NYSE:PCG   Pacific Gas & Electric Co.
6.24.20 I think there may be reversals in bitcoin and oil. Gold broke higher to a resistance level, and so far so over is not breaking higher, and for some traders the silver may be a 135 reversal pattern. Some of the brokerage firms/ clearing firms are making it difficult to trade oil. If there's an interest in trading future contracts, I think the currencies are a good place to look. There are also agricultural futures, but I have not treated those for many years, and just don't have any recommendations to make about that. There may be advisories that help you with that, but some of these contracts, including gold can be affected by time of the year, and it is well known that agricultural contracts are affected by the time OF YEAR... so you need to know something about which contract to trade, in which contracts to avoid on those markets... which means you don't necessarily choose the next contract with the current contract expires... SO BEWARE. There's a very famous trader, I believe his last name is Schwartz who said that it's much easier trading futures agricultural and other contracts and then trading index contracts. , if you're young enough, AND YOU'RE MOTIVATED, this might be something to look into. I started talking about PCG... and ran out the clock before I finished. Since is no urgency to PCG other than there may be a long trade to retest the top of the lower box, there is time to talk about whether or not there will be a much larger move to new highs, which doesn't need to be determined at this time. A week or two ago I talked about oversold markets and reversal patterns in the DXY and the USDCAD... which had moved higher, and then corrected, and may be forming ABCD patterns moving higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.