Not typical, long & stable upward trend on the daily chart has been going on for a while.
Hard to predict when the price will correct downward, but it is likely that it will happen, sooner or later.
What do you think about oil? Will the trend continue?
Old saying in trading, "trend is your friend" probably works also this time. When the price corrects down, I would buy!
Hi guys! 👋🏻
🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level.
🔔 The US Dollar index is still vulnerable below the 93.7 which is a...
On my most recent WTI Oil idea I laid out the reason why I expected it to tun parabolic towards $82.50:
That target has now been reached and on the 1D time-frame, WTI is approaching a very strong Support cluster both on price and RSI terms.
As you see the price is close...
Pattern: Bullish Megaphone on 4H.
Signal: Buy as the price rebounded after breaking just below the 4H MA50 (blue trend-line), in similar way as the August - September Bullish Megaphone. We are now on the second red arrow leg.
Target: 1810 and 1820 in extension (symmetrical levels from...
In the previous week, the price moved slowly as it entered a deeper consolidation phase.
In the coming days, we are expecting a trendline breakout followed by a small correction that will increase the chances for the market to drop into a bigger degree correction.
Trade with care.
Disclaimer: The analysis provided is...
Charts look absolutely similar between iron futures and iron mining companies.
ASX:FMG (Australian Iron Giant)
ASX:CIA (Australian Mining Company) - in the main chart
NYSE:VALE (Brazilian Iron minor listed as US...
In our previous analysis, we the price to break the previous low and head towards the $21 territory.
In the coming days, we expect Silver to find some resistance around this area and reach the lower channel line.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as...
Pattern: Inverse Head and Shoulders on 4H.
Signal: Buy as the pattern alone is a bullish reversal formation, while the 4H MA50 (blue trend-line) is holding as Support.
Target: The 4H MA200 (short-term) and the 1834.50 Resistance (long-term) as the technical target on Inverse Head and Shoulders is the same length as the Head from the...
This is a follow up to my most recent Gold analysis:
The Inverse Head and Shoulders pattern worked perfectly and the price easily broke above the 4H MA200 (orange trend-line). As it got rejected on the psychological 1800 level, the potential of a Channel Up emerges,...
Silver (XAGUSD) is posting a bullish reaction (rebound) after marginally breaking below the 1W MA100 (green trend-line) last week. During the metal's previous multi-year Bull Cycle and more specifically its parabolic rise (2003 - 2011), all three times that the price hit the 1W MA100 (excluding of course the outside catalys of the 2008 subrime mortgage crisis that...
Since WTI Oil broke the former two Resistance levels (74.15 and 77.00), the price turned parabolic outside the Channel Up that dominated most of the price action in September. There seems to be a Buy/ Support Zone consisting of the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line) and a Resistance Zone on the RSI Higher Highs trend-line.
In our last week’s analysis, we correctly anticipated the pair to continue the uptrend.
For next week, we foresee the pair making a small pullback towards the support and break the top.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you...
Last week, the pair continued the uptrend and broke the $80 level.
For next week, we expect the price to enter a bearish phase and reach the bottom channel line. This move is expected to act as a short-term consolidation.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be...
Palladium (XPDUSD) has been trading within a Fibonacci Channel and is turning into one of the best long-term investments as the price is approaching the MA200 (orange trend-line) on the 1W time-frame. This level has been in support ever since XPD broke parabolically to the upside (January 2017). At the same time, it happens to be resting exactly at the bottom of...
hey yall ,
if you look at WTI Oil's past rn , you'll see we kinda have the same pattern rn . in both of them we have descending channels . in the last pattern , WTI did a retest after breaking above the channel .
so I'm guessing after going up a little bit , we will have a retest and then pump is gonna happen . it'll be a huge pump . imo the price will even get...
NATGAS is wildly bullish lately
And the price is retesting a horizontal support
I don't think that the rally is over
So I am betting it will go up
To retest the recent high
Perhaps it will go on to break it too
And go even higher
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✅NATURAL GAS is trading in a massive uptrend
Due to the fundamental reasons
Pushed even higher by a massive short squeeze
In the options market to make matters worse
And now the price seems to be forming
A bullish pennant pattern on the 5H timeframe
So If we see a bullish breakout
That means that the price