TrainingTrader

TrainingTrader Updated 

Analysis: Price is now extended and we will begin shorting with a smaller position size. It is possible that price will continue its upside momentum thus the smaller position size for the initial trade recommendation. Short opportunity: Short at market reopening towards 0.53431 as Take Profit - 1 level. (Trade is already active) Despite being an active user of...

TrainingTrader Updated 

Dollar can now be seen as extended on the daily chart. Momentum towards the upside is too strong and not sustainable and a stall in price will likely happen soon and if lucky, a retracement. Short opportunity: At market as High Risk trade targeting 102.875 as Take Profit - 1 level

TrainingTrader Updated 

Analysis: Price has experienced a good run towards the upside and is now extended. Price is likely to experience a consolidation and if lucky, a retracement. Short opportunity: Short at market reopening as High Risk trade towards 80.61 as Take Profit - 1 level.

TrainingTrader

Analysis: Price began to turn higher as resistance at 632.0 is broken out of and now a support level. A retest confirmation at the 632 support region can potentially fuel price further towards the upside. Long opportunity: Retest confirmation at 632 support region towards 644.75 as Take Profit - 1 level.

TrainingTrader

Analysis: Price extends decline due to the release of the August USDA report towards the recent low, which was also formed due to the release of the July USDA report. Price can be seen as extended and with price now at support region, it is likely that price will begin experiencing retracement soon. Long opportunity: Long at market reopening as High Risk trade...

TrainingTrader

Analysis: WTI now lies at key resistance region as such potentially reversal can happen. However, short position should only be considered when the first support region is breached. Short opportunity: Breakout and retest confirmation at 79.04 region towards 73.82 as Take Profit - 1 level.

TrainingTrader

Analysis: Price extends to measured profit taking began retracing towards the support level at 23.68. Overall trend remains in a strong uptrend, thus, if price were to show any bullish or reversal signal at this support, long position can be taken. Long opportunity: Reversal confirmation at 23.68 support region towards 24.38 as Take Profit - 1 level.

TrainingTrader

Analysis: Price experienced a sharp decline after reversing from key descending trend line. If price were to fall to the next level of support, potential long position can be considered in anticipation of a minor retracement. Long opportunity: Reversal confirmation at 0.81396 support region towards 0.82002 as Take Profit - 1 level.

TrainingTrader Updated 

Corn experienced a sharp decline supported by the recent higher than expected stock report. However, price is overextended and is supported by the recent low support level. Long opportunity: Long at market reopening as High Risk trade towards 505.25 as Take Profit - 1 level.

TrainingTrader

The initial target for downside breakout of the 1984 region is met with Gold ended the week at key support region. The strong downside move of Gold can be primarily linked to the appreciation of the Dollar. With Gold being at key support level and the Dollar being overextended, there is a high possibility that the key support will hold and Gold will begin to...

TrainingTrader

The breakout of the 102.75 resistance level has met the initial target at 104.085. If momentum persist, the United States Dollar Index can push towards they key resistance zone at 105.0 region. The current upside momentum is extended with RSI approaching 70 and if price is to reach the 105.0 with the current momentum, it will be considered at overextended and...

TrainingTrader

Equities faced downside pressure early on the week but all was quickly recovered with the strong upside momentum of technology stocks. The S&P500 recovered most of the downside move and closed the week at the recent high. If upside momentum continues, the index can push towards the 4300 region.

TrainingTrader

Gold dip further primarily due to the appreciation of the Dollar. Price looks to retrace towards the descending trendline / 4hour - 50 EMA at around the 2000 region. If price reverses from the 2000 resistance region, price can look to trade lower towards the 1940 region. However, if price manage to trade above the 2007 region, price may continue to trade towards...

TrainingTrader

The United States Dollar Index overextends past the 102.75 resistance region last week. As price is now extended, the Dollar potentially may retrace towards back to the 102.75, now support region or even the 102.100 support region before heading higher depending on the structure. A retest confirmation may push the Dollar towards the 104.085 resistance region.

TrainingTrader

The S&P500 broke out of the range and looks to retest the 4180 previous resistance, now support. If retest is successful, price looks to push towards the 4300 region. However, if price fail the retest and falls back towards the range, price may continue to trades in the 4100 to 4200 range.

TrainingTrader

Gold retraces most of the bearish move but was unable to maintain above the 2045 level. Price fell back to last week low where price found support at the 2007 region. Price looks to consolidate between 2007 and 2025. A breakout of the 2007 support region can potentially push price more towards the downside, possibly towards 1985 support region.

TrainingTrader

The United States Dollar Index broke out towards the upside, invalidating both the descending trend line and the daily 50 exponential moving average (EMA). Price is met with resistance level at 102.75 which can push price back towards 101.54. However, if the resistance is broken through, we may see the Dollar push towards the 104.085 region.

TrainingTrader

The S&P500 continues to trade in consolidation with no clear sense of direction. Upside bias remains as we are trading near key resistance region at 4180, potentially waiting for a breakout towards the upside.