Price has closed below a big channel I am looking for tp to be 8135 SL to go above few days high
Looking at the monthly chart we see a strong support at 1180 USD forming the lower side of the descending triangle with the downwards trend line on top. If the support at 1040 USD falls, lower targets get activated. 1042 could be a short stop an its way down to levels around 800 USD or even more likely 700 USD. If price breaks through the upper trend line, higher...
Zoomed-in (60-minute) observation indicates "Three inside up" at previously (April) bought-up level. Speculating on short term directional developments is encouraged by the descending line, proved in number of occasions as an active gravitational body. Idealized scenario would carry impetus through the 4-hour and bolster medium term velocity. In the event of...
In the past months this pair has been moving in a 500 pips range. At the end of May the pair has started to gradually descend lower.My wiew is that this is just the start of an extended 500 pips bearish move. On the big picture (1Weeek) this bearish trend is just a regular retracement for the larger bullish trend. Since i always back my prediction with...
At the beginning of the 2008 while the sub prime crisis start to be feared by all the wheat touched peaked, since then until mid 2010 the price dis-inflated severely (lost around 65% at the time from the $1320’s to a very better $480’s the contract. But as the recovery geared traction from 2010 it reduced the lost of price more than half when made at end of 2012...