CORN has been moving up steadily since the late 2020, continue to impulse up and correct.
We now see a larger, higher time frame descending correction that has been consolidate for about 5 months
Latest development shows us a lower time frame double bottoms, and price has some LTF bullish price action.
Be on the look out for bullish...
Gold against Dollar , looking bearish towards at the end of the week , a bearish triangle formation this week could result in a downward trend towards the price of 1763..
Analysis only for education purpose
Hello traders and investors!
Today we will talk about silver, its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, we are tracking two different interpretations on silver, but what is interesting is that both scenarios are bullish. This is definitely very important for investors, while traders should be...
Yellow metal couldn't barge the resistance at 1813 and fell to the support @ 1782. In this we may see a possible push towards $183O, which has been a strong resistance in the recent history of this precious metal.
Above this resistance will open doors for 185O and 19OO's. Below this resistance will welcome 175O ,172O and 168O's once again.
The US called upon OPEC+ to boost oil output but has so far been reluctant to tap its own strategic reserves to address the price surge that is denting the economic recovery. It has, though, committed to selling some as part of a past fiscal agreement.
Last week, the London Metals Exchange announced several ad hoc measures to address the apparent shortage of...
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PA1! is sitting around a strong support area and round number 2000.0 so we will be looking for buy setups on lower timeframes.
on H4: PA1! is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new...
In the previous week, the price corrected without giving us the bearish wave that we anticipated.
In the coming days, we are expecting the price to fall from the confluence between the trendline and the resistance level and reach the support.
Trade with care.
Disclaimer: The analysis provided is purely informative and...
In our previous forecast, we anticipated Gold to continue the bearish trend. Instead, the price reached the resistance level and started to fall.
In the coming week, we are expecting Gold to correct or make a new top and afterwards make one more leg down.
Trade with care.
Disclaimer: The analysis provided is purely...
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...
First week of November has been the short past two years. Have been patiently watching this one and can see a H&S setting up. Major down TL on monthly ~6.5 otherwise large breakout
$UNG $BOIL $KOLD #NatGas #OOTT #Commodities #Trading
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 our last week’s analysis, we correctly anticipated the pair to pullback.
For next week, we foresee the pair finishing the consolidation and making a new top.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you...
Last week, the pair continued the uptrend despite our forecast in which we anticipated it to reach the bottom channel line.
For next week, we expect the price to enter a bearish phase for a consolidation. We will focus on the sell setups and wait for the price to give us the necessary signs for a reversal, even though it could move higher from here.
XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally.
However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it...