After a brief pause on Thursday, oil prices resumed the ascent and rose 1% today. The bulls are cheering the easing fears about prolonged oversupply after the POEC report showed the cartel production fell sharply in December. This fact suggests that producers could take strong efforts within a new deal amid the prospects for lower oil demand against the backdrop ...
After 3 full weeks of consolidation I can see the shift in momentum right now what am I looking at? an ascending channel with multiple rejection on the zone of interest looking to see gold fall from the sky
Undoubtbly corn futures and soy have suffered in recent times,
However through FUNDAMENTALS, and ongoing trade neogiations, I am looking for a long term view that prices will rise.
This is a market where we still may see a decline in price to possible 8.500 region, however OANDA:SOYBNUSDthe long term outlook is very much to the upside.
This is medium risk ...
Gold prices climbed to fresh six-month highs a week ago as the rally was capped by the psychological barrier at $1,300. The precious metal failed to regain the sustainable traction since then and goes through a consolidation mode in anticipation of fresh drivers. On Friday, the prices resumed the upside move, challenging the $1,295 handle.
In the weekly and ...
I am expecting price to reach 50 again as per my forecast, today it was quite close but it fell short. I am expecting next week to stay Bullish so the price can fill my target at 50.
Looks like WTI (CrudeOil) has reached a bottom and considering seasonality we may see a nice uptrend taking something back from the 2018 brutal selloff.
XAUUSD (GOLD) SHORT - Coming up to a daily trend-line (5th wave) aswell as a 4hr trend-line. There is also resistance around the psychological level - 1270.00. If there is a break of this resistance/trend-line i will be looking for buy opportunities
Adding up the fundamentals.. The EU isn't going to hold up come Brexit Deadline. This pair should perform splendidly. Expecting new ATH in the long term.
My plan is to sell extensions and buy pull backs.
Looking at the gold today weekend, it has been in a range for some time now and we've seen that in side the range has appeared another resistance zone. I am looking to short this and take profit down towards the next support zone.
Price seems to created a tweezer top on the daily and price has driven down from that resistance zone in lower timeframes such as the ...
1. The bullish run for WTI faced a critical resistance at $53 a barrel
2. We can expect a potential retest of $50 range if the the price breaks below the 51.50 which is acting as resistance
3. Main target for the bears could be the $50 or $49 range but there is also the 200EMA at $50 which is supporting a downward trend
*** A failure to break below $50 it can ...
simplicity is key! very simple setup on GOLD, we are overextended and since having touched the daily resistance we have formed a pennant. We are looking to break to the downside & have confirmation with a 4hr close outside the pennant. Initial targets are set at the 23.6 retracement level followed by the 1260 level.