WTI Oil (USOIL) formed yesterday a Death Cross on the 4H time-frame, the first such (bearish) formation in almost 2 months (since November 17 2022). The price got rejected exactly on both the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line) following last week's rejection (January 03) on the 1D MA50 (yellow trend-line). We covered this on our last week...
Oil seems to have bottomed out at $85.55. We saw good support from green triangles on the KRI, and a subsequent pivot back to the high $80's. We are now just below $90, with $90.06 in particular being the level to break before attaining higher levels. We should see significant resistance there. The Kovach OBV is bearish and keeps pressing lower. If we fail to...
Feeder Cattle
Technicals (August): Feeder cattle made an attempt to breakout yesterday but fell flat, despite the bloodbath in the grain complex. As mentioned in recent reports, the inability to take out recent highs with the collapse in grains should be a caution flag for the Bulls. That’s not to say we can’t rally from here, but the recent price action has been...
Technical Analysis
As you can see in the chart, every red square is showing a consolidation period, followed by a strong rally.
Today's action is showing strength as we are seeing a potential breakout, outside the 1-month consolidation period.
Trade setup
The light-blue arrows are potential measured moves. However, I would follow the 5sma or 10sma, as a...
natural gas has declined significantly but winter is here so demand for it is there.
predicting a bearish movement unless it hits my sl
please like and follow for updates
like the technicals here & price and time theory correlates nicely with this move
been tracking this one for a while (related)
think its time for oil to follow the other commodities such as gold and silver's lead and rally to the upside this week
Entry around 41 invalid below $40 key level... initial profit taking @ $42 and move stops to break even to make the...
Gold (1H) - intraday bullish bias
The bullion rallied above the 1527 resistance with a strong momentum, which indicates that buyers are getting more confident. The RSI pulled back from the over-bought area for a cool down, we can expect the price to consolidate for a few hours near the moving averages and the trendline before moving up towards 1540. The uptrend...
WTI (1H) - intraday bearish bias
The oil price is likely to stay in retreat as it is filling the gap left by the Sunday gap. Buyers are likely to be lurking around the psychological level of 58, which coincides with the 61.8% Fibonacci retracement level. Though the 20-hour moving average has proved to be a solid resistance level and we can expect the price to...
The shiny yellow metal trading with full bear potential, which is meant to be limited as FOMC scheduled later at 2:00 NY Time.
Potential Areas:
$1186
$1198
Tradings are recommended to be taken with breakout strategy to either direction.
Along $5 of stops.
Positions to be hold till LME session the next day.
Silver
We are in the deep sell-down mode lately and there is no end in sight at this moment.
It shall go lower as there are more bear forces are in it.
I foresee a strong support nearly at $14.5. So, the sell is still the better bet.
Press "Like" and "Follow".
Sonic
Disclaimer:
The information contained in this presentation is solely for educational...
Daily bearish engulfing creating an all new low for the year. Heat still around the trade war so greenback will be showing strength, the least resisted area now is 15.60 ? Further retest passed fib area is likely due to volatility in the commodity.
Opinion not a position.
As i tried to warn the Gold's bulls about this ''fake rally'' at my previous article now it's good time to start to search for a reversal area.
Gold as most metals are still in a bear market.From the long-term view on gold we can undesrtand that after the 5 wave structure of the 5 Elliott waves we can are in a A-B-C correction waves as mentioned in previous...
After so many recent facts occured regarding the crude oil and energy sector generally it wouldn't be possible to analyze it correctly in one article and that's why i am not going to talk about the changes on ''fundamentals'' of Crude Oil,if you can call them this way.
So i will exclude the decision of president Trump to cancel the Paris climate agreement,the...
Hourly chart pattern - bearish price RSI divergence
Resistance - $50.00, $50.89, $52.00
Support - $47.79, $46.80, $45.32
Brent appears poised to test psychological level of $50.00 if prices confirm a close above $49.38 on hourly chart. Moreover, such a closing would negate the bearish price RSI divergence on the hourly chart.
Failure to do so could...
