Price is rising while the O.I is dropping. Which means the recent rally was mostly short-covering/liquidation hunt. Take profit is around 4.82. If the price closes above 5.7 with an Open interest of 2M or higher, I'll close my position.
open interest is down ( people are closing positions) RSI is in a bearish divergence ( losing strength) and prise is forming and ascending wedge Options on eth are at 3300 for fridays weekly www.coinoptionstrack.com
CME_MINI:NQH2022 - PR High: 13615.50 - PR Low: 13558.00 Evening Stats (As of 12:25 AM) - Gap: = N/A - Session Open ATR: 462.92 - Volume: 24k - Open Int: 237k - Trend Grade: Neutral - From ATH: -19.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 14675 - Mid: 13500 - Short: 12390 Keep in mind this is not speculation or a prediction. Only...
The idea is the same as previous trades. We look for high volume with open interest divergence. ZEN has rallied with a decent volume, but O.I is not up to the mark. This suggests the recent rally was mostly short covering. If we manage to close above 42.8 I'd close my short/ if the O.I catches up. Take profit is at 0.6 retracement of the current range.
As the oil market continues to rise, there are clear intentions from a number of market analysts to short the Oil market. Keeping an eye on the current futures expiries for WTI Oil there are strong indications that buyers are easing off, while sellers are coming in strong. While Geopolitical issues could change and of course change the direction of the market,...
The GOLD trading instrument will most likely continue its decline from the 50%-61.8% Fibo range within wave (C). The downside targets are the huge accumulation of PUT options that CME professional participants use to hedge their futures contracts at the 1750, 1720 and 1700 levels. At the level of 1750, at the moment, there are hedgers (professional market...
It is likely that the trading instrument will decrease in wave (c) with initial targets in the area of accumulation of PUT option contracts, with which professional market participants hedge their BUY futures transactions, in the amount of $840M and $838M. Upon reaching these levels, it is very likely that a corrective growth will occur, followed by a...
NASDAQ:AMD $AMD - watching for a break over 136.34 or break under 130.77. Trading under its 50 MA, and its 12/26 EMA 12 EMA just crossed under 26 EMA Well above its 200 MA (macro uptrend) 1/7/22: BTO/STO option trades on premiums >100k = bullish. Volume on the 130p and 140c. Lots of OI on the 150c\1 35p - watch for changes in these Local support at...
That played out way worse than i expected. I’m expecting another touch around 43/45k in the coming weeks. I’m starting to buy back in in the meantime.
Nifty saw an extremely choppy Thursday monthly expiry with a healthy buying at all dips, helping it closed highest ever Nifty & Banknifty trend appears bullish because they are both moving within a bullish channel. Nifty has held on to 15,350+ levels today which is a bullish sign. Banknifty has sustained 35,000 levels, too. VIX ended -4.6% and IT stocks continued...
Last analysis before the Saturday close it was our anticipation that Bitcoin would trade higher to make an Elliott Wave: d. However upon further analysis we see that Bitcoin had already completed the W:d on May 20th at about 9:00 EST on the 4 Hour Chart. Bitcoin is proving itself to be a very rapid moving financial asset and a more careful analysis approach should...
Contract - CME_MINI:NQM2021 - PR High: 13952.00 - PR Low: 13925.50 Evening Stats - Gap: = N/A - Session Open ATR: 208.13 - Volume: 25k - Open Int: 222k - Trend Grade: Bullish - From ATH: -1.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14104 - Mid: 12530 - Short: 12598 Keep in mind this is not speculation or a prediction. Only a...
Contract - CME_MINI:NQM2021 - PR High: 13969.25 - PR Low: 13953.25 Evening Stats - Gap: = N/A - Session Open ATR: 209.82 - Volume: 13k - Open Int: 216k - Trend Grade: Bullish - From ATH: -1% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 14104 - Mid: 12530 - Short: 12598 Keep in mind this is not speculation or a prediction. Only a...
1. BOUNCED OFF A PREVIOUS LEVEL OF SUPPORT 2. TRADING AT THE NEAR TERM VOL SHELF EXTENSION 3. 9 EMA GETTING READY FOR UPSIDE CROSS OF 21 EMA 4. MACD BULLISH CROSS OCCURED 5. LOST ALL BEARISH MOMO ON TTM 6. RSI STABLE, POINTING STRAIGHT UP 7. RETURNING TO THE MEAN OF THE OVERALL TREND 8. POSSIBLE ELLIOT WAVE 3 STARTING HERE 19.51 (ABOVE PIVOT) AGGRESSIVE...
"Below 5 years average" in storage means really nothing to me. It has been much lowerin the same past 5 years. and price? See by yourself my 5 live public views available as a free TV account: www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com
Here I compare Preliminry Open Interests as published by cmegroup and volumes WTI OI 2,426,394 -52,829 NG OI 1,216,258 +9,119
When around each year's contract's OI reach its max (max $ inflow) May in bold vetical line. I don't like to annoy my followers, just keep a look at my 5 public views, the ones I use most ignore automatically pasted old titles www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com
Sentiment Is Suddenly Very Bearish on Equities, SPX, NDX, RUT It's been a volatile few weeks of trading as the S&P 500 pulled back a bit (and the Nasdaq pulled back a bit more). Bearish sentiment has grown as the price dipped. The $CPCE equity put/call ratio rose sharply this week to levels last seen in March 2020, near the beginning of the pandemic. The...