The Natural gas is seen in an Elliot wave structure since Jun.2023 bottom. The current pullback shall be considered as a wave IV pullback(until the wave I high of 3.015 does not get violated). From current levels though what should be expected should be a 25% rally (wave V) towards the 4$ mark. Also note that the wave markings have been done on an hourly chart...
I supposed that we are in the countertrend pattern, which is wave B with big degree and the current move can be sub-wave c and it can be devided into 5-waves OR have an correction wave of sub-wave abc to labelled sub-wave c as wave B But currently the movement is single leg mometum, there is no retracement, so I don't draw the 2nd scenario on the chart. the...
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Slightly Bearish Gold &...
WTI oil is going to continue downtrend to 73.40$ this month. We will wait to test the level then review price moves. Follow To Get More Signals.
Gold is going to continue it’s downtrend to 1870$ this month. After test this level we will review price levels and moves to detect next steps. Follow To Get New Signals.
Issues of demand and supply remain key considerations for crude oil. There are currently some signs of support for crude oil. Oil prices fell below 75 this week and have been repeatedly testing upwards around 75. If the current price falls further, market participants will worry about an economic recession. In the short term, crude oil returns to the 80 area and...
Hey Everyone, Following on from yesterdays update we were looking for either a break above 1965 or failure to break will confirm a rejection and to keep in mind the open target at 1935 from the ema5 lock below 1952 leaving 1935 open. 1952 was locked with ema5 once again today confirming the 1935 level twice. We got the test and expect a reaction here. We will...
First stock idea I've shared... *gasp* For the past 8 years, my strategy has mostly just been to hold a bunch of tech and green energy stocks forever, and that worked quite well, until recently. Now that I'm a little more tuned in to Macro, markets, etc, I see nothing bullish right now, and would rather be in cash to set buys at lower levels. I also want to...
HI Traders ! -The GOLD Failed To Create a New Higher High. -The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken. So I Expect a Bearish Move ! i'm waiting for retest... ----------- TARGET: 1921.000🎯
The marketing team behind gold and silver are always telling dumb and dead money that they should "hedge" against a "collapsing US Petrodollar" during times of global instability by being long on metals. The trade rarely works out. Gold and silver not only routinely follow the equities markets straight to Hell, but tend to get dumped during the start of new index...
Technical Analysis: Today, the WTI Crude Oil futures experienced a negative extension in their price, and they reached an important support level around $75. On an hourly basis, it seems like wave 3 may have exhausted. This suggests a potential change in the price direction. Scenarios: 1. Scenario 1 - Positive Rebound. It's realistic to expect a rebound in the...
Hey guys what's up Brandon here, Ekatatrading. Today I wish to discuss my sell on GOLD. I sold because 1. Gold is a bearish market and my LAW says to never go against the momentum unless a reversal is clear Reversal wasn't clear, momentum was bearish so sells it was. That being said around the time of me observing the GOLD market it was approaching the previous...
GOLD is showing some clues of possible trend change. If price stays on top of the last highs the price structure changes from making lower highs to making a higher high. This can indicate from a accumulation and growing bull force. As long as we stay on top of these previous highs I'm short term bull. Ofc there is also the huge 12 year cup and handle pattern...
As predicted, gold returned from the ceiling that was drawn! Now gold goes up to the range of 1917, it should be seen that if gold breaks this resistance downward, the next level will be 1870, and if the range of 1917 is supported, it can climb up to the range of 2007.
Crude oil continued to fall yesterday, from Friday to the present 4 even negative, down nearly 1000 points, yesterday's rebound space is slightly smaller, yesterday's rebound near 77.5 pressure, the European and American trading fell to a new low to 74.9, the daily line is in the bearish down, the day's rebound is the opportunity to empty, bearish not chase...
The U.S. House of Representatives has passed a bill called ‘Stop Harbouring Iranian Petroleum’. The purpose of the bill is to do all the following listed above🔺 But in more simple terms, the plan of the U.S. government is to pull Iran into the war & shift blame onto them, for the genocide currently going on in the Middle East. They’ll say Iran is funding the war...
Yesterday, Federal Reserve Chairman Powell spoke publicly again, saying that Fed officials are not sure that interest rates are high enough to end the inflation war, and that the help they can get in expecting improved supplies of goods, services, and labor to reduce price pressures may be nearing the end. After Powell's speech, traders postponed their bets on...