Looking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support...
Looking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support is. Any...
Looking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 86.682, where the 50% Fibonacci line is. Stop loss will be at 85.401, where the recent low is. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line...
Looking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 86.647, where the 50% Fibonacci line is. Stop loss will be at 85.401, where the recent low is. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line is. Any...
#Gold is about to make some big moves, testing the pivot , is it going to be making a triple top or will it pierce through 2100 this time and move towards 2500 level. Patience can be rewarding in this
Overview The main view of this trade idea is on the Daily Chart. The commodity Wheat is in a descending triangle setup, with the resistance trend line at lower highs of 949.08 and 798.34. These lower highs occurred on 10th October 2022 and 30th December 2022 respectively. The support line is observed around the 730 price level. Expectations are for the support...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern. Moreover, the 1900.0 level is a strong support and round number. 📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 A series of US economic data have pointed to a slowing economy, including a 1.1% drop in retail sales and a 0.7% decrease in month-on-month industrial production. Investors then raised concerns about a recession, with the stock market dipping. The Dow plunged 613 points (-1.81%) to 33,296, the S&P...
Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a retracement pullback buy entry at 76.84, where the 50% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line...
Studies indicated Crude Oil is the best indicator to track the current inflation. It is also a leading indicator to inflation numbers? If that is true, we will have to track the crude oil prices very closely. Content: i. The most inline commodity with CPI ii. Can the Crude Oil track CPI? iii. Direction of Crude Oil Crude Oil Futures Minimum...
Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a retracement pullback buy entry at 76.84, where the 50% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line is. Any...
Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 77.90, where the 23.6% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line is. Please be advised that...
Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a retracement pullback buy entry at 77.90, where the 38.2% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line...
GSG is a nice way to play Commodities Super-Cycle in a diversified style. at current level the risk to reward is about 1/2, which makes it attractive long position.
The main view of this trade idea is on the Daily Chart. The commodity Soybeans appears to have found some support around the 1350 price level. The commodity is in a trend channel higher and once that trend channel holds, could rally towards 1800 over the next couple of months. This view will be negated if Soybeans fall below 1420. Technical Indicators The...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SILVER has been overall bearish trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline. Moreover, the zone 25-26 is a strong resistance zone . 📌So the highlighted purple circle is a strong area to look for sell setups as it...
Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 20.10, where the 50% Fibonacci line is. Stop loss will be at 20.49, slightly above where the 61.8% Fibonacci line and minor high is. Take profit will be at 18.94, where the 50% Fibonacci line...
Copper (HG) rally from 9.28.2022 low is unfolding as a nesting impulse Elliott Wave structure. A nest is a series of 1-2-((i))-((ii)) which is an extended version of an impulsive structure. Up from 9.28.2022 low, wave 1 ended at 3.96 and wave 2 pullback ended at 3.5410. Wave 3 is currently in progress with internal subdivision as another impulse in lesser degree....