Crude Oil is trying its 2nd attempt to break the resistance zone. There are 3 possibilities here: 1. If it break the resistance zone, wait for PB to the resistance zone and a bullish signal to long. 2. Eventually, it might form consolidation near the resistance zone. If breakout, can directly long 3. If there are 2-3 "2 BARS REVERSAL" to trigger the BEARISH...
Markets reacted pretty well to Donald Trump being elected as US President with SPX500 reaching all time high. Therefore, GOLD has tanked below 1200! With USD being over-priced and GOLD failing to break 0.2Fib, it could be time for to buy XAUUSD. RSI and MACD also bullish. Blue line also shows important previous structure with GOLD unable to break it.
Recently quite strong bearish market behavior. A weak flag also appeared which might suggest the bearish trend will be continued. If it breaks the support zone around 43.00-43.10, it will be good to short. R/R ratio will be around 1:1.32 If after breaks the support zone, it pulls back to the zone, look for another bearish signal to short again.
The trend line is clearly indicating the it will go especially with everything that''s going on with the election. I would go long. There's a lot of money to be made either physical silver or stocks.
According to a new Bloomberg interview Mr Putin is pushing for OPEC and Iran to halt oil supply in order to rally prices above $50 a barrel. The measure of success will be a close above $46.00 as it was breakout above this level that previously took oil above $50.00. Given the nature of oil any major exporter announcing they want to cut supply should provoke a...
Gold buy till 1320 target minimum 1345 Stop loss 1315
USOIL seems to be finally testing the lower band of a steep channel. a break down of this can lead to a good trade /otherwise a low risk pull back trade. stops can be the lower channel retracements
Read text written in the chart.
Bulkowski's Inverted Scallop in sight on Daily. Has Trendline Resistance at around 1325-1327 EMA20 on daily at 1325 may provide necessary bounce. A: 1305.38 B: 1375.92 (B - A) x 61% = Height of Impulse B + Height of Impulse = Target Price. ($1375.92 - $1305.38) X 61% = $42.82 1375.92 + 42.82 = 1418.74
Lithium is expected to be in higher demand. ALB beat Est. the last two quarters. Rev. and Sales good, Net Inc. is okay but could use some work, and Share holder Equity is strong. Bullish to Neutral until continuation patters develops. Long with about a 12 months time horizon.
SHORTS TO THE MAIN SUPPORT FOR HOURLY WHICH IS 15.800 LEVEL. AFTER SILVER WILL JUMP UP AGAIN SL AND TP PROVIDED. STOCH AND RSI CONFIRM SLIGHT DOWNTREND
Please see annotated chart for details.
Please see annotated chart for details.