GodziBear

GodziBear

Gold is close to reach the very critical diagonal support around 1150. We'll see soon if the diagonal support will hold or not!

GodziBear

Gold now retrace and target to hit 1251, but I don't expect much. The gold is in correction mode, the SCTR in day view say much. Break-out of the bullish trend. Gold is in transition ! I stay bearish a mid term. Could hit 1190 soon.

GodziBear

This week we saw oscillation between 1284 and 1262, but what I pick up my attention is the break out of the 50's SCTR's 4h, not seen before the last big correction from 1330 and the break-out of the linear regression 4h. Mean that gold recovery and get more energy for the next move to reach the 1308 target. The mass Index is up to 10, on the perfect spot. Good...

GodziBear

The gold is trigged into downside channel since July 2016. But the down side channel is very close to reached the long term major blue uptrend support and if gold broke this strong trend support, that will mean that futur down weak is probable. But gold could surprise us and rebond on the short term orange support or the long term major blue uptrend support. As...

GodziBear

The support @ 1332 was broken this morning, Gold will retrace to his lower support @ 1324 and could be ended his fall to the lower wedge support near to @ 1313 if the @ 1324 support won't hold.

GodziBear

WTI will hit strong diagonal resistance (orange) very soon. If it pass thru, it'll mean very bullish signal, but the driving season is done and shut-down refineries are coming. Mean that is more probable that this resistance will down trend it to the next diagonal support. Let see what happen

GodziBear

Does the gold will brake the wedge and pass over 1360 ? If It pass, it'll go thru 1500 or back off to 1200

GodziBear

So much bull positions from the speculators, investors and fund have been put into WTI that now I suspect that they will whitstand the price for a moment. the money put into WTI is at level saw last summer year, they are bet into strong driving season, instead to wait and put presure to solve the glut problems. Technicaly, WTI has a bullish trend and passed thru...

GodziBear

Simple! It's just because that all the money speculator's is in the market now! The fire is in the house but they need some time to get out and find some fish to buy their positions at this price :) While this time, they will manipulate the price to push it higher as possible to sell their positions and take profit. After that, we will see the good sense take the...

GodziBear

Brent is into ascending triangle and loss momentum maybe a correction will appen soon. Next target could be 38.8

GodziBear

Long on the leg C-D but if the price fall when it 'll reach the resistance trend line, will mean that Bearish Bat Pattern is confirmed and the price could fall again below $40.

GodziBear

Long time that I posted ideal! Lot of conjuncture which bring the crude oil into this formation, I think that the worse will coming so far when the refiners will shut-down to make their jet fuel. The cushion storage are almost full up to 80%, the next shut down will nail the crude oil below $36. Before that, if crude follow Head and shoulder formation, it will...

GodziBear

We wait after trend confirmation to push away WTI to 67. Now, the crude make consolidation from all the bullish trend since March 18, 2015, see the time frame 60 that show all supports and resistances which was confirmed by the oscillators below. The support price $58 is very strong, If crude pass thru, that's will mean something. Otherwise, if crude pass thru...

GodziBear

WTI seam to drive between his two boundary between 58 and 67. Until that it break out the limit 58, it stay long and it will target to reach 67. Rule number 1, always trust resistance and support because it show you the real, ask and bid situation. Rule number 2, never try to predict trend, just follow it. A commodity is not a stock market, it doesn't have...

GodziBear

WTI is closer to extend the existing trend or brake the Bulls trend. See DMI oscillator and the draft colored triangles attached for DI+ and DI-. DI+ higher than 35 mean Bulls swing will coming again to reach 67 or higher. DI+ lower than 20 mean that Bulls trend is done for the moment. DI- higher than 20 mean Bears swing will coming to reach the lower resistance...