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Iron ore miners to Bull hard Hey guys, Good time to load up on iron ore miners who have been sold off recently but i dont see prices falling below that major long term support line it has bounced off. This chart is part of my thesis on the Inflation cycle to calm down over the next few months but as commodities like iron ore, copper, Oil etc start to bull again as people still have cash at hand to deploy as prices come back down. The Bullwhip effect has certainly started with retailers increasing stock by +25% while sales Revenue only increases by 3% something that confirms prices have started to fall but Major support being hit here and in other commodity showing people are back to buying and the commodities will lead the way back up starting the next wave of inflation that will hit a higher peak then current levels.
SGX:FEF1!Long
by jackwheeler
EURAUD: BULLISH EXPANDING 🔺 BIAS: BULLISH 🔺 TECHNICAL PROJECTION: BULLISH 🔺 We have a H4 breakout bullish confirmation, bullish momentum is expected to carry to 1.556 target. AREAS OF INTEREST: H4 time frame, bullish breakout confirmed- will be attempting to join in the "E wave" by break & retest method. FUNDAMENTAL PROJECTION: AUD is weak and will become weaker as it gets weighed down by lower commodity prices. The markets await the upcoming rate decision where there is a possible chance from 25 bps to 50bps on 5th July, which may bring strength to AUD... but until then we will be playing AUD weakness! EUR: As ECB President Lagarde indicated, the ECB would be looking to the CPI data as a guidance to their interest rate decision. A higher than expected CPI data which was revealed on Friday (8.6% Previous: 8.1%) could spur the ECB into a more aggressive policy adjustment which will strengthen EURO.
Long
by maraxrara
2
CRB Index ending Diagonal - is the commodity cycle done ? CRB Index has been trending steadily since the time the logistics issues cropped up along the Covid wave across countries , gaining additional impetus from the crude oil rally - ukraine war. However off late its a bit surprising that so many of the commodity shortage or panic demand factors are so quickly priced in , as the ending diagonal in CRB almost makes it certain by way of wave theory that a significant top is placed. This also shows the tendency to stay out of commodities as the central banks who have suddenly woken up to inflation - rather late are now not leaving any scope to increase rates.
TVC:TRJEFFCRB
by umakanthraok
What to buy and how to ride the commodity bull?Discussion: 1. Example on Natural Gas - breaking away from its range 2. Beginning stage of a “Growth” stage 3. Identifying and trading in its uptrend with multiple timeframes Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
NYMEX:NG1!Long
by konhow
May commodity checkMay commodity check: GC1! GOLD HG1! COPPER SI1! SILVER PA1! PALLADIUM PL1! PLATINUM ZC1! CORN ZS1! SOYBEAN LBS1! LUMBER ZW1! WHEAT CL1! OIL NG1! GAS Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
COMEX:GC1!
by Options360
AUDUSD and Commodity PricesFundamentals: Australia's exports are, mainly, iron ore, coal, petroleum gas, gold , and frozen bovine meat (4% and above total exports; especially iron ore and other ores (>20% of total exports). They also export inorganic materials, wheat and cereal, but this is less than 2% of total exports. Anything 4% and above is more significant. Australia's largest trade in exports with China, Japan, South Korea, United States, and India. The USD has seen strength and will continue to see strength in the near-term as the yield spread continues to favor a strong dollar. Drought in Argentina (informed by a close friend in Argentina) "Drought in US soil as of April 19, 2022 46.35% of the US and 55.38% of the lower 48 states are in drought. Acres of crops in the U.S. are experiencing drought conditions." www.drought.gov Demand from China has risen due to China's desire to urbanize its peasant farmers and the rest of their populace. Also, China's local producers have been severely impacted by China's zero covid policy. The country needs to import food as a result. The EU will use biofuel as a replacement of gas from Russia. Looking at this list and at commodity prices in general, I believe that this has and will eventually help to support and/or continue to support AUD or CAD currencies. This situation will help Australia's import/export terms of trade index. IT is only a matter of time until the RBA must raise rates. I think taking a small position in AUDUSD is ok here. Technicals: Horizontal Support Volume support I do not believe it will fly like a stock. But, I believe that it will bounce back up to major resistance in the medium-term; a quarter from now; maybe after the USD finishes is upward trajectory. Taking a small risk here is ok with me. Entered @ 0.7121 Stop@ 0.6965 Target@ 0.7590 Risk% = 0.50% Reward-to-Risk Ratio = 3:1 Potential loss = $1000 Potential gain = $3000
Long
by Rocketman
2
Lower commodity prices before higher $96 first, $80s nextEveryone's bullish commodities and calling for a supercycle and a breakout here. However, every commodity chart looks like it's in the process of topping or has already topped. Then if you look at this chart, it just hit resistance again and hasn't been able to break through. The highest probability scenario to me here is that we reject and fall lower to $96, then rally over summer, and fall lower in the fall/early 2023 to find a bottom in the $80 region. After that, I can see the case for commodities to rally, but don't think commodities are going to go up here like everyone thinks.
CBOT:AW1!Short
by benjihyam
4
$XOM hot commodity!$XOM has been one of the hot commodity for the past the few months. gas prices keeps surging up and up due to various reasons. for now, oil started to cool down after hitting the ATH and continues trend lower below ema line for the past few days for momentum move. although its started to pulls back, there's a possibilities that it might bounce back up due to war conflict between the two countries Ukraine and Russia. once the war is officially started the oil might start move again due to possible high demand. overall, the market is still very bearish and specially the tech market. please trade cautiously. Day trade or scalp target play: 02/22/22 Buy call above 76.90 sell at 78.90 Buy puts below 76.10 sell at 75.31 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NYSE:XOMLong
by CHRIS_B58
AUD - a play on a weaker EM and commodity picture Having liked AUDCAD longs as trade, the focus shifts away from here to how markets digest rates pricing – and notably that of US rates, where US swaps are pricing a 50% chance of a 50bp hike in the March FOMC meeting, and a small chance of an inter-meeting hike – something I feel is a very low probability. Equity vol has kicked up and EM FX may start to look a touch more vulnerable here, so should we see EM under pressure driven by a reduction in carry, then the AUD may underperform as a proxy. A lot rides on commodity prices in the near term, but if EM and commodities are going to struggle then of course the AUD is going to the vehicle that is used to express that negative stance. We saw a failed break of the 3 Feb high, with a shooting star candle, so we can see the bears are getting some say here. A break of the rising trend, married with higher implied vol (AUDUSD 1-week IV sits at 10.43%) and the bid may come out of the market, and I’d be looking for a move back to the 70-handle. A tough one, as trends are not developing either way and there’s lots of chop and no momentum on the 4-hr or daily timeframe. Happy to trade the trend break in small size and a worrying equity picture. Chris @chrisweston_PS
Short
by Pepperstone
Incoming Perfect Storm for Commodity CurrenciesI'm highly advising not to be long any commodity currencies following the BOJ -- Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
by Michael_Harding
1