Price upside momentum starting to fade too.
Ok... This one is interesting. Your typical text books formation. But, the Right Shoulder has not been confirmed yet, so it might not form it in the end. Be careful. If it will close above around 3.30, then it won't be H-a-S. But if it will want to push lower, then I would be really happy to see it go to 2.80, 2.60 and we're very lucky, 2! But this just an...
Short PUT on SoyBean due to seasonal aspects and extreme long positioning of commercial traders, highly raised volatility in the last days
I like to look for market reversals at equinox & solstice, this could be one. Def worth thrown' some dust at.
Though anything can happen in the coming days there is a clear season shift with DASH and as of about 14hrs ago the shift is to bear until Summer Solstice. see more
Seasonality pointing towards a bounce. Commercial positioning starting to turn bullish. Suport nearby could used as an entry point if reached with stop on break of it.
Hello all...please take a look at this channel on the Daily Chart and let me know if you think we might have a huge buying opportunity entering driving season for CL.
Yesterdays EIA drilling report was bearish suggesting increase in natural gas production. Suppl is rising but demand is seasonally low. It early to rise electricity consumption and summer is going to be relatively cold as well. More info for cofutrading premium subscribers.
Yesterdays EIA drilling report was bearish suggesting increase in natural gas production. Suppl is rising but demand is seasonally low. It early to rise electricity consumption and summer is going to be relatively cold as well. More info for cofutrading premium subscribers.
$TRIP has a seasonality of 90% bearish probability, Entered a day trade with options. Goal is to get the preserve mode i.e. pivot low. Once at preserve mode, take 50% positions off and then move it to higher time frame to ride it to earnings (if possible with stop)
.... doubt it will happen this year. last year we had three severe frost scare days/weekend. IMHO this market is where it is merely because of cautious buyers ahead of the season. I see rangebound through July and if no frost happens more downward potential. Technically speaking, the bull market appears to be over.
e see lately the rally of the natura gass trying to change it's trend upwards. Some traders might disagree and they think that natural gass already change it's momentum. Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious.. There is a possibility to witness a bearish flag pattern and nothing more...
- In the latest prospective planting document, it was reported that acreage allocated for soybeans will increase by 7% this upcoming season. This means that soybean is fundamentally bullish. Analysis from previous reports show that there is an 80% correlation between an increase in acreage and an increase in prices 10-days post the release of the report....
Its the end of the gas season and believe we will go down to seasonal lows. I actually put this short in last wed. at a higher price. GL
Depending on how the retrace turn out. 1. April is traditionally weakest for USD but this should not be a given. 2. Nikkei dividend season, will be repatriating yen. 3. DXY below resistance level 100.60
Oil continues to set up a bottom after 3 tests of $47. We have seen a very narrow trading range since the panicked exodus by the overextended bulls. After 5 months of coercion and collusion by Opec members I wonder if investors have grown tired of their typically optimistic statements?.. Much Squabbling exists on how the cuts should be measured, Exports or...
Bearish seasonality and COT showing big commercial selling. Price crossing below SMA20 is a confirmation of weakness.