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[Commodity] Silver Intraday Trade Idea Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MCX:SILVER1!Long
by Amit_Ghosh
[Commodity] Crude Oil Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
MCX:CRUDEOIL1!Long
by Amit_Ghosh
1
Commodity trading, let's goCopper is crushing it! I've been trading commodities for a long time now and thanks God is finally showing. Besides Oil, copper was one of the best trades this last quarter: (the second could've been maintained for better gains) but this is the way I trade commodities,  Check the trend (very simple, up or down) Look for chart patterns (we see a big Head and Shoulders bottom) Find the next support area Wait for a consolidation around that area Purchase after a clear break and retest of the support. You can confirm with other analysts or different ideas: "Analysts at Citi believe a new secular bull market in copper is now underway." but don't let them confuse you (Not financial advice)
OANDA:XCUUSD
by CriptoJoe
Gold prices are trending lower, with mixed trends related to the Commodity markets have experienced significant volatility due to a variety of factors, including global economic concerns, weather-related impacts, production forecasts, and speculation related to reserve interest decisions. united states of america. There were signs that the US Federal Reserve's interest rate hike cycle was over, increasing market optimism. The Fed kept interest rates within its target range of 5.25% to 5.5%, supported by Chairman Powell's comments that met market expectations and stimulated risk appetite. Anadolu Agency reported the decision last week. Various trends are observed in the precious metals sector. Gold and palladium fell 0.6% and 0.3%, respectively, while silver and platinum rose 0.4% and 2.9%, respectively. In the energy market, Brent crude oil prices fell by his 4.2%, but this decline was offset by his 11.1% rise in natural gas prices on the New York Mercantile Exchange. Other commodities such as copper, lead, aluminum and zinc also rose in price, in contrast to last week's 1.5% drop in nickel prices.
OANDA:XAUUSDShort
by AstronautPioneer
[Commodity] Copper Buy IdeaNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:COPPER1!Long
by Amit_Ghosh
[Commodity] Natural Gas Support and Resistance Trade Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
MCX:NATURALGAS1!Short
by Amit_Ghosh
2
Commodity markets correct after FEDThis week, financial markets have been waiting for the FED’s decision and the press conference of Jerome Powell. The interest rate was left unchanged, just as most market participants expected. FED’s chief again stressed the importance of price stability and justified the restrictive monetary policy. As a result, stock indices plummeted along with Crude oil and major currencies against the US dollar. Bond markets consolidated not having reacted to a relatively neutral statement of FED’s governor. Brent and WTI futures have corrected from recent peaks ahead of the FOMC meeting due to active profit-taking. That’s a classical speculative pattern - overheated markets often correct ahead of important news announcements. After long bullish runs, markets usually tend to consolidate unless there are rapid changes in the markets conditions, so we may expect to see rapid pullbacks for Brent and WTI from local dips.
TVC:USOIL
by Exness_Official
Silver (XAGUSD) Breaks Higher & Forms Elliott Wave Bullish SequeSilver (XAGUSD) broke above the previous peak on 2.2.2023 high ($24.62). As a result, it now shows a bullish sequence from 9.1.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.1.2022 low targets 26.91 – 31.23. Near term, cycle from 3.10.2023 low is in progress as a 5-waves nesting impulse Elliott Wave structure. Up from 3.10.2023 low, wave 1 ended at 22.71 and pullback in wave 2 ended at 22.12. The metal has resumed higher in wave 3 which subdivides into another 5 waves in lesser degree. Up from wave 2, the 1-hour chart below shows wave (i) ended at 23.52 and wave (ii) ended at 22.8. Wave (iii) ended at 24.15, wave (iv) ended at 23.54, and wave (v) ended at 24.19 which completed wave ((i)). Pullback in wave ((ii)) ended at 23.78. The metal extends higher in wave ((iii)) and expected to complete soon. Afterwards, it should pullback in wave ((iv)) in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 23.78 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
FOREXCOM:XAGUSD
by Elliottwave-Forecast
1
COpper and other futuresCommodity traders are pumping everything, gold, oil, copper, cattle, hogs, everything I checked. If they continue to do so, it will force the Fed to go .5% regardless of CPI. A Fed member speaks every day next week, at least one of them will probably say something. Not as bullish as I was earlier today. Besides, CPI of 6.5% is still above 2% target. They can't undo QE because they're under water on all of their MBS, so they're slowly letting them expire. I think interest rates will have to remain high until their balance sheet goes down. Take a look at this chart (and now you know why I keep calling Powell stupid): www.federalreserve.gov
COMEX:HG1!
by hungry_hippo
4
Commodity Index AnalysisBear case: There is a descending triangle and a time cycle of peaks suggesting downside. Bull case: There is a trendline suggesting upside General: If the green trendline is broken to the downside, there is no moving average support* until the 20-month SMA and below that there is only the 100-week and 200-week which is well below near the implied target of the descending triangle at 87. The descending triangle should break down by December 7th to satisfy the textbook 2/3-3/4 triangle breakout zone (results may vary). If the trendline is bounced off of and holds through December 7th the bullish target would become the area marked by the green targets which are derived from the trendline and it’s upper channel which is defined by previous rallies off of the trendline. A head fake is always a possibility to watch out for. *going by the standard 9/20/50/100/200 simple moving averages that I watch
CBOT:AW1!
by Skipper86