This trader expected to see bottoming action on 77th day down as that was the given structure for Sugar. However while making this swing down it exceeded the last swing up both in Time and Price. Per trend rules, markets that overbalance in Price and Time are markets that shift in trend. Overall we traveled down for 3 lower monthly candles and so it's easy to...
It seems that easy to understand that price could keep moving down as some reasons: doubt in global production cut, inventories are still high, lower demand (less cold weather), holiday seasons (traders try to take profits!), etc. .
But in my own long-term view, I still keep bullish trend in crude oil price development. My view is based on the analyze/comparison...
As you may know or not, Gold use to have a seasonal drop Nov-Dec then to bounce up Jan-Feb.
Look at the chart and you will see how many times that happened, i am not saying it will happen now again, but there is a big possibility for that. I personally think it may have another drop before we can see a bounce up. In both case i am only looking for buy setups on...
There is a confluence of factors suggesting that gold is due for a rebound:
5y seasonality pointing to a bull short term window,
downside momentum fading, money flow bullish divergence.
Commercials are accumulating. We are near an important support.
Looking for the intraday breakdown... If my idea comes to fruition I think this could become a position trade. Seasonally November-December is unkind to pet rocks and paperweights alike.
Seasonality: "The period from November to April has significantly stock market stronger growth on average than the other months of the year. The Halloween effect was evident in 81 out of 108 countries in a research study using all historical data available. Importantly, the researchers also found the effect to be increasing in strength: Over the past 50 years,...
The soybean chart looks prime to push higher for the next 2 weeks. I recommend buying soybeans a 986.0 or better before the end of the week, and hold it until the end of the first week of November, or cover around 1028.0 or better.
Note how the last 3 years Gold's low is in November/December.
Note the low is always lower than June/July low
Gold made lower highs and lower lows, but 2016 is the trend change!!
Look for a low below June/July low between 1210 and 1170, for a big move in 2017
Seasonal tendencies indicates a low during October/November
Long Gold around 50% retracement of 2016 bullish move
Levels to watch for bullish price action 1210 and 1170
I'm playing BEAV short into earnings. Price reached a Weekly + Daily resistance at 46.37 today where I bought October 45 Single Puts. With the market going up IV is cheap across the board to go for the Singles rather than vertical spreads. Seasonality has BEAV going down in August and for the year thus far it has been following seasonal predictions by having...
BTCUSD has broken the Daily resistance value of 672 I've been eyeing since the bottom nearly two weeks ago. We had a period of choppy consolidation as was suggested by the daily chart being shocked by the volatility. I expect the retest of the high to go through July. Most probably the move to get through the High Retest zone will be on July 8th, a Friday.
Why...
