Hey trader, I hope you're having a profitable week ;) The price is currently running in the bearish H&S L2 as well as below the 50 and bearish crossed short-term MA's. Usually when the price is in a patterns L2, it drops (or rallies) for the L3 after closing with a reversal candle pattern or breaking and retesting the levels support/resistant. But for that to...
Remain neutral/bearish on gold & silver until the US10Y, DXY, & Fed Funds Rates tops. This is the first time since the de-pegging of USD/Gold (in 1975) that interest rates & the USD have been rising. This creates an extremely tough environment for gold & silver to significantly rally being under pressure from high dollar & rising interest rates. Despite...
Commodities are currently repricing lower due to the looming global slowdown. Meaning, there is more potential downside for commodities However, There are more significant tailwinds that will push commodity prices higher in the longer term. DBA ETF broke out of yearly downtrend in 2020 indicating that higher food prices are in the global outlook for the...
After two sets of recent failures (Gold daily chart, right panel), and a lower high to boot... We are looking for a lower low, currently projected to be about 1550. Gold is not going to regain its shine for a while. At the earliest, if possible, end of 2022. Short, Sharp, Simple... as clear as the lustre is lost, Gold down.
Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bearish bounces off the 4H Half a Bat Neckline, 50 and short-term MA’s with a bullish reversal candle close (1st trade signal), then proceeds to bullish break and retest the (Possible) 4H H&S Neckline (2nd trade signal);...
Deutsche Bank reported that in a particularly critical phase is the supply-demand dynamics regarding natural gas towards the winter season, which the behavior of households will be decisive in the coming months, as their consumption represents a large percentage of total consumption. A supply failure is likely to be avoided at least as the scenarios confirm that a...
wheat Completion of wave y of the compound binary wave, and completion of wave b at prices 945 We expect wheat to decline in the coming period after ending the correction pattern as we explained, and we expect a decline as prices are less than the decisive point 945, which is the crucial point. Important, a point for the next period and the beginning of the wave retreat
WTI amazing as always. Price, after the breakout of the pattern, started a new uptrend.
You missed out on the Gold bottom & didn't get into buys? Here's your chance to get in on the retracement. I am targeting 1684 on Gold. This here is a HEDGE trade against our buys. A counter trend trade like this is always risky, so use strict risk management & enjoy📈 Drop a follow for more free analysis!
WTI perfectly respected our analysis. Price after the breakout and the retest continued the uptrend.
Oil is currently trading at its Big SR Level and i expect a bounce from this zone.
soybean We expect a decline in the soybean commodity in the coming period because trading is below the critical point of 1509. Currently, the continuation of the decline in wave ((iii)), which may reach prices 1373 or 1302 before rising again.
WTI just amazing. Breakout of the pattern and a new trend started.
corn We expect a drop in corn grains in the coming period and the end of the rise in wave ((C)) of wave II and the beginning of the decline in wave III targeting. prices of 585 and the decline depend on the decisive point 699
DB. commodity index We expect the index to continue declining because prices are below the 27.05 resistance point, and wave (2) has already ended and started falling in waves (3). We expect prices to drop to 1.618% at 22.18, but currently, we expect the correction to continue to 61% at 26.06 to end wave 2 before descending again.
Taking a look at the 4H timeframe chart, we can witness the beauty of price action. Accumulation+Distribution phases, a massive descending channel and many other details. Mr. Wyckoff was not the only person enjoying this incredible art. Any individual that is a fan of naked trading and of monitoring the price decline/grow gradually, will spot...
WTI perfectly started a downtrend after the breakout of the pattern and the retest on the supply zone.
it proves the dollar still bullish maybe we need to wait for the 2 November 2022 FOMC 75 bps rate hike...