ellevationtrading

ellevationtrading Updated 

Awful technical close on WTI this evening. Now we target $64.30 with potential to test $60.00 on an over-extension.

ellevationtrading

BATUSD has long been on my radar, but its failure to breach long term descending trend line resistance has always stopped me from doing anything other than buying on support between $0.1300/0.1600 and playing the range. After the news that coinbase Pro is adding support for the token we have now taken out that bogey level and the story for me is changing for...

ellevationtrading

Following up on my previous option play on gold, the market has found some resistance at $1240. We have seen several small retracements, however they have all been met with dip buying and once again we are knocking on the door of $1240. Its seems that the pressure is building and I would suggest entering long positions on a breach of that figure with a view to...

ellevationtrading

So we have seen gold break out of this narrowing pennant range and attract some flight to quality buying as equities cave in. Although the technical outlook continues to improve (even more so when $1240 is cleared) there is always a danger of running headfirst into a market that has seen a parabolic extension in such a short time frame. For people buying futures...