As slowly we go on I bring up more technics on my perspective. I had an email from a friend he required me to explain more about orbit and its functions. Well, to be honest drawing orbits beside trend lines is my personal secret and idea. What are orbits and how we can use them in our perspective in order to reduce risk: I believe that price are turning around...
Since Fed's inaction to raise interest rates and the publicatin of very poor NFP data carry and commodity currencies are absolute outperformers. The trend might continue is case of further negative US data publication...
USOIL is currently trading within a descending triangle formation which is a bearish indicator. In this case, it is ideal to trade the break to the downside, as opposed to a symmetrical triangle which has two implications. Key support of the triangle lies at $43.75 and in the case price breaks to the downside, price may likely push down further and targets lie at...
USOIL has found resistance at inner TL which has occur as USDATA was varied today. Causing drops in USDCAD. However USDCAD now posting NEW highs therefore Expecting oil to short to the structure level. Will hold to structure level then half position and hold for lower low. Thus will possibly half again and let remainder run as downside trend is continuing.
Corn has been diving over the last 3 years since it's peak in 2012. Beside small correction move in 2014, it was pretty much a nose dive that cut corn value in more than half. Since October 2014, Corn has been bouncing around the 22-23$ support zone, which is also the 127 extension for the first part of corn's decline (Aug 2012- Jan 2014). The second time...
This week I am covering the Australian Dollar and I've identified a possible correction in almost every major pairs. For those whom trade oil and other commodities could use these analysis. And I would appreciate any insight regarding.
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
Even overproduction of rice these days can´t stop the price to go upper and upper. This is 5 years low and I see it very interesting after price break up the resistance.
Simply Aluminum is in down trend and also LME raised some customs pricing this week this will trigger more short on this commodity. I'm sitting on short till chart shows me a reversal. Its good to take this risk.
There is currently alot of selling pressure right now due to Greece situation and the sell off in China. As a result, alot of commodities are selling off right now and Natural Gas is no exception. Even though price has been channeling the last couple of months, I'm using the fundamental climate as a catalyst for it come down to test the lows with a potential...
Ascending triangle forming on Crude Oil at the moment. target 1 61.00 if the ascending triangle is broken at 61.55 we could look at targets at 62.85 and 63.55. Good risk reward ratio for this trade
On 4hr tf - consolidation box - triangle formation, likely to break below Predicted movement shown by green arrows
For a better risk/reward, I would wait for confirmation above 149. Alternatively, longs at this point with tight stops would do the job as well.
I am currently short, the gold to 1180; Then will look for signs of reversal either at this level or when the price reaches the 1-4 line resistance; Watch the price action carefuly.
I still do not like longs on most of ags, unless you aim short term and get orthodox with your stops. Since my previous post about one month ago (see link below), SB11 is keeping its pace moving downstairs. At this point in time I see no signs of reversal, instead, my reading says we are about to “dive the five”. What comes after that remains to be seen. It is...