Today's focus: Gold Pattern – Correctional phase. Support – Resistance – $2394 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart. We have reviewed recent price actions and our thoughts on what we are seeing and looking for moving forward. Is this just a bout of profit-taking that will kick off a new trend?...
Oil decreased during London session as we were anticipating from our last Analysis. We are still anticipating a further decrease in the medium term but in the short term here we may pullback. This is what the price action is telling us as we have pin Bar candles on the 1hr and 4hr charts that printed at our 2 daily support level's 81.22 and 80.64. This suggests...
1 Week after the beggining of conflict between Israel and Iran in the middle east, Crude Oil is down 3.66%. Price began trending down all week and then on Thursday there was news of a bombing by Israel which caused a spike in Oil(3.5). This whole move was corrected and we are back to being down on the week. This opposes what I believed may play out this week as my...
WTI Crude Oil came to day to the closest point it has been near the 1D MA50 in more than 2 months, since the February 6th breakout. The 1D technical outlook is neutral (RSI = 48.820, MACD = 1.03, ADX = 27.71) indicating that this is the most efficient buy entry since the February low. The market has already formed a 1D Golden Cross and displays striking...
Today's focus: Oil Pattern – Continuation? Support – 85.38 Resistance – 87.37 Hi, traders; thanks for tuning in for today's update. Today, we are looking at oil on the daily. After a surge from the USD caught a lot of attention yesterday, we are watching oil after it rejected a push lower by sellers and continues to hold in a potential continuation type...
In this live trading video,we look at why we took the Brent oil trade at low risk using price and volume on our 100k traders challenge account. We explore the use of channels with relation to the smart money framework. The concepts and ideas in this video can be cross transferred onto any strategy.
In this live trading video,we look at the underlying concept behind our OE basesd strategies,why actual reward:risk is more important than Expected,how to select your trades and our Q1 performance review on our 100k traders challenge account. The concepts and ideas in this video can be cross transferred onto any strategy.
Hey Nathima fams! I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising: Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold. Buy Opportunity: Considering this bullish trend, I'm highly...
Cocoa: Cocoa futures hit $9,400 a ton for the first time ever, marking a 45% increase in March. Poor harvests in key producing countries such as Ivory Coast and Ghana, where adverse weather conditions, including heavy rains from El Niño and subsequent extreme heat, have led to supply shortages. The Ivory Coast cocoa regulator anticipates a 33% decrease in...
I wont lie, this one scares me the most, XAUUSD looks like it might be in some trouble. Im seeing a selloff happening from around this range, looks like we are still in a big correction which will end around the 1600.00 to 1500.00 range. Where all is in confluence i will update you guys on this. This is not me saying sell or what, im just sharing what I'm...
WTI Crude Oil has almost reached on Wednesday our 83.50 long-term TP and it is time for us to turn bearish and consider a long-term selling approach. Technically, the 1D chart already almost turned neutral (RSI = 56.205, MACD = 1.310, ADX = 32.453) and hasn't even approached the 1D MA200. We are targeting a decline near the 1D MA50 (TP = 78.00). If the price...
Targets met. Activity in an options portfolio that was poised to rise before the market rose (INSIDER) resold 4.14 calls into the market. Made 400% on that strike. How about that? Is it worth studying options strategies and tracking the activity of the big players?
In this live trading video,we explore the 3 lessons that we learnt on missing the Brent oil trade. You can cross transfer these principles on any strategy.
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...
WTI Oil is neutral on the 1W technical outlook (RSI = 51.426, MACD = -0.040, ADX = 21.884) as it is about to close the third straight week trading sideways on the 1W MA50. On this long term chart, we can clearly see that the price hasn't crossed over the R1 level (79.75) since November 13 2023. As long as it keeps closing the 1W candle under it, we are bearish...
Today's focus: GOLD Pattern – Channel Test Support – 2023 - 2020 Resistance – 2035.80 - 2055.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart. Gold saw a solid session to end last week but failed to break its price channel. Will we see the channel hold price and possibly send it back to the bottom on...
Today's focus: Silver Pattern – Breakout test. Support – 21.90, 22.84 Resistance – 23,45 23.19 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. Looking at Silver, we see that price continues to pull back after breaking out of a triangle-based squeeze pattern. This is fine after a breakout but we want to...
Today's focus: Oil Pattern – Resistance re-hold Support – $77.21, $76.30 Resistance – $78.85 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil on the daily chart. Today, we have broken down how we see price and key levels. Once again, we have seen resistance re-hold and a new move lower after tests failed. Will we see a new...