We took an intraday play this AM under 13900....just for an expected run to around 14100-14150. Wasn't sure how the movement would play out...but overall it was a "Fire and Forget" kind of day. A perfect Monday IMO. Looks like she's going to complete an AB=CD....Im setting the final PT around 075-100 for the intraday run. Stops set at 13975 and trailing from...
I have a solution. Use the moving average 50 period low.
Check the 4h chart on US30.
Insert a 50 period moving average low.
Insert support and resistance lines.
You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...
Pure technical Play that I just entered last hour.
Price has breached n tested multiple areas of resistance and finally to come down with the down side sell pressure is now accelerating in which Im basing my play off of.
Expected price target is 1.9500
This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken.
Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
Commodities are selling off right due to whole Greece Situation and the sell off China.
This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart.
Expected target is around 615.00 along with the corresponding CS levels with it
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...
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists.
For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes).
Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place.
As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting...
The monthly chart is clearly showing an uptrend that has reversed from years of decline. The weekly is showing this in much clearer detail.
As of now price sits at the resistance area from the rally from the start of the year. Should price consolidate from here and then push higher breaking the thing yellow box, I am expecting a price target of around 2.1300. On...
Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year.
That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
Despite the ongoing turmoil going on in Greece as we speak. I am expecting this sell off to continue going ahead in to this week. I'm abit late in to posting this despite already having a position in but there is still further downside pressure to be realized.
Am aware alot of people are still biased on this pair to the long side but clearly that upwards trend...
Usually there is 161% retracement (261% to the deepest point) of the length from the point where bears stopped taking profit (128.658 in this case) to the bottom of the formation; this occurs in two phases, first bears get anxious and want to pull out, happens the first pull back, then others see the opportunity to join the bear, rapidly falls the price, and those...
Seeing a great idea from our dear mod Technician, i decided to check this a bit more and see if there is any tight correlation. Going backwards i actually does show some correlation in 2011 and 2007. Whenever XLY/XLP changed a trend and/or showed divergence to the price action, the stock index would go down as well. The ration was good to be used to see the top...
