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...
🎯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....
This is not to be taken as a trade. You may use it as part of your collection of 'research' before making your own decision, however.
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These are explicitly the "best-case scenarios" near term.
You can think of the red line as an increasing 'stop loss,' or better put, validation line. So long as the price is above the line, paths such as these are...
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...
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...
Gold (June) / Silver (July)
Gold, yesterday’s close: Settled at 2394.9, up 35.0
Silver, yesterday’s close: Settled at 29.729, up 1.027
Gold futures secured the highest settlement since April 19th, while Silver took out its April high settlement and traded to the highest level since February 2021. Despite the underlying strength and a terrific week, one could...
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
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
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...
