The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
West Texas Crude Oil Long Price has come back up to the important psychological level of 79.000. We can see that previously this area has acted as strong resistance and support. In August last year we saw price find support here before continuing upwards. Since November last year we have seen it act as an area of resistance. On last weeks close we had price...
Price has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers...
– Previous Weekly candle closed extremely Bullish above recent Weekly Resistances, Friday Daily candle also closed strong Bullish around 2082.900. I’ll be looking for potential Buys above 2088.500 targeting Asian session open formed back on 4th December 2023 around 2096.000 and the Pre Asian session formed on 4th December 2023 aswell around 2110.000. I’ll be...
good evening gold gang .. we are back for another week and an attack on all time highs! A massive expansion on friday means we are sat very high up near ATH with not much data to go off .. so we need to wait for some structure to form i will need price to come down to the 2050 before i can buy back in to take it up to the highs. Selling ill need that 4h to...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Natural gas got a positive weekly close. this close sets up a potential short squeeze to $2 & $2.25 as long as we stay above the hourly chart neckline. Oil has just made it highest weekly close in 18 weeks. Oil has now broken out to the upside and this could be very detrimental to consumers and the inflation fight. If oil holds above $80 it's going to try to...
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Seeing a downward channel so expecting further bearish bias from here. Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday. We're posting HH and HL formation and expect this to continue through this week.
Hello,Traders! GOLD surged up rapidly Gaining almost 3% in 1 day So Gold is clearly locally oversold So we think that the bearish correction From the horizontal resistance Of 2088$ is quite likely Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅SILVER is trading along the Massive rising support line And the price is already making A bullish rebound from the support While also forming a pattern That looks suspiciously like The bullish H&S on the smaller TF Which reinforces our bullish bias And therefore, we will be expecting A further bullish move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
we made almost 730 pips from our area on gold by 2-3 positions a day on NEWYORk session last week. gold make an uptrend move from 2045 to 2085 on friday know we have some plan to trade gold this week. we trade on newyork session by our new area and i wish more profit from last week. "Using the data we get from the gold weekly chart and my special calculation...
We make 200 pips from 3 position on gold with our area
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude...
Dear Colleagues, price made a strong upward movement last week, and now I suppose that price could make a new high, but the main direction of the forecast is a corrective movement to the area of 50% Fibonacci level 2060. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
📣GOLD Weekly Prediction ➡️Gold Has made a Stronger upside 🔼 move because of Strong Data🆕🆕 & a North Korean military equipment to Ukraine.🔥 🔍Now Gold Has Support zone Around 2069 - 66, Initially Gold will Fall🔽 towards Support zone & if Holds then upside 🔼2093 - 98 could be seen. I expect that Gold will test 2070 & 2052 Sharply .
Last week, my gold analysis unfolded precisely as expected. However, following the reaction outlined in scenario (B), news on Friday at 3 pm triggered an upward rally, clearing out considerable liquidity and potential supply zones. This further solidifies my bullish bias, and I now anticipate a retracement due to the significant imbalance left behind by the price...