So as said in my last view on Oil (WTI) i hit in perfect with the 80~ level. And so far the last couple of days we have gotten data and such, which made the oil stay in the 80-81 level. Thats fine, we have massive support/resistance here. But i have a feeling that we will go higher and go for the 90~ level. this could happen throughout August (start of...
The soybean futures continues performing as anticipated. Wave B in place and the wave C in progress.
ICE NEW YORK SUGAR FUTURES continues performing as anticipated. 5 impulsive waves with the 5th one in progress. The 5th wave will perform in 5 sub-waves.
Wheat is a commodity and seasons affect the wheat price. in August wheat usually drops to the lower prices. Now, due to the supply problems and by looking at the chart , if it is below 650$ you can buy and keep it until 685$.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting the 2080 resistance, GOLD has been overall bearish trading inside the falling channel in red and it is currently retesting the upper bound / trendline. Moreover, the zone 1980 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look...
Short term trade entry (ZS Soybean) with risk/reward of 2.03.
US inflation data in July 2023 provided mixed signals. While Consumer Price Index (CPI) is moving in the right direction, producer price inflation suggest pipeline pressures are picking up. Core CPI, which excludes often-volatile food and energy costs, rose only 0.2% for a second month in a row . However, US producer prices picked up in July, owing to increases in...
hello guys... as you can see, xauusd is in the descending channel and break out the middle line of the channel and head and shoulders pattern at the same time! so it is so possible that this one continues a downward movement from here or after a correction. it shouldn't go upper than the gray area, if this happens then this analysis becomes...
hello guys... this commodity made a sharp movement and will make a three-drive pattern. target 1: 1889 target 2: 1885 target 3: 1881 _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Pictured is gold from a Daily timeframe perspective How price is reacting at the bottom of the Weekly range is rather Reversal like and also paying attention to where price is on the DXY - the probability lies in a correction inbound - wether it correct to the mid zone and then continue lower, or if price brakes through we can see price make its way up to 1980...
SOYBEAN FUTURES - MONTHLY SUPPLY AND DEMAND ANALYSIS Soybean sold at Monthly Supply Zone -> Destiny: Monthly Demand Zone I suggest make the following probable trades: - Sell Soybean until reach Monthly Demand zone - Buy Soybean from Monthly Demand Zone until Monthly Supply Zone
Big move down today! But! i still believe we have a potential huge upside. We could go a little lower to a support level around 2.5~ but we should go up over the coming week(s). I expect a target price around 2.7~ and after that, another move upwards towards 3~. lets see what happens! Good luck!
So as said in my last view on Oil (WTI) i hit in perfect with the 80~ level. And so far the last couple of days we have gotten data and such, which made the oil stay in the 80-81 level. Thats fine, we have massive support/resistance here. But i have a feeling that we will go higher and go for the 90~ level. this could happen throught August (start of...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups. 🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline. 📈 For the bulls to take over and start the bullish...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GOLD has been overall bearish trading inside the falling broadening wedge in red, and it is currently approaching the lower trendline. Moreover, the 1935 level is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the...
Baed on the supply worries and the potential boost from chinese economy, there could be a move upwards, short pullback and then a move for the (needed) 80-level.
Possible upwards move in Natural Gas as of tomorrow - when we get news about the gas storage. Possible catalysts: How weather both in Europe and in USA. Good luck!
Commodities are waking up from the support with the help of China stocks and there's room for more upside. Bloomberg commodity index with ticker AW made a nice three-wave (A)-(B)-(C) correction with the wedge pattern into wave (C). Unless it has alternatively unfolded a leading diagonal from the highs. Anyway, in both cases we can expect a recovery, at least for...