WTI Crude Oil hit the HL trendline inside the 1H Channel Up pattern, which was enough to turn the 1H technical outlook bearish (RSI = 37.852, MACD = 0.140, ADX = 31.002). A 1H RSI that low has previously been a buy entry two days ago. The lowest it has been during this Channel Up was 35.400. In response to the above, we deem the HL hold good enough to make a...
We have entered Gold on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily. According to...
We had a great clean move on silver past our 50% OE target. It has now hit our trailing stop. Trade order summary position: Silver(Short) Trail stopped out at 2320. Net P/L: 1.51% Profit @1% =$1000, 1.51% = $1510 Do refer to our previous chart image where we took the trade last week. To understand our ideas and videos better,we highly recommend watching our...
Short term chart mapping/analysis of CAPITALCOM:OIL_CRUDE for developing Intraday Trade strategies. NYMEX:CL1! NYMEX:CL2! TVC:USOIL TVC:UKOIL
Med-Long term chart mapping/analysis of CAPITALCOM:OIL_CRUDE for developing Swing Trade strategies. NYMEX:CL1! NYMEX:CL2! TVC:USOIL TVC:UKOIL
Today's focus: Palladium Pattern – Descending triangle / Range Support – 1223 Resistance – 1320 • Palladium added 4.37% on Thursday • Palladium and Platinum ignored USD strength to finish firm on Thursday. Hi, and thanks for checking out today’s analysis. We’re looking at Palladium primarily in today’s video, but we have also mentioned Platnuim, as it also...
Silver has been trading inside of a falling wedge since April 2022, battered by an increasingly-hawkish fed. Despite a formidable collapse in the biggest inflation driver, oil, CPI and PPI reports are shaping up to be a continuation of the trend; worsening inflation. With any weakness in oil likely to be temporary given our macro environment, it's easy to...
WTI Crude Oil turned overbought on the 1D time-frame (RSI = 70.618, MACD = 2.330, ADX = 75.260) as it is extending its relentless rally inside a Channel Up pattern since the June 28th low. This 1 month uptrend is approaching the R1 (83.50), which is the High of April 12th and current Resistance. We are using this as a short-term buy opportunity (TP1 = 83.50). As...
Today's focus: Pattern – Continuation Possible targets – 1978.50 Support – 1952.70 Resistance – 1965.55 Hi traders, and welcome to today’s update. After buyers held support on Monday, gold looks to be edging at new continuation in its current stage 1. Signs continue to favour buyers after they broke out of the medium-term downtrend last week. We want to see...
Corn Futures sell signal is already activated, Risk reward 1/2 ... For These who trade Commodities it's important to know this bullish confirmation...
WTI Crude Oil reached the 1D MA100 for the first time since April 28th. The 1D technicals turned green (RSI = 59.140, MACD = 0.550, ADX = 29.727) and if the 1D candle closes over the 1D MA100, then an emerging Channel Up will lead it to the 1D MA200 and consequently we will target a HH (TP = 76.50). We will take the loss if the price crosses under the Channel Up...
Following a downtrend, where the price action created a series of the lower lows and lower highs, the bulls are increasing their presence in the game and are signaling that there might be a change in the price direction. Thus, a hammer signals a potential change in the price direction, as the bears were unable to follow up on the new short-term low by allowing the...
Hi Traders! There is a potential double top pattern forming on the Silver 4H chart. This depends on the very important level on the chart, which is 23.091. Originally, we had a price rejection at 23.091, which we marked on the chart. The price rejection formed a price channel to the downside; there was then a break of this channel in an attempt to re-test...
Copper hit the top of the Channel Down pattern that started in mid January and got rejected straight away. The 1D time frame already turned neutral (RSI = 51.361, MACD = 0.023, ADX = 28.747) and if the price crosses under the 1D MA50 and MA200, it will give a confirmed sell continuation signal. First target is the S1 (TP1 = 3.5525) and second near the S2 (TP2 =...
Today's focus: Oil Pattern – Descending Triangle Possible targets – 64.06 73.22 Support – 67.05 Resistance – 72.22 74.15 Hi, and thanks for looking at today’s update. Our attention is on oil after yesterday’s sharp selling took price back to key support. This level has held firm for buyers, but could this be the fourth time lucky for sellers? So far, production...
Silver is in bullish move since past few months. After a good trendline and resistance breakout it has come to test it, and formed a good bullish candlestick pattern to support its trend. You can put Silver in your watchlist.
as we see gold price respond 139 if we get initiative we come into the support we get initiative of f that low that low we should see price responds as well ok once price responds to the upside that's the price response we looking for and that's ultimately the process of initiation that's began ,buying offers but sellers are responding . so the process of...
Despite earlier reservations from several Republican House members, the proposed bill to raise the debt ceiling has been passed with 314 supporting votes - an overwhelming majority. The Senate will be the next hurdle before the bill is signed off by President Biden. The JOLTs Job Openings increased by 10.1 million in April, which will boost estimates for Friday's...