We currently locate the platinum price in the green wave (b). As soon as this low has been placed little further down the chart, we expect another major detour with green waves X and Y before we can consider the important low of the blue wave (b) to be completed. Please note our alternative: If the price falls directly below the support at $843.10 (40% likely), we...
The price of NatGas has now reached the turquoise target zone between $2.98 and $2.77. Here we expect a turning point with the low of the turquoise wave (ii), ideally at the 78.60% retracement of the zone. From there, the price should move higher in large steps until it completes the orange wave (iii) at $4.60.
WTI is riding a robust bullish wave, propelling it to its highest levels in 10 months. In our analysis, we anticipate that, to complete the blue wave , it must surpass the resistance at $93.74. Subsequently, a noteworthy descent is in the cards. It’s essential to note that a dip below $73.89, though with a 38% probability in our estimation, signifies a further...
Oil prints this great weekly candle, which suggests that price is going to revert back into Value, and deems the excessively high oil prices as a tad overpriced, which is great. We have this big weekly pin inside the range of the previous candle, and typically these produce some great trades as the bearish pressure starts to build, we can look to aim for three...
Palladium is in a strong downtrend right now. In fact, in the Trend Following Market Trends Barometer , it is the strongest trend with a value of over 70%. We are opening short positions at market price with a very strong risk management metric - as always - aiming to surf the downtrend and lose only 0.5% of our portfolio value if there is a pullback. Our target...
As long as the price of CL is above $84, the possibility of growth to $91 remains, this is a preferable scenario in this case.
An upward trend is developing, the first intermediate target is $91.25. We projected a possible movement of CL on the chart. A fall below $87.30 will change our vision for CL.