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Macroeconomic Analysis And Trading Ideas

Expecting an intervention from the Central Bank of JapanLook at those beautiful channels for $FX:USDJPY. Last year, we had a strong uptrend from 115 to 151, and the central bank had to intervene strongly. We see another uptrend this year as well. There is a fight between the market and the central bank. BoJ had to make a move when the price reached to 144. But it seems market wants to push higher this. We potentially see another intervention around 148. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
by WhaleGambit
Intervention - Fatal Flaw in Capital Markets?In the news today is the Japanese Yen, as it approaches critical resistance at the 146 level. The market has steadily been making new highs on the daily level this year, having just exceeded the July high. As seen in the chart above the market has moved quickly through levels of resistance, now breaking a downtrend line from the major Oct 22' high. See below a quarterly chart, the Yen is making new highs at significant timescales, possibly threatening a breakout as the historical ceiling is much higher than the modern perception might lead one to believe. The need for intervention around the current price level has become a concern for the global investment community, since in September and October the Bank of Japan proceeded with heavy selling of US Dollars to support their currency at the 145 level. This was last reached in 1998, at the height of the infamous Nikkei bubble as equity market growth produced historic inflation. However there was no need, or thought for intervention then which begs the question of why it is seen as a necessity now. This is largely due to the degradation of credit markets around the globe, and the inability of central banks to produce productive inflation, meaning real economic growth. In 1998 the yield for a 10 year bond was around 2%, whereas outside the US negative interest rates have become common. See below as the yield for 10-year Japanese Government bonds has pushed against, and exceeded the imposed 'ceiling' since moving from negative interest rates. The attempts by central banks to "stimulate" investment by lowering bond yields has in fact had the opposite effect, since investors will naturally seek the highest return on investment . In the modern economyc, bonds and government credit are treated as cash, so as central banks buy sovereign debt they are absorbing and concentrating capital which historically has circulated globally across currency and asset classes. This has the effect of domestically creating deflation, as capital is less free to circulate, but internationally will create inflation as (in this case) investors are not buying Yen-denominated debt , leading to the Yen losing strength in FX-markets. So the level at which intervention is required to support currencies is slowly being drawn lower, as the Bank of Japan burns the candle at both ends. It is NOT possible in globalised, open markets to engage in both bond market and FX market intervention as one or the other must reflect the degradation of economic conditions. This issue cannot be resolved domestically as international capital dictates growth, and lowering yields is not a means to attract investment. The Bank of Japan has resolved to loosen control on bond markets, by allowing 10- year yields to settle on a market-determined fair price. However, price discovery has not been a relevant dynamic in credit markets for nearly 30 years. With FX already at critical levels, it is important to be wary of volatility as capital flows shift with respect to war, credit and equity bubbles around the world and so on. Europe and China, among others should also be under the radar for engaging in this flawed logic without international support for their currency. So long as the United States, backed by foreign reserves of US dollars, pushes the bill on interest rates this intense pressure will continue to be reflected in global financial markets.
Long
by FPS_Denny
2
Macro Monday 4 - Global Net Liquidity and SPX500Global Net Liquidity and SPX 500 Comparison The Global Net Liquidity (“GNL”) indicator provides an overview of how five major central banks liquidity provisions are collectively performing. This allows us to get a sense of whether global money supply is increasing (expansionary) or decreasing (contractionary). The GNL can provide a general indication of how much liquid funds are available in Global Bank Reserves. When there is increasing liquidity, lending in all forms to the consumer is less burdensome/restrictive for the Banks and thus consumers typically have access to more finance. If GNL is increasing this can indicate that more money is available to be lent by the Banks and spent by the consumer and businesses, and when GNL is contracting it can indicate less money is circulating and less funds are available for consumers and businesses which can negatively affect overall economic performance. GNL is available by searching for “Global Net Liquidity” in the indicator section on TradingView. Full credit for the GNL indicator goes to Dharmatech who created/copyrighted this specific indicator on TradingView. There are many Global Liquidity Indicators available on TradingView, some have more banks and metrics included, others less, this is just the one of the main indicators focusing on the big five central banks. I fully intend on making my own Global Net Liquidity Indicator which factors in the other forms of liquidity and other Banks for a more accurate indication. Whilst the impact of smaller global liquidity providers/central banks are less impactful, including them might just offer us an edge week to week. What is included in this GNL: We add the following: - Fed Balance sheet (WALCL) - Japanese Balance sheet (FRED:JPNASSETS) Converted to USD - Bank of China Balance Sheet (CNCBBS) Converted to USD - UK Balance Sheet (GBCBBS) Converted to USD - EU Balance Sheet (ECBASSET) Converted to USD And we deduct: - Reverse Repo Market (RRPONTSYD) - Treasury General Account (WTREGEN) The Chart Please acknowledge that this chart idea has built into it a speculative projection that factors in a number of generalized technical and fundamental considerations/reference points. Lets DIG IN! 1. From a TA perspective we are relying heavily on one data period from 2018 – 2020 on the GNL /S&P500 which is not ideal however a similar pattern from this period may be playing out in an amplified way at present for both. 2. From a general fundamental standpoint we draw a correlation to the Great Inflation period (1965 – 1982) but we hone in on the early years from 1966 – 1973 as these early years are similar to the high inflationary period we find ourselves stepping into at present. 3. In both 1 and 2 above the S&P500 went through significant price volatility which in both instances took the form of a megaphone pattern. Megaphone patterns have been showing up a lot in the market recently, Tesla being a case in point. Megaphone patterns are more common in volatile markets and can offer us traders or investors a structural framework to work within. Considering 1, 2 and 3 above we speculate that we may see a similar large megaphone pattern play out for the S&P500. This is illustrated in a previously shared chart called “A Crazy S&P Idea”. If you check this idea and hit play, you'll see we are currently tracking the 1966 - 1973 Great Inflation Fractal very closely. In summary: o In the past, long term GNL Contraction resulted in significant S&P500 Volatility. o In 2018 a sudden 8 month sharp 10% GNL decline as the S&P500 was continuing to new highs was an advance warning of a subsequent 14% decline in the S&P500. This is expressed on the chart as a Negative divergence. o A similar Negative Divergence is currently playing out. As noted the last Negative Divergence in 2018 took 8 months to complete. This would be Aug/Sept 2023 as a possible mid-term top under the current scenario after which we could expect a >10% pullback. It is important to recognise that the timeframes I am projecting and the price action are patterns that may play out as we find ourselves in similar but not identical circumstances. It is important that we recognise that this pattern may not play out at all. A few things are certain though, Global Net Liquidity is contracting, volatility is expected as a result and the rest is looking into the past for similar patterns to help anticipate potential structures as they evolve. One such pattern which seems plausible is the megaphone, however the S&P500 could be forming a parallel channel here or a different pattern altogether. Time will tell. If all I have done in the above chart is created awareness of GNL and of the current short term negative divergence, I think that is enough. The rest is just possible outcomes with absolutely no guarantees. I also hope that by reviewing the Great Inflationary Periods price action fractal that it can help frame in our minds just how much price volatility could be ahead of us. On a recent chart I shared which focused on the Yield Curve Inversion the maximum timeframe for a recession to commence once the yield curve first turns back up towards the 0% level is 22 months. The first definitive turn up was in March 2023 suggesting that the maximum window before a recession could potentially start is 22 months from March 2023 which is January 2025. Never has a recession taken longer than that 22 months to occur after the yield curve makes its first turn back up towards the 0% level. For this reason I have included January 2025 as the potential megaphone top. This also coincides with the megaphone fractal pattern from the Great Inflation Period. I am not saying that this is exactly how it will play out but there is some confluence in the timeframes. I hope you find these charts and their correlations helpful. It will be fascinating to see how these eventually play out. PUKA
SP:SPX
by PukaCharts
🔥 Bitcoin vs Money Supply: Massive Move On The Horizon?M1 Money Supply (M1SL): "M1 is the money supply that is composed of currency, demand deposits, other liquid deposits—which includes savings deposits. M1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash." - Investopedia The M1SL amount is important since it tracks the amount of money in an economy that is able to be deployed quickly into the economy. If people have more to spend, they will generally spend more as a result of this. When we take a look at the $ value of BTC divided by M1SL, the chart has been trading relatively flat since December of 2017. This means that Bitcoin has not gained substantially against the central banks' money printers. On the other hand, it appears that BTC/M1 has been forming an inverse Head & Shoulders pattern over the last 5.5 years. Assuming this pattern will play out, BTC will continue to gain against M1 and break out of this 5.5 year consolidation pattern. Assuming that M1 will continue to increase (like it always does), this would mean that BTC will see another 2016-2017 scenario in the future where it will see exponential returns and potentially even do a 100x over the next few years. This scenario is not the most likely scenario to play out, but it's definitely an interesting one. Hope to hear your thoughts in the comments 🙏
BITSTAMP:BTCUSDLong
by FieryTrading
21
BULLISH MOMENTUM! Clear confluence, Read below. NSE:CENTRALBK Date: 03/07/2023 --- Disclaimer: This is just my observation, please do not consider this idea as financial advise. It is important that each individual should due his/her own due diligence before taking a financial decision, more so in the money markets! --- The uptrend seen in the chart is reflected in the RSI. This indicates a good upward momentum. This is by using RSI as a momentum gauge rather than a "overbought and oversold" gauge. The trend has bullish breakthrough in the triangle pattern. After the recent bullish change of character, we can see that today as of me writing this idea, there is a bullish break of structure. This provides a strong chance of bullish momentum in the coming days. The price has tested the 21 and 50 day SMA's and risen past it in the past few days with stride. Price is still in the mid discount zone. Decent entry point. The above points proves a confluence of bullish momentum Take profit would be taken in reference to previous highs as this would serve as a passive resistance zone. TAKE PROFIT 1 = 31.2 TAKE PROFIT 2 = 33.4 TAKE PROFIT 3 = 34.5 Advisable not to go beyond as the area is not strongly tested. Good luck!
NSE:CENTRALBKLong
by surajnagesh
3
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook: The coin following the completion of the Inner Coin Rally 30500 is gyrating between the newly created Mean Res 30800 and Mean Sup 29900, suggesting its higher price advancement. The upcoming primary target is Outer Coin Rally 31700, along with Key Res of the same price. We may be experiencing a brief pause before the next Outer Coin rally, 34000, based on the current trend. Alternatively, prices could drop significantly to Mean Sup 28700 before rebounding.
BITSTAMP:BTCUSD
by TradeSelecter
Daily Market Analysis - TUESDAY JUNE 20, 2023Investors Await Central Bank Actions Amid Global Economic Concerns and Uncertainties Prevail Today events: USA - Building Permits (May) USA - FOMC Member Bullard Speaks USA - Housing Starts (MoM) (May) USA - FOMC Member Williams Speaks Eurozone - ECB McCaul Speaks Eurozone - ECB's De Guindos Speaks On the evening of Monday, following a public holiday, there was a slight decline in stock futures as investors braced themselves for significant speeches expected from officials of the Federal Reserve (Fed) and members of the Federal Open Market Committee (FOMC) throughout the week. This anticipation added to the prevailing uncertainties and lack of clarity that characterized the previous week. In the United States, the inflation data was considered acceptable but not extraordinary, prompting the Fed to temporarily halt its actions while projecting multiple interest rate hikes in the future. In contrast, the European Central Bank (ECB) raised interest rates and emphasized the potential for further increases. Now, all eyes are on the Bank of England (BoE) as it confronts the formidable task of managing the current situation. Despite the efforts of the Monetary Policy Committee (MPC) to maintain control, there exists a looming risk of inflation spiraling out of hand. Among the major economies grappling with the dual objectives of taming inflation and ensuring a smooth economic transition, the United Kingdom appears to be encountering the greatest challenges in effectively attaining these goals. GBP/USD daily chart An intriguing observation can be made regarding the GBP/USD currency pair. Despite retracing from its recent peak around $1.28, the pair has still managed to register a notable 3% gain over the past month. Notably, the British pound has also exhibited strength against the euro, appreciating by more than 1.6% during the same period. This is particularly noteworthy when considering the past situation in September, where the pound was nearing parity with the dollar as UK Gilt yields surged. Presently, it is trading close to the $1.30 mark. This suggests that the foreign exchange market does not currently reflect a prevailing perception of an imminent economic disaster for the UK. In the realm of EUR/USD, Tuesday presents challenges for the currency pair to gain significant momentum. It remains confined within a narrow trading range, with the pair hovering just above the 1.0900 level during the Asian session. US Dollar Currency Index daily chart Following its recent decline, the US Dollar (USD) is currently in a phase of recovery. Last Friday, it reached a low that had not been witnessed in over a month. However, the USD has been displaying a gradual strengthening trend for the past three consecutive days. This resurgence of the USD poses a challenge for the EUR/USD currency pair, causing it to retreat to the latest level of 102.55. EUR/USD daily chart However, despite the prevailing challenges, the downside for the EUR/USD pair seems to find some support, at least temporarily, thanks to the hawkish stance adopted by the European Central Bank (ECB). The ECB's optimistic outlook serves as a factor that mitigates the potential decline of the pair. Furthermore, the current subdued sentiment in equity markets works in favor of the US Dollar's role as a safe-haven currency. This situation, in turn, limits the upside potential for the EUR/USD pair. Concerns regarding a potential global economic slowdown, particularly in China, cast a shadow over reports of China contemplating a comprehensive stimulus package to bolster its economy. These worries continue to dampen investor sentiment. Even the recent decision by the People's Bank of China to lower the one-year and five-year Loan Prime Rates (LPRs) on Tuesday fails to alleviate anxieties or provide significant momentum to the major currency pair. It is noteworthy that the ECB has recently raised interest rates for the eighth consecutive time, propelling them to the highest level witnessed in 22 years. The central bank has also emphasized the necessity of further rate hikes to attain the Eurozone's medium-term inflation target of 2%. XAU/USD daily chart In contrast, gold has undergone substantial volatility in the preceding month. Despite the dissemination of recent data and central bank determinations, this precious metal has remained confined within a narrow price range of $1,940 to $1,980, demonstrating minimal signs of breaking out in either direction in the immediate future. Nevertheless, it is important to recognize that market conditions can swiftly shift. The current week is particularly eventful, as it is characterized by a flurry of central bank interest rate decisions and a multitude of speeches by Federal Reserve officials. These upcoming events have the potential to introduce new dynamics and variables into the financial markets.
by FOREXN1
11
BTC: THE 47K BREAKOUT VIEW by 2023This update demonstrates the price action trend of BTC, indicating potential future movements and possible breakout points. The price action at 29,600 suggests a high likelihood of BTC breaking out toward the target of $31,000 and the price action further to $40,000 From a technical perspective, it appears that 47,000 could be a significant target in the near future. We observe a similar pattern to the previous surge at the end of 2020 and the beginning of 2021 as the chart shows. The bullish trend consistently produces noticeable effects. Once the actual breakout commences, we can expect increased movement in the price action, along with higher trading volume. We expect that this can be the start of a new higher volume on the price action of BTC. Out of this, there should be always a plan, markets can show unexpected views. Further BTC can have more effect in the coming time, than most of the altcoins.
by Goldenbreakout
2
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook: The coin has invalidated our completed Inner Coin Dip 25800 and Mean Sup 25700. Doing so opened the down trading area envelope to Outer Coin Dip 23950. However, a reignited rally might take us to Mean Res 27300 and Mean Res 28250, respectively. Trade Selecter will closely monitor any updates and share any valid confirmation with you. (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30) .
BITSTAMP:BTCUSD
by TradeSelecter
Inflation & Geopolitical Context should support Gold in MidtermNonetheless, Q1 2023 gold fundamentals were still interesting and most likely, the Central Banks' interest in gold could continue for much longer. In our view, the current inflationary and geopolitical environment will still support the yellow metal in mid-term, at least for the next 12-24 months. Gold Demand Trends Q1 2023 (Mixed picture for gold demand in Q1) Continued momentum in central bank buying and resurgent Chinese consumer demand contrasted with a negative contribution from ETFs and weakness in India. Q1 gold demand (excluding OTC) was 13% lower y/y at 1,081 tonnes (t). Inclusive of OTC, total gold demand strengthened 1% y/y to 1,174t as a recovery in OTC investment – consistent with investor positioning in the futures market – offset weakness in some areas. Demand from central banks experienced significant growth during the quarter. Official sector institutions remained keen and committed buyers of gold, adding 228t to global reserves. Bar and coin investment gained 5% y/y to 302t, concealing some large regional variations. In contrast, net negative demand for ETFs, although modest at -29t, generated a hefty y/y decline compared with the sizable inflows seen in Q1’22. Global jewellery consumption was virtually flat at 478t. Jewellery fabrication exceeded consumption as stock building added just over 30t to global inventories. Gold use in the technology sector continued to suffer from the challenging economic climate. Demand slumped to 70t – the second lowest quarter in our data series back to 2000. Modest growth in both mine production (+2%) and recycling (+5%) led to a marginal increase in Q1 total gold supply to 1,174t. The uptick in recycling was largely a function of higher gold prices. The LBMA Gold Price (PM) averaged US$1,890/oz during the quarter, marginally higher y/y. The price was over 10% higher than the previous quarter’s average, almost matching the Q3’20 record high. China saw a strong relief rally in the first post-COVID quarter of unfettered consumer spending. The recovering domestic economy and healthy income growth reignited domestic consumption, while the eye-catching gold price performance spurred investment interest. Indian demand fell sharply as local gold prices applied the brakes . Record high – and volatile – domestic gold prices discouraged both investment and jewellery consumption during the quarter. Investment dominates the outlook for 2023. We continue to see healthy upside for investment this year, while the picture for fabrication (jewellery and technology) is more muted. Further robust central bank buying is expected, albeit below 2022’s record. Modest growth is likely in both mine production and recycling. In conclusion , in addition to waiting with confidence for Q2 data, in short term the gold price could be slightly high to increase institutional appetite, but we think that any downward peak will be seen by Central Banks as an interesting opportunity to add value to their reserves. Conversely, but only in the short term, speculators could lighten some positions by taking part in the profits. Technically speaking , in near term, gold could trigger some bearish consolidation as we have shown in our previous analysis. (Click & Play on chart below to follow it) Trade with care! Like 🚀 if my analysis is useful. Cheers!
OANDA:XAUUSD
by TheAnonymousBanker
2
Natural Gas - Set to Fly High with the Dollar?Weekly Long Position on AMEX:BOIL A new major low was observed in this market on May 30th The security of interest is $NYMEX:NG1!. Using a leveraged product AMEX:BOIL to gain exposure to a potential short-term movement, as a continuation of a long-term trend. See below the chart of $NYMEX:NG1!. Commodities, equities, and other assets priced in US Dollars are subject to relative foreign-exchange changes, as realisation of risk is highly complex in globalised markets. The price of NYMEX:NG1! represents some relationship to an almost infinite supply of financial products, as capital moves around the interconnected world. For example, Iran is not apart of SWIFT and must exchange assets to engage in trade with other nations. Their crude oil is paid for in gold. However the 'zero-risk' benchmark for both these commodity products, NYMEX:CL1! and COMEX:GC1! , are priced in US Dollars. As the relative strength of the US Dollar fluctuates, asset prices too will fluctuate even without alteration to any of the fundamental dynamics of the market in question. Martin Armstrong has established himself the foremost expert on 'Capital Flow Analysis'. See below the chart of COMEX:GC1! , FX:USDCHF , ECONOMICS:USCPI Important to note is the lack of direct correlation between Gold priced in US Dollars, and US Dollar domestic inflation (CPI). Contrary to the assertion of many analysts, gold responds directly to sovereign-related risk. The 'relative-value' of gold at the time of each major high reflects price discovery across all asset classes, though we can only view one time-price continuum on a chart. With that in mind, see below the chart of TVC:DXY and a few commodities. All these markets demonstrate various correlations to one another, there is a general trend that can be observed. As the capital flows persisting from Feb 2022 onwards reflect a shifting global investment outlook, towards high-quality assets. Over the course of the last few financial crises, the safe place for capital was US sovereign debt, in the form of Treasuries. As the plumbing of the two-tier global banking system is operated by the US Federal Reserve, highly liquid money markets keep the USD afloat in times of financial stress. However, this has not always been the case. During the Great Depression, the contraction of capital (deflation) was so severe that physical, paper US Dollars were the global asset of choice for security. Capital formation could continue once the price of gold was un-pegged from the dollar, to properly reflect price discovery in the newly minted global economy. Energy markets have become particularly chaotic over the last 16 months, as Russia plays an important role, particularly in Europe where a network of pipelines has become a security issue. Heavy sanctions have been placed on Russia, as well as an outright ban of a large quantity of its exports. Russia, having control over Ukraine's direct access to the ocean, has returned the favour. Resulting in a disruption in markets from wheat, and lumber, to gold and neon. With the Nordstream projects in critical condition, Europe's energy fragility should be of great concern, both domestically and to its allies. Among the sanctions, is a 'price cap' on the price of crude oil for export at $60/barrel. See chart of NYMEX light crude, and European brent crude. For those not aware, these represent relatively "raw" product exchanged on global markets. Crude must be refined to produce products like gasoline, diesel, lubricants, etc. As with any attempt to artificially manipulate the price of an asset, this presents arbitrage opportunity. Since December when this was imposed, China and India have reportedly been buying Russian crude, refining and exporting it. Russia has spent years purging US Dollar exposure from its energy markets, as war in the Middle East has steadily grown tension between the two powers. Foreign exchange markets are very sensitive to volatility, and can respond unpredictably to major shifts in trend. The consequences of capital moving around the globe quickly can be devastating, see FX_IDC:USDRUB , TVC:US10Y , and TVC:MOVE the US bond market volatility index, compared. All markets must respond to price action, as real risk remains deeply concealed. All while this is going on, global shipping has become significantly more expensive. Meaning the logistical element of global energy markets has become very convoluted. From cheap oil sitting on tankers, to arbitrage of diesel products, to ships transferring oil between one another to conceal Russian oil, to leveraged oil ETFs, the dynamics of NYMEX:CL1! have become almost unfathomably complicated. So to return to NYMEX:NG1! , the value of this product lies in simplicity. The current price can only be assumed to properly reflect global monetary conditions, as a dramatic correction can be observed. The art of business, is buying what nobody wants and selling it when everyone wants it. So much focus in finance at the moment is pointed towards the Federal Reserve and its attempted manipulations of the interest rate on US Dollars. Why this is taking place however, is a subject that has avoided capturing attention. The Federal Reserve is attempting to combat WAR INFLATION by creating deflation domestically, supported by capital flows from abroad. Flight to quality will take place independent of any institutional power, by offering a higher rate of return on Treasuries the Fed is more likely to be able to reduce its balance sheet, and support NATO's war efforts. In order to pay troops, send equipment offshore and make loans to Ukraine, capital must leave the borders of the United States, to the sum of trillions, creating massive inflation globally. So to clarify, global capital is fleeing towards the United States. However, the only sources of capital formation in the United States are financialization, and war. Stagflation, thought to be impossible, has returned to the world. As such, equity and asset prices can continue to rise, without actually rising in relative value globally, since the same will occur in the sum of tanks, aircraft, etc, moved around the world. A zero-sum game. The fact of the matter is that the world is going to need natural gas - and a lot of it at that. The current domestic investment climate can't adequately adjust for this, the dominant psychological trends in markets push capital down paths which are facilitated by political means, for example 'Environmentally Safe Governance'. Exploration of gas reserves and extraction of energy products has become very unpopular in the last decade, to the unfortunate dismay of anyone who hopes to drive car or live in a heated home in the next decade. Of note, that besides the US and Canada the largest producers and exporters of natural gas are apart of, or close to the influence of BRICS. Any global conflict which takes place, will first manifest itself in global financial markets, and there is lengthy historical precedent for this. Europe, which has its gas supplied from abroad is completely exposed to market energy prices, as well as the logistical risk of actually supplying said gas. A precarious position to be in, as war knocks on their door. Immediately after Russia's invasion of Ukraine, the world saw a vision of the future flicker as gasoline prices skyrocketed. Reality as we know it in the industrialised depends on simple global logistics, and cheap energy prices. Both of these constructs are crumbling very quickly, and cannot be resolved until a settlement is made between Ukraine and Russia. Money printing and sanctions cannot make more natural gas appear, nor get it across the ocean cheaply. I propose a trade on AMEX:BOIL , to gain exposure to volatility in Natural Gas markets. Lines of support/resistance represent the arbitrary price points I suggest may be relevant, and can be used for entry/exit and position management.
AMEX:BOILLong
by FPS_Denny
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 9, 2023Technical Analysis and Outlook: The coin has reached the Retest Dip price furiously banging on our completed Inner Coin Dip of $25,800 and Mean Sup $25,700 with follow-up today (Sat., June 10). However, we anticipate a significant shift in the market with the Restart of the Pivotal Rally, which could lead to a return to the mean Res $27,300 or even Mean Res $28,250. In the event of failure, the Continuation of the Down Trend will target our Outer Coin Dip of $23,950.Viewing the Pivotal rally prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook: In this week's session, the coin has achieved the projected prices of Mean Res $27,500 and Mean Res $28,750 as outlined in the Daily Chart Analysis for the Week of May 26. Based on the current price action, the coin will likely test the Inner Coin Dip of $25,800 and potentially make a significant drop to the Outer Coin Dip of $23,950. The upside potential will address the Mean Res $28,250 as a ''Do That To Me One More Time''.
BITSTAMP:BTCUSD
by TradeSelecter