finally, dxy and oil decided to give some room for ag commodities. my expectation for a c wave may be under way. for those trading short term, a buy at today’s high could yield some profits on the way up. if you like gaps, one more reason to start drawing your strategy. for now, I am keeping my long.
LONG or SHORT see the chart 60% Short 40 % Long Long if 2520 SL 2459 Short if 2478 SL 2520 edit-- LONG 2520
Go long and enjoy this pull back rally $$$$$$$
CORN (Futures): Although vulnerable in the medium term, its price hesitation on Thursday and Friday (see daily chart) is suggestive of a corrective recovery. Strategy: Buy at 3.700, Stop loss at 3.625, Price target at 3.810
Go Long and Enjoy Profits of Pull back Rally $$$$$$$$$$$$$$$$
Here is my contribution to the nice ichimoku analysis done by Kumowizard and posted at www.tradingview.com The wave count on the weekly chart reinforces the idea that bears will keep control on the mid/long-term. At this point in time it is pretty safe to assume that intermediate-3 is consolidated retracing the full 2.618 ratio and suggesting this would be an...
The awesome oscillator shows the downward trend is over by divergence between the 3 and 5. The next move appears to be the a-b-c correction that would form a wave A. Fibo ratios are in place suggesting the next possible targets. Weekly chart turning bullish with MACD divergence. I know the big drop today is somehow scaring (good volume tho), so to be on the...
Soybean has been a tough market for those traders seeking volatility as it has been on a “wait-and-see” mode for a couple of month now. I do not expect any major movement on the short/mid run; however, I do see a possibility to “widen” the current trading range. The wave counting above suggests that a B wave would be completed (or nearly completed) and a possible...
Hi guys. Really upset that I lost this gold trade, but I trade the other markets such as short EURUSD and long GER30 and USDJPY. Anyway, nice break on that channel.
Finally, your cup of Joe may start getting cheaper (in 6 more months), commodity prices set the current contracts which usually don't arrive for 3 to 6 months. Maybe time to start locking in for 2015
Hi Traders, The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend. The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that...
CHANNEL SUPPORT, Lower Risk To Reward Trade. Regards, SP CapitalTA
Is the endgame going to be hyperinflation or deflation? Hyperinflationists took gold to new highs with the onset of super easy money starting with 2003 and broke all time records just shy of 2000 with QE1 and QE2. Despite the speed with which M1 is being created in US, China, Japan, EU and UK (through various QE), monetary velocity is still decreasing in the...
Copper (11.9.2014) traded as per our last report & after finishing the levels , fall back very quickly. Now copper is trading around $3.0693 & as we can see on charts, its reaching to the lower tradeline current descending channel. However the momentum is very strong & it may break the channel , still few more indicators providing best opportunity for a shot...
From my earlier published chart of CADCHF was suggesting commodity currencies are exhibiting weakness. NZDJPY could be another example and an excellent configuration for hunting a short trade which as potential to drop back to 70 zone in due course if not lower. Also that this is a weekly chart so it getting a good entry and suitable position size would be very...
Crude Oil is still on its way to go down to 100.40 -101.00 .If that touches and bounces off there we could see the price to move to $108.00 or even higher within couple of months or even sooner. Every single run up within the ascending triangle has it's own retracement bounce off lvl. The 1st big rally started in the beginning of the January 2014 and ended...
Sort of Symmetrical Triangle formation but more Ascending Triangle rather than Symmetrical can be seen on Crude Oil Daily chart. Anyway, I really like price movements within any kind of triangles until it gets really tight and hot, and when it gets broken it's another opportunity where we want to be placing our orders, right? My prediction is a short term...