This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken.
Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
Commodities are selling off right due to whole Greece Situation and the sell off China.
This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart.
Expected target is around 615.00 along with the corresponding CS levels with it
There is currently alot of selling pressure right now due to Greece situation and the sell off in China. As a result, alot of commodities are selling off right now and Natural Gas is no exception.
Even though price has been channeling the last couple of months, I'm using the fundamental climate as a catalyst for it come down to test the lows with a potential...
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists.
For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
Previous entry hit SL however I believe the technicals are still pointing north despite all this Greek Crisis news.
The gap downs have formed essentially a double bottom at valid supply (first gap tested fresh supply, second gap retested this area) forming hopefully an area of strong support. This is also enhanced by the fact that this is a zonal area for...
After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes).
Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place.
As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting...
The monthly chart is clearly showing an uptrend that has reversed from years of decline. The weekly is showing this in much clearer detail.
As of now price sits at the resistance area from the rally from the start of the year. Should price consolidate from here and then push higher breaking the thing yellow box, I am expecting a price target of around 2.1300. On...
Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year.
That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
The combining factors of BOJ easing, USD rally across the board and the upcoming events in the Euro makes for a weaker yen in general which means to be bullish on the USDJPY. The monthly chart confirms this and the picture is very clear on the weekly.
After the initial break out to the upside and then the subsequent consolidation the last 6-8 months, we are...
Despite the ongoing turmoil going on in Greece as we speak. I am expecting this sell off to continue going ahead in to this week. I'm abit late in to posting this despite already having a position in but there is still further downside pressure to be realized.
Am aware alot of people are still biased on this pair to the long side but clearly that upwards trend...
The Monthly n Weekly charts are showing bullish momentum as they're both bouncing off support levels to a possible uptrend. This is also confirmed in the Daily where I'm showing you the analysis which also shows the projection of both the target the CR levels above.
4 Hr chart. rejection by the downwards trendline, with a nice turnaround back to the short side. Will be watching this pair when the market opens very closely. Short targets of 1.215 and then 1.205
Happy Trading
Monthly chart, price has been in an upwards channel for weeks and weeks making for pretty simple trading entries.
However as we can see here on the Monthly price has now touched this massive past resistance level and we expect a significant bounce back from this resistance level
