DXY weekly, possible head and shoulders. FOMC Tomorrow will send it lower? Powell said 2 raises this year from previous 4. I think they keep dovish tone, until economic data is better. Consumer sentiment was 120, compared to 124. Oil looks really good, gold has quite a run already. I am in 1/3 pos $UWT and $Nugt. Sanctions against Venezuela could be bullish for...
This is the support and resistance levels for UWT in it's the current range. I'm keeping a close eye on this one....
The Major Pivot Stack that was in place last week has turned into an Almost Super Pivot Stack. With the expected price breakout now underway, look to get long on a limit order, preferably around 13.53. If the market opens relatively unchanged you could enter at market on open. Once in the market, place the stop loss at 9.62 at the bottom of the Stack and a...
This potential looks like a cup and handle pattern, curious what others thought... I do think it may be a fake out and will drop below $10
Idea : Recently broke above Res1 and pulled back. If support can hold we can climb higher. Support : OPEC recently agreed on a cut in production. Support Links : www.bloomberg.com www.reuters.com finance.yahoo.com
Although it is harmonic pattern or flag, it is good for long in short perioid
$DWT chart considerations. Under 9.50 is very challenging area for longs. USOIL WTI $CL_F $UWT $USO #Oil
My best guess is the green highlighted area shouldn't be viewed as a "Bounce" zone. Instead, I think this will be the area where accumulation will take place. It'll take a few weeks and a few failed breakouts, so don't worry about missing the bottom. You'll have a few...
Potential Nat Gas Price Action for the Next 2 weeks
Current Price at Posting: 54.69 Directional Bias: Long Price Target: 57 Good Entry: 64-64.3 Risk/Reward: Max of 30 tick risk / Potential Reward of 200+ ticks. Trade Idea Invalidation: Hourly Candle close below 64
After a 10 straight drops, oil finally at support based on my indicator. As long as the support holds, long oil. TP: 65
Let's see if this crude bounce can pan out.
Previous Oil long idea did not end up reaching the target - let's try again. Along with my SPY trade idea, I believe oil is due for a nice rally, even if in a counter trend capacity. Directional Bias: Long Price Target: 72 Good Entry: Breakout Above 68.5 or another retest of low 66 area. Risk/Reward: Risk no more than 100 ticks/ 300-600 tick potential reward
Directional Bias: Long Price Target: 72.5 Good Entry: 69.00-69.35 area Risk/Reward: Risk of 50 ticks max on this/250 tick reward Below 68.5, trade invalidates. Let's long this above 50 ma on 15 min charts (red line on charts).