Futures are derivative products, that derive their value from the price movement of an underlying instrument such as Gold, Coffee, a Currency pair, a Stock Index or a Government Bond. They are essentially contracts with an obligation to buy or to sell an instrument (in a certain quantity) at or before a fixed time for an agreed price. Futures are traded at large exchanges that formulate the contract terms. The buyer of a contract holds a long position, the seller of a contract holds a short position. Futures have a finite lifespan that ends at a preset expiration date.
They can either be used to hedge investment positions (to mitigate the risk of price movements) or to speculate (to try and profit from price movements). Futures trading started 150 years ago as a way to manage agricultural production. Planting and harvesting cycles created swings in prices and futures contracts were created to manage that risk. They have evolved into the exchange-traded instruments we know today, which are a key part of the financial system.
1. We have already take all the oil long from 67
which gives us 400 + pips profit
2. now price shows bearish signal
3. trend line broken , structure broken
we can short oil now,
SL 72.82
TP1: 70.90
TP2: 69.00
Alert:
Do not enter if you dont understand the trading plan
Gold remains unchanged for now, from what has been discussed since several trading sessions. The yellow metal remains bullish for the medium term with prices poised to potentially push through $1250/70 levels. For short term wave counts though, probability still remains for a push lower towards $1185 support zone as highlighted on the chart as an alternate B. ...
Hello traders, and welcome to a new daily update regarding the German DAX.
On the Weekly time frame of DAX we see price trading in a nice and clear impulsive and bullish sequence up from 2009. We can see a nice five-wave movement up from the lows, with final wave (V) of a higher degree in play which can in weeks and months ahead take price towards the ...
For a long time I didn't look at oil, but I see that we are approaching a strong resistance line that begins in 2008. I also saw an rising wedge - a reversal patterns. We will see this fall until April 2019. I do not know with what it will be fundamentally connected, I do not much look at the fundamental factors. But the fact that we will fall I'm sure. We are ...
XAUUSD (GOLD) - CONSOLIDATION RANGE - SCALP AND SWING IDEAS
If the price doesn't break that minor zone or start to stall too much, then we don't have a trade. Simple as that. After all, we might be wrong, but we have an SL for that, RISK MANAGEMENT for that and patience is a blessing in this game.
USOIL hit the middle line of the channel now.
Is quite possible that it will correct down to 69 or lower position bfore making a new high like 80.
And our last signal to long USOIL is now under no risk , so just keep the 1/4 lot size to see what happen.
https://www.tradingview.com/chart/USOIL/x5gSdG68-2009-USOIL-is-going-up-to-hit-75-80-soon/
Less is more!
Gold is still stay inside the big blue channel.
Even though it rallied up one month ago when it hit 1173, it still cant break the blue big channel.
That makes it dangerous becoz sellers are gathering together again and buyers are losing confidence.
That small gold channel is considered as broken.
It will get me no surprise if it drop down from 1212 and make a ...
An update to this idea > https://www.tradingview.com/chart/USOIL/bBfpEqpk-Crude-Oil-Elliott-Wave-Idea/
I think we may have completed wave 2 at $67,90 (0.5 of wave 1) and now in the early stages of wave 3 towards $79, possibly nearing the end of wave 1 of 3.
If You have a different point of view Please kindly comment or post your chart image below and Substantiate.
*Note this my projection of price behavior and may be used for trading purpose, However CFDs are complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. All predictions are ...
The price broke Up key level $80.47, it wasn't there since 2014.
Most of the time, when exchange rate broke such key levels, it moves far higher, because big players need a lot of efforts to break such levels. It needs a lot of volume. They do it for profit, that's why they will move it up.
Safe entry with little risk and High reword, we can open after ...
XAUUSD Potentially Forming Gartley Pattern
attention: this is only a prediction. risk use returns to each individual. if my analysis is wrong, I am not responsible for your losses. and If there are questions please chat with me.
