Since September 2023 the price of WTI crude futures has been painting almost a textbook wedge into the 68/69 support zone. Aggressive traders might find the current price to be a good buy point, depending on their drawdown tolerance.
📊 Market Sentiment: Neutral to Bullish Market sentiment CME_MINI:ESH2024 is currently shaped by various factors including the latest US inflation data, Federal Reserve's potential rate cuts, the kickoff of the earnings season, Asia-Pacific market movements, and global economic growth projections. 🌍 Global Financial and Economic News: US Inflation Data: The...
World gold prices were relatively stable with spot gold falling 5.3 USD to 2,023.5 USD/ounce. Gold futures were last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning. Investors are waiting for US inflation data to get more clarity on the path of the US Federal Reserve (Fed) interest rates this year. The USD weakened, the US Dollar Index...
With its recent high, the Natgas price should have established the high of the blue wave (iii) and is now in an intermediate correction of the blue wave (iv). We have already drawn a target zone between $3.02 and $2.90 where the price should now dip deeper and reverse. Following the low of this move, it should then go beyond $4 again before the magenta wave iv is...
📊 Market Sentiment: Mixed Various factors are shaping the market sentiment, including global economic slowdown, inflation trends, interest rate outlook, stock market performance, and political and geopolitical risks. 📝 Today's Recap The focus is on consolidation and range expansion, with potential trading opportunities at key support and resistance levels. The...
1. The price shifted structure on 16758.50 and left a bearish breaker block behind to return to. 2. It looks like it's aiming for the mean threshold of a breaker. 3. Price should respect the zone of a breaker then melt right after that. 4. In order for sells to be valid we need to see the bodies of daily candlesticks respecting the zone. 5. Then after that we go...
📊 Market Sentiment: Neutral to Bullish The market remains vigilant as it navigates through complex geopolitical and economic landscapes. Ongoing geopolitical issues and economic forecasts are at the forefront of investors' minds, influencing market movements and strategies. 📝 Today's Recap A period of lower conviction trading is expected in the wake of the...
Multiple time frame analysis for WTI. Price action and important key levels. Trend analysis and directional bias. Trading plan. ❤️Please, support this video with like and comment!❤️
According to my analysis model, the path of movement of BTC will be like this. plz follow your capital management.
📊 Market Sentiment: Cautious Watchfulness Amidst Global Changes The markets are attentively eyeing the evolving geopolitical landscape and economic indicators. With global elections and central bank policies in focus, investors are navigating through a blend of optimism and careful scrutiny. 📝 Today's Recap Late in the day, some long exposure was added back at...
Forecasting this week's gold price trend, Kitco News' latest weekly gold survey shows that 50% of retail investors participating in online polls on Main Street expect gold prices to increase this week. This and the rest forecast that the price will go in the opposite direction. Retail investors expect gold prices to trade around $2,049/ounce this week. Meanwhile,...
BTC.d gets strong in bear markets and corrections. When it starts to lose support and drop, it means a full alt season is on the way. The vertical white lines mark the Halving events and the red vertical lines are marking the ATH events. Check my other analysis which sums up this prediction supporting the beginning of the alt season.
This is a macro idea for 2024. This is the monthly showing a fib from the recent 2023 low to the most recent high. What we can see is the 50% Retracement level is right at a monthly FVG. The idea is if we are to stay bullish for 2024 we would NOT want to see any monthly candle close below the monthly FVG. I would like to see the FVG act as a support if we do have...
New Top, Old Resistance: Mixed News Question Bullish Supertrend Dear Esteemed Traders, TECHNICAL ANALYTICS Zooming out on the chart, ES hit a level that might be a resistance since January 2022, formed by a previous top. Historic tops often act as a resistance. Alone this would be a weak indication, but the price managed to hit that level at the same time...
📊 Market Sentiment: Intense Anticipation As we navigate through a critical phase, the market remains intensely anticipative, closely watching the support and resistance levels after recent pullbacks and rallies. 📝 Today's Recap The market's latest move was a strategic "knife catch" long attempt at key 4727 support, marking an intensified focus on the immediate...
📊 Market Sentiment: Cautiously Watchful Market focus is on key supports at 4746 and 4738 after a recent pullback. The cautious watch is due to the possibility of further downtrend or stabilization at these levels, determining the short-term market direction. 📝 Recap: End-of-Day Movement The market ended with a strategic long attempt at key 4744 support,...
Good bullish signal on CBOT:ZR1! If you have any questions, feel free to contact me.
📊 Market Sentiment: Cautiously Watchful The market has shown signs of strain under recent volatility, breaking through several key support levels such as 4795-98. Focus is now sharply on 4777, a pivotal line that must hold to prevent further bearish momentum. Traders are approaching the market with a blend of caution and vigilance, balancing optimism with the...