The soybean chart looks prime to push higher for the next 2 weeks. I recommend buying soybeans a 986.0 or better before the end of the week, and hold it until the end of the first week of November, or cover around 1028.0 or better.
1) Oil has been making lower swing highs and and swing lows 2) Expecting a new low to be formed around 46 zone @ daily resistance zone 3) A Break and restest of the trend line will warrant short entries 4) Downside Target 1 42.50 zone
Gold’s daily chart is a mess as we have an expanding channel formation, whose upper end is still acting as a support/resistance. We have a rising trend line that was breached on August 8 and since then multiple attempts to get back above the same on daily closing basis have failed. And now we also have a symmetrical triangle formation. Amid all this the...
It's trend market conditions on 4H chart and we can join to the main price movement. Price bounced from Moving Average with period 50. RSI confirms price reversal and MACD gives a signal for opening short trade.
Gold corrective structure to 72 to fill the gap after post NFP run. We may see 86 and 91 with multiple short run. then consolidate to 68 for further upside to 1330. buy dips is wiser move
Silver vs US dollar had a complex double three from the december '15 low which seems finished now.
Cocoa is moving, I'm anticipating a bull run soon.
XAGUSD is expected to sink now. There are many reason why we feel it may sink. 01. It has not sustained quarterly buy level. 02. Pinball in daily Chart. 03. To sink and come near quarterly sell level of 14.12 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all...
In the previous post i was looking for a big move up, but price went lower instead. Price is now again at an interesting level. In the count above I have price from 62.56 in a double three with both legs equal ( most common in double threes = 100% or 76.4% ) where the decline itself is part of a last leg inside a bigger double three from 114.95. Here however wave...
Still expecting OIL to continue sliding lower. If we can keep below $40.05-$37.68 resistance then it is very likely we will fall lower. Of course the $28.10-$27.54 support zone is vital as we had strong buyers stepping in and buying here. Below that support it is lower prices for oil with the target of $25.13 - $23.61. I have been short a long time on OIL. Added...