The main view of this trade idea is on the 15-Min Chart. The commodity Natural Gas is currently in a descending triangle setup with lower highs around the 5.20 and 5.08 price levels and support observed around the 4.95 price level. If the commodity breaks through the 4.95 support it can head towards the 4.70 price level. Failure of this pattern...
In early July 2021, nearby NYMEX crude oil futures rose to the highest price since 2014 after rising to a high of $76.98 per barrel. The price eclipsed the October 2018 $76.90 high by only eight cents.
The crude oil futures market ran out of upside steam at the early July high and has made lower highs over the past seven weeks. At around the $62 per barrel level...
The price is currently sitting on a massive zone of support. We can see some signs of bullish movements from here to the upside. We are waiting for more confirmations before executing buy positions and aiming for the upside
The main view of this trade idea is on the 15-Min Chart. The consolidation in Brent Crude Oil over the last couple of days has produced 2 chart pattern setups, a Rectangle as well as a Reverse Head and Shoulders. Resistance for the Rectangle is around the 72.50 price level while support is seen at the 70.85 price level, which is also the Head of...
The main view of this trade idea is on the 15-Min Chart. The precious metal Gold is currently exhibiting a double top pattern setup, with the resistance area around the 1795 price level. The metal is currently testing 1780 support. If support holds, it may be temporary and the metal will find resistance around the downward trend line highlighted in...
The Algotrading Multiday system is: short from July 16, 2021 from $ 1815
position performance: 1.11%
YTD performance: 10.04%
1 year performance: 12.13%
At the end of the day: maintain position
Number of transactions closed in the last year : 24
Average profit / loss per trade last year: 0.51%
Trade in gain percentage last year: ...
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Corn Futures ( ZC1!).
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Natural Gas.
Hi Everyone, GOLD price reversed 1750.00 USD on 1D chart, level 1.618 of Harmonic XABCD pattern. On daily chart its bullish & can go 1885.00 USD which is weekly resistance & daily support 1750.00 USD if breaks can go 1675.00 USD.
WEEKLY SUPPORT & RESISTANCE.
On weekly chart GOLD price is downtrend, support 1675.00 USD & resistance 2080.00 USD. TVC:GOLD
Hi... my bad this is my 1st video Analysis....
following are the things to look for on Gold....
Impulse 5 Wave is complete.
Correction 3 Wave @61.8 Fib
Wave 1 & 2 of the Higher Degree complete @61.8 if break below 61.8 expect 78.6 ten from there you can Buy Gold.
For our Bullish Bias wait for a break above 1791.62 to if you dont want to Buy @ the Current price...
Hello traders and analysts
A Note before reading - this is a technical qualitative analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Volume is used on occasion as well as quantitative features - which will be explained.
Please do not take this as face value and conduct the relevant investment...
Hello analysts and traders,
Please see the previous chart below for Silver.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant...
Although the NatGas price sharply dropped, we expect it to further rise until we are closer to $3.316. From there, we expect a longer corrective movement to dominate until around $2.187. After that, we should experience rising prices again that lead us over $3.800.
Definition of a commodity super-cycle:
Commodity super cycles are decade-long periods in which commodities trade above their long-term price trend.
Using a weekly candlestick to see the bigger picture.
DBC is breaking out of a 10 year long downtrend.
On Balance Volume is supportive, as it is also breaking higher, reaching levels from a...
We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.
WTI - RANGE BOUND!
Commodities overall since last yr are on a rise as seen on commodity index, I mean look at lumber and various others the % of return has been great and this has been increasing due to inflation, lower dollar etc.
For now WTI - We are still within the range technically.
Support: 62.62, 60.30, 59.15, 57.20, 55.40
There's a great chance that we would see higher prices on Crude Oil and for two reasons only... technically!
1. $63.90 level was taken out which opens up room to go higher.
2. Crude Oil... yes we just discovered this recently, it had broken above the Monthly Down Trendline awaiting a possible retest before a move higher.
So yes, that's the bigger picture.. at...