Dollar index is at strong ressitence and on the other hand, we can see, that many pairs XXX/USD seems very bullish. This pair, EUR/USD, is at strong support zone, current downtrend is weak, slow, however it may continue for some time, but i am quite convinced, that it won´t go through whole support. Long term trade for several weeks - months.
AUD/USD had massive downtrend during whole 2018, however the powers of bulls and bears are equal right now, price created falling wedge, we have big support below us, so I think it´s just matter of time, before uptrend begin and we should go to the point of control at 0,77. Also COT reports show us, that american dollar is very expensive, on the other hand...
Elon Musk´s TESLA will have nice period during next weeks, because there are many factors suggesting potential grow. We had nice bounce from support 265, we are also in last wave of the falling wedge. There is strong trendline and support below us,and we can see nice bullish divergence at commodity channel index, so uptrend shoud start very soon.
Grains were/are in quite strong downtrend, however bears are getting exhausted and ZS might be the top performing asset in grains. We are above huge support and bounce from that support was decent. COT report is extremely bullish + seasonality data are telling us, that price of soybeans should grow during the summer. I am only waiting for breaking the trendline...
Trump´s tweet politics is kind a obvious -> if he wants retail to panic and start to selling, he tweets about some problems with China trade deal, so he can start BUYING retail money. American stocks are of course highly correlated with other stocks and German stocks are in the nice uptrend and DAX is above big support + above trendline and we could reach 12800 in...
Cardano is obviously in nice uptrend and current short term downtrend is very weak, with low and decreasing volume. Very strong support is at 1400 - 1300 satoshis, I personaly have limit orders in that grey box. My target will be at 1850 satoshis, stop loss slightly below 1300 satoshis, so RRR is over 4,0 and that very, very nice.
Cardano is heading to such a strong ressistence level + we can see bearish divergence at almost all time frames + buying volume is declining + I think BTC will dump very soon. So if I put together all these factors, I think we could go down very sharply and test level of 1100 satoshi. However it´s trade against main uptrend, so I am careful with that trade.
Lean Hogs are moving by strong seasonality - after grilling season ends (usually at June to August) the price usually goes sharply down. After that big move, price usually goes up until end of grilling season. Price is also at historical strong ressistence + COT report is also extremely bullish ( it shows us positions of biggest players in the market).
Wheat created some sort of triangle and I think it will break downside because: a) we are under huge ressistence b) point of control is at 431 c) seasonality - price of wheat historically goes down from January to June.
Nice bounce from support and I think gold is ready for final wave up, up to very strong ressistence at 1355 and if I consider currect situation at stocks markets, it makes sense to me, that there will be another leg up for gold.
Buying volume is decreasing and i think, it won´t have enough power to get over strong ressistence and we might test the temporary bottom of this downtrend, to create big "W" bottom.
Seems like break out of falling wedge, almost identical move like in December 2018. My target is on POC, 68 dollars.
Platinum bounced several times from big support level and I think the main trend has already shifted. I think we will test ressistence at about 850 and then it will take some time before price will be bouncing between 900 - 1030, but it is just matter of time, very nice setup IMHO.
Copper is in strong uptrend, now we can see triangle formation, which should break upwards. Target is in strong ressistence at 2,99, where I would expect some correction.
We can clearly see declining volume and price goes up = weak temporary uptrend + heading to very strong ressistence = we can easily test levels of around 19000.
We can see nicely formed head and shoulders, but not sure if they will play out, however i don´t see enought strength to go through strong ressistence, so we should bounce back to 2,56.
Palladium is already 3 years in huge uptrend and we didn´t see any correction down almost for 7 months. We can cleary see, that volume on sell was recently higher then buying volume so I think we will see double top and then we should AT LEAST test local support at 1270, but I think we could go much lower. Palladium is mainly used in catalytic converters in...
Oil doesn´t have any fuel to get over the big ressitance 54,5 - 56,5, besides we are in falling wedge and we should go back to point of control 51,5.