Recession is coming? can we expect another horrible fall? or a temporary situation would be passing?! ✔
Crude Oil looks like it has hit the key resistance for the day (Bottom of the ascending parallel channel). I'm expecting a pull back to around 93-93.5 and then a possible leg higher. May take another long around the golden pocket.
Crude is like a wood deck that needs a stain job right now. So far we have one coat of stain, but it needs to dry so we can apply the second coat. In this analogy, the price of Crude is the deck, the first coat of stain is the big drop we had today, the drying stage is a relief rally into $85.75, and the second coat is another smaller drop to the Golden Pocket...
XAUUSD D1 This is a little way away don't get me wrong, but keen to follow this if the dollar continues to perform the way it has been and the way we expect it to going forward. A simple break of support and retest of the underside is when we are looking to get involved here.
Next week on the 5th of Sept. OPEC+ will have a meeting to talk all things oil. I am thinking they will pull back on production due to the massive decline in oil prices this week. (11.5% on Nov. Crude). With lower production, brings lower supply, lower supply brings higher demand! That being sad, I am looking to get long today or next week. On the chart I am...
I can belive this Is uranium ready for 549$ dollars? Unbelievable This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual. The author of the analysis...
An update from the last video explaining what the current chart prices of USOIL are saying and showing us. PRICE IS APPROACH KEY MONTHLY AND WEEKLY SUPPORT RANGE.. PREPARE FOR YOURSELF WITH TWO OUTCOMES of the scenario as explained in the video below.
USDWTI H4 Bearish trend on this setup has really started to take off, good end to the week, but the start of the week has really picked up where we had left off. Ideally want to see a close below $87/b today or tomorrow, this would really turn the tables on the LTF and help us seek the next lower low leg. With short term targets of $84/b.
USDWTI D1 Pretty much everything we are scouting out is on this higher timeframe, really trying to understand market bias and direction (USD bull continuations expected) before diving into the LTF entries (H4/H1). Nice area of D1 supply and S/R here on WTI. Targets of $85/b with a little over $2/b stops gives us over 4R potential.
USDWTI H4 Another bearish wave incoming as we have just seen a little spike in the USD taking us above 107.00. Little bit of support incoming at $96.50/b. But near term targets still sit at lows of $90/b.
$XOM seems to be creating head and shoulders pattern. Imo the move for energies has been done, at least for a while. The previous support now acts like a resistance, and it failed to hold above 91.20 yesterday. I would be careful as it might be a change of trend and also could be wave 3 out of 5 on the way down. Still LT trend is bullish. We shall see if the 100MA...
50 MA which acted as a previous strong support might now become a resistance. I'd be careful with energy stocks in the near term.
Gold H1 Lower timeframe here than usual, but looking at the hourly trend on gold here. We have this morning just set a fresh high and close on the hourly after resistance that 1855 price for a little while. Higher timeframe (H4) is targeting that $1900/oz as mentioned in the DXY analysis above. Trying to marry up H4 and H1 trends simultaneously.
CRUDE OIL – Futures: Buying Within The Range Of Pin Bar Signal Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed late last week (We suggested trading this signal in the May 20th, daily newsletter). Price moved higher from the recent Bullish Pin Bar Signal that had formed over a week ago (We did not consider trading this...
Brent experienced bearish movement and hit the target from my previous analysis. The price has bounced off the trendline support and is now gathering bullish momentum to resume the rise. Break below the support will invalidate the buy.
USDWTI H4 Still in that lower low lower high sequence as highlighted in the above rundown. The first trading zone offered just 1R, enough to bullet-proof and eliminate risk. Price pushed beyond resistance and we are now back on that 71.50/b. If we see rejections from here, we could trade back down towards sub 70/b and respectively 65.
Keep close eye on this also...Either side breakout will give good Target points.
USDWTI H4 We didn't quite pullback to our $80/B price, but looks like we may be seeing reversals now at current S/R which is marginally below $80/b. Certainly a measurable trade down to $75.50 initially, offering circa 5R. Hopefully we can see a similar move to what we have seen on cable. A nice heavy drop to make positions risk free and bank profit early doors.