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.
NGAS, 60 Short
12 1347

Channel Broken
Retest 0.618

SL above 2.95

Aim 2.80 and lower
CL1!, 60 Long
19 1372
If supported after retracement, go long
XAUUSD, 240 Long
7 1959
1.302-1.340 TRADING RANGE

CL1!, D Short
2 544
Global news can say whatever you want . It is not physical oil-2.80% . This are futures . and future's price is constituted by those who trade these futures - banks. There are 3 major traders in the market of oil-2.80% - JPMorgan , Goldman Sachs, Citi, in their turn they are getting money from the Federal Reserve System . And the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger. That why in the first quarter of 2017 the oil-2.80% price will be 12
XAUUSD, 240 Long
8 323
Move gold to 1330

Entry: 1308 SL 1298 TP 1328
XAUUSD, D Neutral
79 7743
Nomen est Omen.
FED's Fischer is building a fish pot for the fishing bears in the gold's bull market.
Actually he doesn't know he's building that : the whole story is about the dollar and FED's credibility.

Let's see Friday's happenings.
“In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal-funds rate has strengthened in recent months,” said Yellen.
A bit hawkish but in total it's the same FED movie : Escape to the future. They've run out of time. 2 months to the elections. 2 FED meetings before the elections:
September 20-21 and November 1-2 . I think it's crystal clear for everyone if they don't hike in September they will not hike a week before the elections. Actually they don't want to hike before the elections. They simply cannot predict the effect of a rate hike on the stocks market ... If they hike and we have a collapse in the market the Democrats and Cilnton will lose. They will not risk it.
But what can the FED do in this case? If they don't do the 2nd rate hike in this year they will lose all their credibility.
If they do it in September they could lose their job as Trump wins.

So they did what I would do in this case. As I'm running several businesses I use the
"Good cop - bad cop" story many times to cover myself in a losing situation.
Yellen was the good cop, saving FED's credibility : she didn' t say there will be a rate hike for 100% she said the case for the increase strengthened. She cannot say they will increase because they won't. She cannot say they will not increase because she is the face of FED and FED would lose all credibility. So the nasty work was done by Fischer 30 minutes later on Friday:
Fed Vice Chairman Stanley Fischer was more explicit, saying Yellen’s comments were consistent with possibly two rate increases this year—including a move as early as next month. Yellen and Fischer both stressed that any policy decision will be dependent on economic data.

So the only thing they had to do to check how is the labor data 4 days before the end of month. I'm sure they have the numbers till 27th August.
And they saw the number is weak .
Thank god now they can blame the postpone of the rate hike on "bad economic data".
And in November a week before the elections nobody will care why the FED is hiking. The next FOMC is in December.
If Trump wins I'm 100% sure they will hike in December to screw everything for Trump.
If Clinton wins they can find a reason to postpone again or if everything looks fine they can hike...

We are still in the triangle.... We had a big volume swing on Friday, but the whole swing was erased.
We rallied on Yellen's speech and gave back all gains at Fischer... So we closed the day almost at the same level as Thursday. We printed an inverted hammer again.
Inverted Hammers represent a potential trend reversal at support levels. After a decline, the long upper shadow indicates buying pressure during the session. However, the bulls were not able to sustain this buying pressure and prices closed well off of their highs to create the long upper shadow. Because of this failure, bullish confirmation is required before action. An inverted hammer followed by a gap up or big green candlestick with heavy volume could act as bullish confirmation.

So as it's still possible that we printed the DCL on Thursday and we will be holding that level - and on Friday we will rally on the weak data based on the above.
I simply cannot predict now what will happen from Monday to Thursday.
All the indicators gave in the DCL signal. ( RSI , SlowStoch oversold) We are too early for an intermediate decline what bears are waiting for. The question is how much will the dollar rally at the beginning next week .

XAUUSD, 240 Long
3 330
Price reached the support level and bounced. RSI confirms price reversal and MACD forms bullish divergence. We have a signal for opening long trades. Entry level is above 1316.50. Place a stop order below the support level and take profit orders near MA50 and MA100.
USOIL, W Neutral
7 247
It is just a prediction of crude oil,let's waiting for the market‘s verification.
XAUUSD, 120 Long
1 190
Please read my former view first (see below)

These hours we have reached the TP of my former view (see below)- the bottom of the illustrated blue box! So i have to update my view.

We played the in my main view illustrated variante no. 2 (mangenta box - see below).
Now i see the chance to play variante 1 of the Blue Box:

1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the bottom and upper edge of the mangenta box and than the upper edge of the blue box again

At the blue box`s bottom we have a classical action point were a decision has to be made. Here you could make a straddle - that means you open 2 positions, one long at the present level and a stoppsell order below todays low with a sl near above the blue boxs bottom edge.

The streesed out BBs, the four times bought supportlevel and the bullish wedge in combination with an oversold RSI could be a nice anticyclical and risky longchance.

We are here: also enar the next longterm action point


Former view: 2 interesting Trading Boxes!

Since July, a Trading Box appeared: 1306$ - 1375$.
Within that Box, we can see the next shortterm Box which reaches from 1330$ to 1356$

Interesting are the edges from each Box.

Trading ideas Blue Box:
1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.300$. Box TP1 would be the upper edge
On the other side, the Risk Lover could sell the upper edge @ 1.375$ (SL near above that Level) TP=Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge)

Trading Ideas Mangenta Box:

1. The Anticyclical Risk Lover would BUY the bottom of this Box with a SL, near below this edge @ 1.330$. TP1 would be the upper Boxedge mangenta, and TP2= upper BoxEdge Blue. On the other side, the Risk Lover could sell the upper edge @ 1.356$ (SL near above that Level) TP1=Mangenta Box`s Bottom/ TP2 Blue Box`s Bottom
2.The cyclical patient Trader would prefer waiting till we break through one of the Box`s edges (Stoppbuy or Stoppsell with a closely SL near the edge) TPs are the edges of the blue Box

0 265
The price action is been ranging in a rectangle consolidation where it is forming a Regular Flat Correction pattern that indicates completion of corrective phase and beginning of a new bullish move or trend. A good risk to reward setup.

Keep a Stoploss: 1290
Target 1: 1340
Target 2: 1375
HG1!, W Neutral
4 33
I'll update when I'm ready to short.!/YMuENsBs-HG1-I-JUST-LOVE-THIS-COPPER-CHART/

Im currently doing trading, full time for a living. And would like you to share inHG my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to or PM me for a discussion today!

Otherwise, turn to NAKED TRADING ROOM- for crispy fresh calls

XAUUSD, 15 Neutral
3 80
Description on the chart ;)
Please note that TF is M15. I use them only for temporarily directions.
Good Luck to everybody!
USOIL, 240 Short
4 199
i will trade this struture today,be patient to wait for the pullback and retest the broken neckline.look at the previous support,i think 44.40 will be the tp1,good luck for the trading.
USOIL, D Short
0 228
WTI crude bears resume as shooting star to evidence more slumps ahead of EIA inventory:

Technical Glance:

The recent intermediary rallies have tested resistance at 49.09 levels and been rejecting prices thereafter (see daily chart).

"Shooting star" is appeared at peaks of 47.28 level that has evidenced its bearish effects and signals some weakness as leading oscillators converge prevailing price dips.

On 4H charts, RSI and stochastic oscillators have been converging to the prevailing price declines which are deemed as a reversal coupled with daily technicals.

RSI signaling clear convergence with the dipping prices (currently RSI 14 trending below 55 levels while articulating).

While, %D crossover sustains even at 60 levels on slow stochastic (currently %D line at 68.5869 & %K line at 47.8261), so overall we see selling pressures in this commodity at the current stage.

Current prices slid below 7DMA on daily charts, while, 7DMA crosses below 21DMA which is a sell signal.

Trade tips:

At current juncture contemplating above bearish indications, on speculative grounds we recommend shorting near month futures for target towards $44.75 levels.

These margin requirements are determined by the exchanges and would usually be ranging from 2 to 10% of the full value of the futures contract.

The U.S. Energy Information Administration will release its weekly report on oil supply at 14:30GMT amid expectations for an increase of 921,000 barrels.

Crude price for October delivery on the NYME slumped to a session low of $45.75 a barrel, a level not seen since August 15. It was last at $46.16 by 4:04AM ET (08:04GMT), down 19 cents, or 0.41%.
USOIL, 60 Long
1 164

SL: 45.4
USOIL, D Short
1 85
Currently the price is drop via the 0.382 ratio which was mentioned in previous post.

If you are shorting since last post's position,
keep that short and wait until 44.07 (0.5 ratio) to see if there is any candlestick pattern which is worth to note.

Let's see if there is any trend changing candlestick pattern formed when the price is reaching 44.07

Happy Trading :)