidst this volatility, it's essential to dissect the various factors influencing oil prices, from geopolitical unrest to economic forecasts and...
Hello,Friends! We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 2306.899 level. ✅LIKE AND COMMENT MY IDEAS✅
Natural Gas (NG1!) has been posting Higher Lows, three so far since the February 20 Low, despite the fact that it remains within a Channel Down since the October 27 2023 High. This might be a short-term trend change similar to the Channel Up that started on the April 14 2023 Low following a sharp and long-term selling sequence. Notice also the Higher Lows Bullish...
Hi Traders ! The USOIL Price Formed a Double TOP Pattern. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Neckline, We Will See a Huge Bearish Move 📉 TARGET: 81.35🎯
H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low. Price reacted at H4 supply and subsequently reacted at H4 demand. Price is currently between H4 supply and demand where we are seeing a battle between the bulls...
OANDA:EURUSD , CHARTS AND ANALYSIS - ECB edges further towards a June rate cut. - Will President Lagarde begin signaling further rate cuts? The ECB maintained its policy levers unchanged, as expected. However, they stated that if their assessment of inflation and monetary policy transmission improves, they may consider reducing current restrictions. This...
After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5. But this month I think oil may start to adjust around 87. It is expected to be in the...
bullion is turning to all-time highs again, however this time buyers are fleeing gold miners` shares in droves. Even gold exchange-traded funds, which use buyers` cash to collect bodily stockpiles of bullion, are contracting as gold costs rise, that's exactly the alternative of what many analysts expected. The disconnect ties right into a broader fashion...
World gold prices went down as the market increasingly lowered expectations that the US would cut interest rates. On the other hand, the need to safely hide capital in precious metals has also gradually decreased as the Iran-Israel conflict has calmed down. Any major stable addresses continue to support gold and any escalation would take prices up to $2,500 an...
Since the eruption of the war between Hamas and Israel in early October 2023, we have been occasionally reporting on some of the developments in the oil-rich region. In one of the more recent articles, we outlined how Israel’s deadly airstrike against Iranian generals in Damascus, Syria, was likely to provoke retaliation from Iran and its proxies. On Saturday,...
WTI has recently broken out from daily bearish trendline and i expect a bullish continuation in the next few days. It's going to complete a retest of the trendline and the level it's actually playing is also an important support zone. Target $94
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2376, which is an overlap resistance. Our take profit will be at 2359, an overlap support level. The stop loss will be placed at 2397, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not...
International gold prices surged this week due to central banks' gold demand, expected interest rate cuts by the FED and other central banks, and heightened geopolitical tensions in regions like the Middle East and Russia-Ukraine. Rising tensions in the Middle East, especially between Iran and Israel, have increased gold's safe haven status. Central banks,...