Hello Fellow Commodities Traders! From technical perspective, UKOIL has broken out of the pennant pattern. The price action also indicated a potential bullish movement on the long run. All explanation will display on the chart. *DISCLAIMER: This isn't a recommendation to buy or sell Brent Oil, only an Outlook from technical perspective. *FOLLOW and LIKES FOR...
Commodities are going up. Looking for new investesments looking diversification on different markets. 1. Silver is second raw material that comes out wherever mining is looking for something else. 2. Every electrical company in the world wants the best electical conductor ever. 3. Levels are related with silver price increase.
Silver (gold's high beta cousin) is looking interesting. Watch to find out more.
Breakout on silver, have said previously I am very bullish on precious metals the next 12 months. Trading the breakout on this trade, have larger positions of gold, silver and oil for longer holdings. TP: 26.92 SL: 24.78
Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying. Even Though This could...
Gold is stabilizing in the low 1900's. We appear to be topping out at 1956 after crossing the vacuum zone above 1936. However, 1956 proved to be prohibitive as we predicted in these reports. The Kovach OBV has leveled off indicating that we are likely to range between 1905 and 1956, and will likely consolidate further. There are a cluster of levels above 1956...
Hello All! This is a macro view of Commodities (Metal, Energy, Livestock & Meat and Agriculture). As you can see we have broken out of the falling wedge formation and we are pushing towards 4 main resistance levels. Commodities have not hit a new all time high since 2011 which was during the low of the housing market crash. These levels will be key economic...
RMS breakout with target market on the change RMS broke out on decent volume. Looking for a move above the "level" and then to see if it uses that same level as support. this will be confirmation. The next level is the target that is marked on the chart and a potential profit taking zone for short term traders.
Gold faced an intense selloff, as we have been predicting all this week. We made a run past 1815, which gave the illusion that we might be gearing up for another bull run, but we topped out just below 1826, where a red triangle on the KRI confirmed strong resistance. Subsequently, we fell back through support at 1815, and through the vacuum zone below it to...
It has reached the upper trendline and faces resistance, therefore may undergo price correction. This would be a good opportunity to short Silver. Risk Reward Ratio - 3:1
what will it be for the Dollar index? Short or Long? that the million dollar question. Taking the fundamentals and the economic status of the U.S into consideration, from my teams point of view we are seeing a rejection from in the near term. This is mostly fuelled by negative diverging momentum from the past 10 years. we can all agree that the U.S is not in...
The 7,8,9 sequential seek and other indicators indicating silver is potentially making an inverse head and shoulders . i would expect a few days of relatively sideways action but generally im very bullish with silver generally. Tomorrow could be a 9 reversal. The ichi moku would also confirm a few days of sideways ish action . Experiment with different time frames...
The oracle sequential seek is working well here , 7,8,9 on this time frame have played well . Im still a firm believer that silver is way underpriced for what it is and can do . whether you call things inflation or devaluation of currency they kind of play out the same . Try this on all different time frames
SILVER 4 HOUR TIME FRAME LONG POSITION As you can see there is another drawing linked to this one but the previous drawing is a short position. BOTH CHARTS ARE NOT FINANCIAL ADVICE BUT PERSONAL IDEAS. If you like my analysis give it a thumbs up. If you are spectacle or have any questions on both charts please feel free to leave a comment below or send me...
Back in August I posted a Descending Broadening Wedge setup where we were at a potential bottom and today it would seem that we have successfully broken out of said wedge and back tested as support and are looking to finish the measure move that will take us to a minimum target of 1.77. If you look on a timeframe like the weekly we have potential to go all the...
I'm a buyer right here, chart looks clean and I think we will get out off bearish channel from here. Bought with 8x leverage bull. CPI figures sh*t looking, a new wave of corona can hit(market expectation) the world = bullish for commodities - especially gold and silver.