$HES at critical long term support. Do or die long term. This is weekly chart. Volatility is cheap for the options to take a long term cheap "bait". Also has a seasonal pattern for Feb of 80% with an average move of 5%+
Expecting a small bounce off support then continuation later. There is a 5Y seasonal bearish window and interest rates are going to increase. Overall it is an extended counter trend rally that did not consolidate in order to go higher.
UGAZ follow UNG x3, i think UNG is near the bottom, therefore NATGAS also, we are heading into winter, the best season for NGAS. UNG is close to it 300MA, and 200MA at round 8dollar. Therefor i add 1/4 of the planned position now. If we fall further, NGAS to 3.000, i will add 1/4 of the position more there. IF we go to the 200MA for NGAS, around 2.700-2.800, i...
Heineken could be a buying opportunity if the level 67.30euro remains a strong low point. It could be interesting to play towards 79euro area in this stock via Call option strike 74 for July experiation. Overall TradingEcology has a medium to strong bull view in this stock for investors who would like to buy between 2 months and 1 year periods of time. It is...
For Platinum, the seasonal gain is quite clear. I'm very hapy to see positive price action at this time, making it a good edge on this trade.
Market normally goes into backwardation in FFAs after new years and shipping volumes falls when refineries go into maintenance and cut their crude processing demand. This year, in particular, it should fall even more given the cuts being implemented as per media in the last couple of days. A hot tip to follow the fixtures done is to download VLCC Fixtures (iPhone)...
Over the past few months, ZCH2017 has been more or less range bound. Fundamentally we know a few things: 1. massive supply 2. decent demand 3. a season of south american planting that can make or break the US ag market. We also know a few things technically as well: 1. A range bound chart that turns over at obvious support and resistance zones. 2. a possible...
Since october we have been moving in a sideway motion. I think this range is coming to an end. The bulls dried out the bears, and are now ready to take the price to the next level higher at 360. The impulsive breakout yesterday is paving the way for more gains to come. Note the bullish hidden divergence, which also shows the increasingly strong hand of the bulls...
ES held its levels during the bearish seasonal window. Now we are starting to come close to bullish seasonal window. Odds favor more upside.
WXZ Structure/ Target 618 Fib Level/ abc completion
This chart provides a general view of what gold does right after the new year has started. For the exception of 2013, all new years start with a move up. The dates are marked in yellow vertical lines and the bottom price to the immediate top is in red numbers (1000-1200, example). I have not marked the immediate top as it blocks the important date and start of...
Fatal state of wheat crop in the US is a good signal for prices Weather plunged wheat crop in the United States. Very good start to the season with a recognizably high level of quality crops of winter wheat aroused fears of further increasing the oversupply in the US market and globally. At this point, however, the situation begins to deteriorate, which has a...
January is historically one of the best months of the year for Gold. Remember our seasonality analysis on Gold? We said buy end of December, Seasonal tendencies Now on the 4 hourly graph, a well defined bullish slope is in play Support at 1163 and take profit/resistance coming in at 1200
H&S top. The price is now right on the neckline of the pattern (185). Any lower and it will break and this gives a short move down to around 140. A nice big trade. OJ highs historically don't last long, and seasonality supports a drop in Jan too.
I wont speculate what FOMC will announce, but in terms of Gold...cyclically, will get smashed. Not until then...time is the most important factor here. My price entry may change due to price action leading into the turning point date. The date of entry is set in stone though. 17th or 18th is next top.
A long play based on divergence only, both RSI and MACD. Seasonal coffee chart shows a probable up thrust in January. GL
February...very active for Sugar's seasonal curve.
This trader expected to see bottoming action on 77th day down as that was the given structure for Sugar. However while making this swing down it exceeded the last swing up both in Time and Price. Per trend rules, markets that overbalance in Price and Time are markets that shift in trend. Overall we traveled down for 3 lower monthly candles and so it's easy to...