Crude: Long first, then SHORT !The slowdown in the world economy, especially the Chinese one, which is the country with the highest demand for fossil fuels, will have a negative impact on stockpiles, dropping the price considerably.
Institutional investors, and not, have started to bet downwards on both WTI and BRENT and it is very likely that this rebound is due to profit taking only. Moreover, to weigh on this scenario there is the choice of the United States to increase the extraction, compromising this sort of very unstable equilibrium that are trying to create the OPEC countries on a production reduction pact that seems to be compromised. Summing up, in the medium term we expect another descent with a target of $ 40.
In the very short term, however, the situation is different: at the technical level it has broken the dynamic resistance identified by the EMA20 daily and is aiming the next, most important, EMA200, placed about 5 dollars above the ema20.
In the very short / short period, we expect to reach the $ 60 area.
America
Apple, Buy Signal.We can open buy near $145 - $150
The price can move up to $180 - $185 because:
- Stock rate bounced from a very important level, 50% of the previous UpTrend (Since the 2012 year).
- Low risk and predictable stop Loss.
- Company earnings are growing.
After 75 like, I will write all entry end exit points. And places where is the best set Stop Loss.
USDJPY Warming up for a stop run and then DUMPThe Samurai are planning a surprise attack on Dixie.
So we have:
- A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high.
- Void left by the inefficient move down
- Confluence with DXY since it broke some lows recently, making it more bearish.
- The breaker I outlined above falls right on the .705 fib retracement for this whole move.
This makes it a perfect candidate for a short play once it reaches that .705 level.
I can see two targets here with decent R/R ratios, marked on the chart.
USD MXN rangingWe find this pair ranging, we are expecting a bounce off the bottom support line as we are expecting the USD to make a strong rally again next week, but we will be keeping an eye on this and Entry, TP and SL will be sent out to our clients as and when this trade becomes valid.
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Market slaughter housesIn this screencast and links below I expose what's going on in market manipulations.
In essence large organisations - who shall remain nameless - are busy buying back their own stock in an attempt to stabilise Wall Street and other markets. This is likely to give small investors a sense of security that they should buy stock. Price - to the minds of the big boys - is likely to move north as the small fish come in. Then the big boys sell off!! Oh sure - this is a gamble by the big boys. How big? Nobody really knows for sure. Estimates are in the region of Trillions of US dollars.
Yes the big boys have a secret 'war chest' with which to fight the markets. And the 'big' manipulate money out of the pockets of the poor. This is Corporate America - innit?
References:
1. Corporate buybacks keeping the markets afloat (at this time).
2. Why would a company buy back its own shares?
USD YUAN (US CHINA) FOREX BREAKOUT SOON (JUNE 22-23?) TRIANGLE*Horizontal triangle with a breakout by 23 June at the latest (apex).
The breakout could be either direction so pay attention to when the breakout starts in order to short or long.
The potential breakout could be gigantic so this along with bitcoin is one to watch out far.
Remember, make sure the breakout is trending (bullish or bearish) before investing or it may reverse.
As always, any and all feedback would be awesome!
EURUSD SHORT TO LONGEURUSD has clearly broken the 1.20 monthly res for a while. Right now its definitely looking over bought, so upon the next month I'm thinking we're going to be seeing those sells happening maybe back to the 1.20 res but most likely hover just over it at 1.205/1.21 I'll be placing buys at 1.21 with a TP at 1.27 then buy again to TP at 1.35 (6 Months+). In the short term be selling at this all the way to 1.21.
News will be playing a big role to switch the buy to a sell..keep on the look out and take the opportunity when you can!
All the best.
BCH Hints to Sell all to USDBy highlighting the lack of support to continue to push through the recent upward resistance (highlighted in blue) and drawing numerous resistance lines, we can see there is a strong support to switch from BCH to USD. You heard it here first.
Bitcoin ABCDE WaveThere are 2 scenarios in this chart:
1. The Elliot Wave completes with 5 being the longest and most powerful, in which case I'd expect the price to hit a new low, but not much lower. ~2800
2. We are in an ABCDE pattern and will finish the b leg of the B (Orange) wave, then start the lower descent to a new target of ~3225. The overthrow from wave E (Orange) will push us into a new low. ~2600
SPX near important price and time point
As i have said many times when we don't have any thing on left of the chart we will have to use Fibonacci, Price structure and channel or other tools like WD Gann analysis.
On hourly chart we can see that price is near 2 Fibonacci levels and moving sideways. With the side ways movement price came out of up trend channel. This indicates that buying pressure is decreasing and participants of market are waiting for clear trending move. trigger to movement can be anything.
We will have to wait for structurally price to close below earlier swing low. The move after that will be quick. Expected move can come in 1 to 2 weeks time.
If price moves up and closes above important Fibonacci levels then structure and Fibonacci levels can be used to trade.