Copper seems to have created a wedge out of the downtrend channel, will be interesting!
This analysis is for the next month to two moths over looking Natural Gas. With the rises in Rig counts along the coasts of the United States, the U.S. rig count rises by 6 to 933 for a 22nd consecutive weekly increase, according to the latest Baker Hughes survey. natural gas rigs added 1 to 186; last year at this time, there were just 337 active U.S. oil rigs...
1/4- CCI Crosses Green MA 2/4- CCI Crosses Red MA 3/4- Green MA Crosses Red MA 4/4- Awaiting Cloud Break The CCI crossovers have occurred early, this is a great signal of upward pressure building that will hopefully push it trough the cloud with ease.
CCI beginning to look at crossovers but need to wait for cloud to test and fall
Watch for zone breakage in positive direction or rejection, area is a high value area of price movement. CCI still has upper room above its head and has not made contact with the top of the main channel yet so a break up is likely. still rejecting cloud nicely as it keeps touching the top. Short to enter soon by end month at the latest if all goes south.
Two clear zones are seen here, Darker Blue represents a tough area of positive and negative fights. Light Blue represents an area where there is no clear winner or loser. CCI does not have much room under its toes so reversal upside is a plausible case here, will wait on all four needed crossovers to occur first before entering the trade.
Tones on Volume-based support from this area, could be a support but CCI still looking down at all of the space it has under it. Will update whether trade goes North or South.
Silver has breached the cloud as well as the trend line with ease, we are also seeing that all three crossovers have taken place on the CCI which is a signal to long.
I have had many questions about my chart and how it functions. To start off with this I'd like to say that it has only been tested with major forex pairs and major commodities. When I first started out on tradingview I didn't do what the number one thing every new trader should do and that is study and learn. this was a big problem for me because I didn't know how...
Silver now showing Intrest in heading up to 17.5-18 range possible after seeing two of three crossovers needed from the CCI as well as it making a streaky climb in the cloud. Current resistance level will provide confirmation and confidence in possible long if broken. Will not be surprised to see third crossover following breakout of the cloud and trend line.
UCAD indicates with the the CCI having three crossovers from the cross of both EMA lines and then EMA crossover, combined with pressure from cloud as it bounces to the end of the cloud where it gets thinner we could see UCAD fall as much as 1.35099
Short Opportunity coming up for UJ, waiting on confirmation of the CCI to crossover with the 35 and 75 EMA as well as a break through the cloud, updates to come if any rejections or crossovers occur on the above listed. Happy trading! DISCLAIMER: My charts are purely from my analysis. Any trading decisions that you make on using my charts are solely your...
With most precious metals and energy commodities falling over last week, every last one of them has been working their way back up gradually, and it looks like silver is taking its turn to climb back up.
USOIL knife is aiming to probaly go sideways through thin cloud resistance. If so I see 50 in the near future.
USOIL for the next week, strong cross on conversion line (blue line), great US Data, MACD possible turn around, all in all OIL is entering a bullish trend.
With $GBP/CAD at such high levels, CCI crossing over, the only challenge for it will be to break through the cloud.
Silver in a past supply zone stretching from last low as seen. 16.8 is a major test of support. Watch though for a break because it will still be within the zone and possibly retest 16.8 as a resistance.
Super hyped! USOIL broke all nessasary points except a cross on the ADX indicator (top left). If it breaks the MA set for it then trade will be active. Will update if and when it does break because indicators do not update.