Price not showing enough strength, probably gonna print a head and shoulders. Very strong seeling from commercials.
COT + seasonals and weakening price momentum suggesting we are near the end of this rally and getting ready for a reversal. FOMC could be the catalyst.
According to the seasonal pattern (summer rally), Corn Future is on its move to higher ground also raising volatility along its move upward. This trend is supported by the commercials' net long position, which comes from the closing out of the short positions. OI is rather low, meaning that public is not the driving source behind the price movement. Option Trade...
As i mentioned before at my previous article for natural gas we are entering low demand season and that's of course affects the movement of the natural gas price. Now watching it on more longer time frame and particular at weekly we can see an inverse Head and Shoulders formation that is unfolding and it's more likely to break around early's of June as i show on...
Been stuck and bouncing in a tightening 'wedge' range - can it break out to align with stronger seasonals?
The AUDJPY currency pair is always an exciting pair to trade for its relation to risk and how big profits can be when traded correctly. Despite major seasonal bearish bias as seen from my 15 min intraday chart posted with this analysis, I believe this pair has been brewing strength for the last month as it showed a bit of weakness. I strongly believe in the coming...
Desc.Triangle break and now retest Big RSI Divergence. Euro short term sentiment (and index formation) pointing to a probable bull run. Seasonality after mid year could point to weakness in DJI and DXY.
S and P 500: Some seasonal facts to help you decide on likely S and P direction from here over the Summer: S and P 500 Highs and Lows since 2011 HIGH LOW 28.4.11 5.8.11 and 28.9.11 27.4.12 31.5.12 and 9.11.12 21.5.13 20.6.13 and 27.8.13 and 9.10.13 no May peak 6.8.14 and 15.10.14 18.5 15 20.8.15 and 28.9.15 19.4.16 ...
SEASONALITY OF VIX INDEX, including nearest dated FUTURES LOWS during Low Volatility era: 2011 to Present: BUY LOW Date of Low Low to High Time Period fronm Low to High 2011 on 27.6.11 17 to 46 3 months 2012 on 20.9.12 14 to 22 3 months 2013 on 29.7.13 13 to 20 ...
S and P 500 2 Trends 2 Trades Seasonal factors are beginning to show on S and P now. Over the last 20 years May to October periods have produced a correction of between 5% and 41% in every year without exception. The average loss per period was 14.9%. For the last 7 years if you'd bought the S and P on 16th October each year and held for 6.5 months until selling...
Estimated Entry: $1217-1219 Tp1:$1238-1240 Tp2:$1251-1252 Tp3:$1272-1281 Tp4: to be advised after breaking out $1284 I'm holding trial order from $1217 now. Daily chart: possible have seen reversal. Imo, the previous drop was seasonal retracement, rate hike, French election, etc. all are market noice.
miners and gold made quite massive moves down. after breaking the assumed trend line from the december lows we must find a different pattern to explain the recent moves. my best explanation now is that we are about to complete an abc correction(now-august) before the last leg down(aug-dec). this would also coincide with the seasonality in gold---up from now till...
Commercials starting to sell, bearish hidden divergence, bearish seasonality, downtrend. Price showing hanging man. Could go a a bit more up but from here to september should be priced lower.
*7 yrs seasonality suggesting upcoming weakness *Fractal extrapolated from 1991 matching. Stop at 2017 highs, first ideal target at Fibo 50%
Strong weakening of bullish momo, over bought, bearish seasonal window and very strong commercial selling.
Firstly I must add that I am not an oil expert, however in the recent couple of weeks commodities have been hit hard. Its a pity I cant get copper or iron on this chart, but gave you silver just for the general idea. This slump in commodities in general is what is causing CAD and AUS weakness. I still have a USDCAD short idea that was posted maybe a week early....
Here a projection with seasonal datas. seasonalcharts.com Any other ideas?
The price of gold is in the middle between long-term support / resistance levels. An upward trend may lose momentum. The dimension of the movements upwards is reduced. The size of the rollbacks is increasing. The closer the summer, the stronger the influence of seasonal decline in gold prices. If the upward trend does not get support in the coming weeks, work...