Commodities (Futures)

Commodities can be cash commodities, or actual materials, like gold, copper, pork or wheat. A futures contract is called a contract because it requires physical delivery at a specific date in the future, and the buyer has to accept unless the futures contract is sold before it’s due (expired).

Buyers and sellers of futures contracts agree with the sellers on a fixed price to purchase a commodity at the delivery date. As time goes on, the price of the futures contract fluctuates, due to different expectations of what the price should be. Futures charts are used to track these price changes and speculative traders can profit or lose on these movements.
XAUUSD, 240 Neutral
12 3077
GOLD UPDATE
I am still holding my short at 1366 for the
AB=CD Complete (see my previous idea)
CLOSED 2/3 and Balance Position with B.E SL.
I am watching this triangle and the CPL
(Critical Price Level) at the yellow zone
for Gold to make its direction.
If it break down 1307, I will consider to short the pull back
again for more decline.
If it breaks up the tri-angle
I will close all my short position and get ready to long.
This is my trading plan
USOIL, 240 Short
2 158
I KNOW it sounds crazy that the oil should go further down.
But:
- So did the most think when Oil prices went from 120 to 90, 90 to 50 and so on.
- The support and trendline couldn't make it
- Oil constantly makes lower highs
- The highs since the top is quite similar to the ones from the bull up to July 6th.

Can't help thinking that this is a reverse movement.

I usually don't use fundamental for my trading (like it or not - PM if you wanna discuss) - but several fracking companies in US have a breakeven at 30 dollars so it's not unrealistic at all.

Trade carefully :-)
XAUUSD, 60 Short
0 259
Major support - $1323 (trend line joining $1310.75 and $1314.75)

Major resistance - $1330.50 (200 HMA)

It is good to sell on rallies around $1323-$1324 with SL around 1330.50 for the TP of 1311
XAUUSD, 240 Neutral
2 151
Gold retraced back to the bottom of the rising channel and rebounded a little bit. Pay attention to whether it will break the rising channel or continue going up.

Good luck for everyone!
XAUUSD, 240 Long
0 99
enough for consolidation?
as my previous post for expecting bullish continuation for gold https://new.tradingview.com/chart/XAUUSD/9EqkFrGD-Deep-Crab/ and this one https://new.tradingview.com/chart/XAUUSD/6FrXtbzw-Butterfly/. and now, we will see what if the market capable to break below double H/L Monthly ib's (130749). =sorry for my English=
XAUUSD, D Neutral
1 89
Short since 1370$, i'm waiting that gold tests the 1270$ area, level where gold standed before brexit.
There's a nice 121 bullish setup and a confluence with 0.618 extension of the last bullish wave (BC on the chart)
XAUUSD, M Short
1 117
I think WE will have sharp decline in next 4 month before USA Election and if Clinton win the game GOLD Decline More.
Sl:1375
Tp:1050
XAUUSD, D Long
2 139
little more patience required.
CL1!, D Short
0 191
Using $42.50 as a support level, a bounce off that level would be considered bullish, but if prices fail to hold, a return to $37.50 seems probable. This implies a negative 200 day SMA cross, which suffice it to say, would be a return to the bearish int term trend. This, in concert with a low energy demand season approaching and several refiner outages expected in coming months, which would imply further inventory builds to already record levels.

https://www.tradingview.com/x/Jjmz4cTg/
XAUUSD, 60 Long
0 106
XAUUSD IN A 240 CORRECTIVE STRUCTURE AND ITS BREAKING FOR ONE MORE UP
WAIT FOR THE BREAKOUT THEN BUY!
IT WILL BE A NICE BUY SO FAR. I AM LOOKING FOR GOOD RR TRADE!
HOPE U GUYS WILL GET THIS ONE.
THANK YOU
KEEP FOLLOWING AND SUPPORT
XAGUSD, D Neutral
0 75
I see two potential pattern fighting each other.
its Inverted scallop vs potential handle to cup
who will win !?
you decide. !

Happy Trading
UKOIL, D Neutral
0 69


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Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading. My Analysis should not serve as any recommendation to buy or to sell. My analysis are just my ideas and opinion how market could develop.
XAUUSD, 240 Long
0 58
The price just rejected from the previous Key level and Demand zone,

Wait to buy break out, nice upside.
KC1!, W Short
0 18
Coffee at resistance.
CL1!, 60 Short
1 44
Lets see if oil can retest that support, could be now resistance. I think it fails and we go lower. IMO.