Platinum buy signalsPlatinum (PL), Monthly chart: 15 years long(!) support zone + Divergence on RSI(14) + Harami candle pattern. BUT we didn't break resistance line yet
CFD
US30 - READY FOR BIG SHORT? It is getting more and more obvious that Trump's Government have used trade war as a leverage to propel markets to ATH or higher (SPX) to this point. However, it looks like "all masks will come off at midnight" i.e. Sunday before futures open to reveal that it all was a big disguise. Trump's approval ratings going into election year are at record low. One thing that boosts popularity is a nation's solidarity in the time of war (trade or real or both).
Huawei was reportedly collaborating with Chinese army on R&D projects. Dead end for 5G in US. Trump will never lift its ban.
Two crucial trading days left. There will be a lot of news from Government officials about upcoming deal with Xi, but you know that that is method that they use "pump before dump". Watch out...
Tariffs, that is the only source of funds that can offset evergrowing US debt in Trumps opinion, not by much but to cap it somehow. If not Monday, but soon enough we will see additional tariffs in place on majority of Chinese goods. That will tank the whole market, but Trump will have a secret weapon to unveil at the time when everybody think that recession is at the door step - they will sell billions of Dollars to make it much more competitive among other currencies. That in itself will temporary boost the market.
For now, Monday the July 1st is our climax point. We shall see...
Good luck to all of you.
US30 - Trading near key support. Watch for more downsideObserved limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set to revisit ATH this week. If not, we are going to be capped by 26500-26700 range until Sunday futures open.
I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.
US30 - Consolidation ahead of G20US30 bounced back nicely this morning and manged to stay above 382 Fib. I've entered long at 26550. Trading carefully with a SL at 26500. Ultimate TP1: 26680, TP2: 26950.
-=Never give up=-
US30 - one of the last buy points before BIG SHORTNice bounce back from support SPX will probably dive a little further. As from my other post, I anticipate LONG at 26640-660 with stops at 26600. TP - ATH confirmation at 26900.
-=Never give up=-
US30 - Uptrend intact. Iran sanctions minorTrump exaggerated seriousness of sanctions against Iran. Considering that 80% of Iran's economy crippled by existing sanctions, new sanctions announced by Trump yesterday were aimed at heads of the Republic. Market reacted positively (as it's not a war), shooting up toward 26830.
Right now we are in range trading which will probably last until Monday, pending trade war negotiations with Xi.
Personally, I'm long from 26750 with SL at 26730. We are clearly still within ascending channel and prior to G20 might test ATH at 26900 with high probability as there is no negative news on the horizon.
-=Never give up=-
#GOLDStrength and support are specified
Patterns are marked
The time range is specified
The price is now on the resistance.
US30 - Sanctions on Iran, another chance to bearsAs always, Trump likes it to make important decision while markets closed or on weekends. This is market manipulation, probing waters with airstrikes days earlier and calling the off shortly after. Now we need to dump or release some bullish pressure to go to ATH or 3000 SPX.
This is not trade war with China, hence I don't anticipate any huge down movement at the open on Sunday. My scalp position will be set to 26515 with SL at 26460. We shall see tomorrow.
-=Never give up=-
OIL - A Little Throwback?!Oil tanker explosions, Iran admitted shooting down a US drone, crude inventories decrease - those are probably the major reasons why USOIL has made a pretty solid climb upwards.
It has climbed into a pretty interesting area where we can make a short-term SELL:
1. Previously worked support levels has become resistance.
2. Fibonacci Extensions
3. Fibonacci Retracements
4. 2006 Low (not so significant but still, one yearly low has been in this area)
5. AB=CD - D point is on the marked blue box.
6. The price has got a rejection from those levels and the rejection has ended with a bearish candlestick pattern called Evening Star, not a perfect because the previous two candles have been a bit tiny ones but the idea remains still the same.
On the top, we have also a Shooting Star and after that, the selloff has been pretty decent.
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Corn/USD Bearish Divergence- Corn have an exponential growth recent month. but i expect a consolidation after it hit the 2.618 fib line(golden ratio fib) area just like in 29 may 2019.
- Bearish Divergence sighted but it could be negated if the indicators could rise in a same level as a previous level high.
- expect a golden ratio fib, EMA and SMA as a potential support and resistance line.
peace.
DAX30 CFD about to enter bearish seasonal window–but the Fed...As we enter the start of the trading week the economic calendar is quite thin, so our focus will be on the technical and seasonal aspects of the DAX30 CFD.
From a purely technical perspective, the DAX30 CFD can be considered range-bound on an hourly time-frame between 12,050 and 12,220 points. The bearish tendency into the last weekly close gives the neutral picture a bearish touch, and a sustainable break below 12,050 points would likely be followed by a dynamic test of the region around 12,000 points, a drop below activates 11,900/930 points.
This bearish touch is underlined by a bearish seasonal window beginning today: over the last 21 years, the DAX lost in 16, or 76% of the cases 187 points between the June 17-25. In the other 5 years, the DAX gained on average only 48 points with a maximum drawdown of only 144 points.
But with the Fed rate decision coming on Wednesday and current rising speculation of a equity-friendly rate cut - which is probably also the reason for the dynamic break to new yearly highs in Gold last Friday - we consider anticipating a break lower in the DAX30 CFD to be too aggressive, and favour a short entry only if we get to see a clear, clean, sustainable break below 12,050 points:
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
#GOLDTime limit reached;
We have a divergence if we do not have a field;
Support is against the price specified;
candel has made a very good return,
GOLD/USD Is Looking BullishGold/USD is moving inside the ascending triangle Pattern and held above the current up trendline in weekly chart.
Recently it hit an upper line of the resistance. If the price action do retrace, I assume the current up trendline or fibonacci line would be a good bounce in price action and buy opportunity.
Indicators:
Macd line cross over with signal line for bullish signal for gold/usd. Histogram for buyer is also continue to building up.
DMI+ is above DMI- which current trend is bullish.DMX is still relatively weak (below 25).
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
dax - pullback sur triangle ascendant cassure haussière du triangle ascendant
en attente d’un pullback sur la précédente résistance vers 12 120
le marché est en configuration acheteuse :
le scénario le plus probable est donc une continuation de la tendance haussière
il faut surveiller de possibles opportunités acheteuses !
Gold/USD updateOn the weekly chart.. Price action is all above the Moving averages.
From DMI also look bullish, DMI+ spikes up above DMI- indicate a bullish trend. Keep in mind that DMX is still below 25 which is very low momentum strength for now.
it also possible it would broke the short term trendline within the symmetrical triangle and retest the yellow trendline below.
see the price value for the expected support also resistance.
DMI
As long the price action above the trend line extending yellow line. i think it will doing just fine.
this chart invalidated once it broke the yellow trendline or prolonged sideway
Peace.,
Intraday triangle Got in the breakout of the intraday triangle. The market is around the important support on D chart ~2650. Attempted to catch some significant correction up. Correction happened but not as big as I expected, should've just aimed for 1:3 R/R. My stop loss was under local lows of the triangle and the profit target is around the low on November 16.
(posted post factum)
WHEAT vs usd , Long Term perspective on the triangle : Up TrenDWHEAT vs usd , Long Term perspective on the triangle : Up TrenD
CORNusd CFd ; Long Term Perspective on the up Trend :Third EyeCORNusd CFd ; Long Term Perspective on the up Trend :Third Eye
SUGARus , long term perspective on the UP Trend : third EyeSUGARus , long term perspective on the UP Trend : third Eye
Corn/USD Bounce UpLooks bullish.. looking forward a retracement into +- 4 $ or emas line after it's challenging the resistance at $ 4.28
Indicator looks bullish, volume is rising rapidly.
DMI : +DMI is rising and -DMI is dropping hard creating a huge range between them, bullish also DMX is rising too.. bullish momentum is increasing
Macd : buy histogram is higher than the previous high.. bullish sign so far.
Volume MA is rising
