The change AUD/CAD has broken up with force a major long-term dynamic support. Follow the market carefully in the 1,0100/1,01500 area, because a short signal could provide optimal entry for sales.
After touching the $ 51.91 price per barrel, oil has seen liquidations of profits, returning again in 46.50 area. This price zone is very important, because it meets the dynamic support formed by the beginning of August. It will be crucial to see how prices react to this key level, especially with the release of data on oil stocks on Wednesday and the...
Gold attempts of restarts. After the breakout area of 1,300$ -1310$, this commodity tries to reconstruct a new start up. We provide these indications the price movements, indicating a weak reconstruction of long positions in the area 1,250$ -1,270$. The exponential moving averages converge in this area, providing a second but important signs of this...
Soybeans has been supported by a rising trendline(yellow) and has just broken out upwards of the consolidation area. We should see higher prices from here on...
The trend line is clearly indicating the it will go especially with everything that''s going on with the election. I would go long. There's a lot of money to be made either physical silver or stocks.
Copper Advance Call , possible Bullish Shark Pattern is developing, buy near 1.98 Tgt 2.098 & 2.168 Stop Loss 1.93
GOLD possible Bullish Bat Pattern, Short Till 1335, add more short below 1310 Tgt 1265 Stop Loss 1345
Looking Like a Very Large Descending triangle X-E with C-D currently being printed. D @ $77 per barrel.
If you follow my posts about oil market, you will be amazed how correctly I have predicted this market for a while now. Every move turned out exactly as I was showing you guys at earlier posts. Now it is time again to take a look at this market and try to see what is going to happen next. So I have been long this market since $30/barrel. I tried to buy every dip,...
Gold buy till 1320 target minimum 1345 Stop loss 1315
Silver has been in a correction since reaching $21.1/oz. The last attempt only could bring silver to $20.76/oz before again sliding to the support zone at $19.2/oz. In fact, silver has been in a range from 19.2 to 20.7 (yellow box as charted). However, the last attempt failed to made a new high and that is a first sign of bearishness. Plus price has broken down...
Gold has been trading within range market, a symmetric triangle pattern to be exact. Elliot Wave theory says a triangle is overlapping five waves affair that subdivides 3-3-3-3-3. The chart shows how I draw those five waves pattern in the triangle. Wave 'e' seemed to end with a shooting star candle, which shows rejection from the resistance area 1355-1360. Gold...
CrudeOil is giving a Short Setup!! Current correction would potentially be a Flat or Triangle type corrections as this could be a potentially intermediate 4th wave correction. Happy Trading!!
If you do not read part 1 yet, this is a link for the first part Also, if you have short position, you might wanna take partial or full profit. Check out this post also as I have shorted and already taken full profit yesterday. Here is the link So this is a predicted correction and oil will go much higher from the support area around $38-$42/barrel to...
Oil has had a nice break out candle today to the upside, breaking out of the downtrend line from $51.6 to $39.2/barrel. A 61.8% Fibonacci retrace and a downtrend line should act as a strong resistance but oil passed by quite easily. This shows that bullish momentum is very strong. Oil may accelerate fast to the recent high at $51.6/barrel. A retest of the trend...
Oil was in a correction from $51.6/barrel to $39.2/barrel before bouncing to $43.5/barrel. After reaching as high as $43.5/barrel, oil started to retreat to $41 level. However today oil has rebounded 5% to the upside, traded as high as $43.8/barrel. The move today confirmed the low at $39.2 as a short term low. Today move made an engulfing daily candle, which is a...
Gold has been in a range 1330-1360 for a couple of days. A triangle pattern can be drawn as chart. A break out of the triangle pattern will signal the next move for gold. Watch the support zone by the support trend line around 1330-1335. A break down of that support area will signal a big move down. Meanwhile, the resistance zone by the resistance trend line is...
After touching support at 1330, gold turned up $27 and traded as high as 1357 . However, sellers came in and pushed it back to the 1345 level. What's next ? It seems like gold is still in a correction phase with possibly one more leg down. You can see in the chart gold is trying to climb back to the red trend line and hold above there. The last wave up from 1330...