All in the video - SPX looks toppy around 4080, USOIL looks bullish for a move over 100 over the coming weeks, Wheat has two possibilities, but ultimately I think it's bullish either way. Gold one more low possible but GDX is leading upwards as of now. BTC nice but rsi is over stretched, needs a pullback.
Unexpected rally on Spy to 413 looks possible for next week. All the usual markets are covered. Wheat is still good but it's been a tough trade. Oil probably to 92 but it's possible one more low to 78-79 could happen first. Gold and metals I think continue the rally as DXY pulls back more. BTC same. Good luck!
I forgot bonds, will update if I need to- they still are sucking as of now. SP500 looks like it wants to rally, a hold over 3930 hourly chart would be a long. If we have one more down it will likely be the bottom for a few weeks. Oil could drop to 80 before a bounce. Wheat has a breakout and people are starting to pay attention to it. Gold looks ok and may be in...
ALl in the video, still bullish on the stock market, but a small sell off first would be appropriate to trap shorts. OIl looks like 92 target should come sooner rather than later. Bonds still under the channel. Wheat still looks great. Gold looks promising and the US dollar likely pulls back to help it. BTC hard to tell but I would think higher after a small sell off.
OK a nice bounce into the daily MA cluster. I do think we get choppy over the next few weeks, so expect a lot of up and down and take profits when you get them. SPX may pullback early next week only to rally into the end of the week. Oil similar choppy movies to 92 and maybe 95 later in September. Wheat tested it's channel and so far has pulled away nicely. Gold...
8.29.22 Today's review a coffee and the ES. I think you need to be very careful with coffee which can definitely have great move and is volatile enough to be a market you want to follow. The ES had a great reversal lower, and seems to be developing a trending swing lower. however, it came to support and may trade higher for a period of time. I think it will...
Paul Wankmueller CMT of Blue Line Futures sees a Head and Shoulders Top in December 2022 CBOT Wheat. Feel free to reach out with any Technical Analysis Questions! Today Wheat broke through the neckline of a Head & Shoulders top with conviction, confirming the pattern. Using the distance between the neckline and the top of the head, the continuation can conclude...
Week setup: Bearish Engulfing bar Day signal: Retest of Hidden Head & Shoulders neckline. 4HR Signal: Retest of Head & Shoulders neckline + Double Tops downtrend. 1HR Signal: Retest of Double Top downtrend neckline. IDEA: A strong daily close of price below $549 would suggest a more bearish sentiment.
Drawing a Fibonacci Retracement from the low of 17.36 made on Feb 3, to the high of 20.46 made on April 13, we have retraced 61.8% of the up move. 18.54 is that level, which was also the low of the day yesterday, May 4, 2022. This is the line in the sand for bulls, but considering it held, and we are about to poke our head out above the Ichimoku Cloud, the odds...
Wheat has been the most volatile commodity since the war started and we have fallen back to $1000 as peace talks improved. Similar to Oil though peace will not fix the supply/demand issues with Ukraine and Russia accounting for 30% of wheat exports. The consolidation period is likely over and if we can get some positive price action more buyers are likely to...
Famine and Food Shortages are the talk over the last month as Russia invades Ukraine. How are we playing this? Where can people look to hedge inflation and war? Here are two simple methods we take a look at to play commodities and agricultural commodities. RJA and RJI by Jim Rogers we believe will continue to rise due to inflation and war. A little fast recently...
Hello and Welcome, We expect wave (3) to end at 1157.6 which at this level wave (3) will equal 3.618 multiply of wave (1).
I will say it again. Caution in all asset classes remains. How much risk are you taking on for how much reward you are expecting to acquire? Keep asking yourself that question. Better to be out of the market wishing you were in rather than being in the market wishing you were out.
Bitcoin, Ethereum, Solana, and cryptocurrencies as a whole are caught in consolidation where a breakout to either side will define the trend. Stock market indexes of S&P 500 and Nasdaq have given a bullish signal but where will that change? Commodities like oil, wheat, and corn are ripping. Gold and Silver are giving bullish breakout signals. Tech stocks are...
Hello and welcome, we are looking for a strong move higher in wave (3)
LSE:COFF WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield. WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on...
Hello and welcome, in this video, I explain my outlook in soybean
DBC commodity index, Commodity prices have stalled but should continue higher as mother nature continues to go haywire interfering with the growth of crops. with a lower yield and ever increasing demand producer prices must raise to accommodate for the hardships therefor that price increase should become reflected on the index price as well.