Possible long in this area, for a few, but price is showing extreme bearishness, so blue median has to hold.
COMEX:GC1! The gold market is saturated by six days, be wary not to lose short timing with higher profit
NYMEX:CL1! FX:USOIL Pay attention to the ocilator and to the indicator, short movement for now
H&S within a H&S. The design is based off symmetry. The purple channel is a potential upper resistance on the way down. The Golden Dashed Line is where the lower bounds of the Right Shoulder could potentially be based off reflection. Happy Trading!
COMEX:SI1! Be Aware! The next few weeks will be Bull and I'm optimistic about this, stochastic is growing, MACD lines crossing and the waves confirming that its time for long.
As we see some support is coming in from our longer term trend channel as well as the lower Bbands. So far the last three weeks have provided with the expected sideways action once reaching 50. Selling calls has been the right strategy so far (51, 52 and 53 calls). At this support I am covering my short calls, but will hold of selling any put spreads to see how...
I am updating my stance to bearish NQ1! 1st target 4444 area
As a former commodity trader, I do have love for the agricultural commodities. Coffee has been rising in price since late last year when local coffee prices in Brazil started rise. At the time futures prices were falling. This year reports out of South America sight a beetle, that is devouring coffee plants, it is most certain that Arabica will show a shortage....
(1D) COMEX:SI1! All signals point bull time. But pay attention at 16.590 (first resistence)
Medium term short next four months. Oil going to have a major correction we will have a great buying opportunity $25 dollars per barrel here we come. Remember one thing every oil exporter is trying to sell as much inventory as possible at these prices. Production is going up daily and China will wait for the dollar to appreciate before filling their reserves again.
5 and 10 DMA's lost in a rug pull fashion today as oil had a bull trap this morning to the $50 integer, followed by a rapid $1 dump in around 1-1.5 hours. MACD bear cross on daily, inverse hammer on daily, etc.
EURUSD - 30-Day Fed Fund futures prices
EURUSD vs. 30-Day Fed Fund futures prices
Price is starting to get a bit over extended in Crude. Wait and see if price can break 49 to the psych 50 level. I am sure there are a lot of buy orders at 50.
Price broke down, and is testing and holding near lower Median Line on Modified Schiff
ANOTHER CONFIRMATION TO MY PREVIOUS BIAS GOLD LAST WEEK DOUBLE TOP REJECTION FROM THE 38.2 FIB LEVEL INDICATES WEAKNESS WE HAD A TREND LINE BREAK LAST WEEK AND NOW SEEMS IT WILL MAKE FURTHER DOWNSIDE MOVES OFF THE PIVOT POINT FROM LAST WEEK TARGET 1220 AND BELOW