5.13.24 Looking for trades in the ES. possibly coffee. There's a chance that oil may move higher. Generally contracted markets are harder to trade than expanded markets... but some traders may feel there's less risk if they stick with the contracted markets... but this is probably not going to be a good way to trade because you want markets that really move...
Today's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal.
Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative...
🎯The chart is pretty self-explanatory as always!
🎯If I were you, I would keep an eye on this shiny metal.
🎯 With increasing turmoil over the globe, Precious metals are becoming lucrative.
🎯 Beautiful consolidation structures
Share your thoughts below!
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions....
I revisited silver futures lately and noticed a double three wave pattern unfolding since Sept 2021 as the 'B' wave. We can break down this 'B' corrective wave as a W-X-Y wave, with W as a flat, X as a contracting triangle and Y as a single zigzag.
I believe this B corrective wave for silver is completed and it should be on the path of an impulsive 'c' wave with...
Along with its cousin COMEX:GC1! Gold, is sharing similar characteristics of their respected moving averages as well as volume criteria needed to confirm upside potentials. With also an Inverse H&S on the chart, I have reasons to believe this precious metal price could increase
Continue STRONG DOLLAR and Wait above ALL TGTs in This Week......
Trade and Sell Max - Gold+Silver+EURUSD+GBPUSD....
Trade and Buy Max - USDJPY+DX.....
Gold June Futues - 2395.90 range to 2350 2325 2280....
Silver July Futures - 29.942 range to 28.500 28.000 27.000....
EURUSD - 1.0881 range to 1.0768 1.0724 1.0600....
GBPUSD - 1.2684 range to 1.2582 1.2446...
If you are trading Silver, you need to see this video. Be prepared for a sideways melt-up in Silver while the dual Flags play out.
Gold will likely move more aggressively than Silver. But Silver will give you two or three opportunities to buy into the lows.
Pay attention.
silver on multiyear breakout, it has succesfully crossed 800000 level , tetested and now up again for 120000 target. chart is making inverse head and shoulder pattern
Gold (June) / Silver (July)
Gold, yesterday’s close: Settled at 2331.2, up 22.6
Silver, yesterday’s close: Settled at 27.614, up 0.924
It is easy to get stuck in the forest and miss the trees. This is especially true when a trend turns violent. In such a pullback as sharp as we have seen across Gold and Silver futures it becomes ever-important as a risk...
If you are wondering why #Silver is freezing up...
All you need to do is look at its quarterly chart.
I can't over emphasize the importance of the wall at 27$.
11 times it was denied, making it a critical level.
Bullish momentum is putting upwards pressure on it.
These levels offer guidance for traders interested in trading Silver MCX Futures in May, providing specific entry points, target prices, and stop-loss levels to manage risk.
Range Point: 80,680
Day Range: 958 points
Buy Above: 81,034
Average At: 80,921
Buy Target 1: 81,272
Buy Target 2: 81,638
Buyer Stoploss: 80,715
Sale Below: 80,808
Sale Target 1: 80,088
Sale...
In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio.
Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position...
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