The great 2022 rotations. Tech/Crypto -> AgricultureThe market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
CFD
The great 2022 rotation Tech/Crypto -> Agriculture.The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in export bans, this is compounded by the Ukrainian conflict effect on wheat. So far there is a group of 20 countries some of them top 3 producers in their respective crops imposing export bans that are planned to end in December 2022-December 2023.
With this in mind a hefty increase in wheat and other crops is expected. Aiming for FIB 4.
#LONG #TRADEOF2022
UKOILUKOIL is forming a big triangle by making lower highs and higher lows.
Price has previously made sharp moves downward from the 112$ level.
There is a good chance the level could hold the price.
CFDs for WTI Crude Oil - SHORT TERM - SELLThis graph is a representation of my point of you of the futures market (USD).
NAS100 POSITIONAnalysis of the chart shows that we can expect up to the specified range.
ENTER BY TRIGER
XAUUSD Retrace or Reverse?As you see in the 4H time frame, price could not break the support zone and was pushed to the upside and pulled back to 1850.
The main trend is still bearish but we don’t know know if the downtrend has reversed or price is in the correction phase.
So, we should wait for the price reaction to the next resistance level around 1865:
If price breaks this resistance level and closes a bullish 4H candle above it, I expect more upside move around 1888.
On the other side, if price gets rejected from the red resistance level and closes a bearish candle below it as a sign of rejection, I expect the continuation on the bearish move around 1820 which is support area and in the case of a downside breakout on this zone, the next target would be around 1790.
XAUUSD Will Visit 1790?We have seen a significant drop on XAUUSD in the past few weeks, and as I expected in my previous analysis, price hit the targets.
We can see the bearish structure and the sharp downtrend in higher time frames. Price could break the support level at 1850 and closed bearish candles below that level.
Currently, it seems like price is doing some retrace and maybe it pulls back around 1850 for a retest.
The next support zone for price is around 1820-1824 and if price breaks this support area and closes a bearish candle below this zone, I expect more drop on XAUUSD around 1790 which is a support level.
USOIL Downside MoveAs you see in the 4H time frame, we are in a downtrend and price is moving inside a triangle pattern .
We can see that price is rejected from the triangle upper side and failed to break the last major high.
Currently, Price has broken the little ascending trend line and has been fixed below the trend line. It has pulled back strongly to the broken trend line and we should wait to see if it can break the last low for further drop.
Moreover, we can see negative divergence on MACD . Although price has made a higher high inside the triangle, MACD could not.
If price breaks the last low, I expect a fall on USOIL to retest the triangle lower side.
XAUUSD Still BearishXAUUSD is facing a strong downside pressure these days and as you see in the daily time frame, price has made a lower high.
Currently, price is approaching to the yellow support zone around 1890-1888 which has pushed it to the upside in the past.
But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the downside breakout on the support zone snd in the case of a bearish candle closure in lower time frames like 4H or 1H, we can expect more drop on XAUUSD around 1850.
Gold has Reached the PeakI found that Gold has been in Overbought position, as indicated by the RSI indicator. Here Gold will experience a daily/weekly price correction, with a profit target of $1800 (Demand Zone) and at the point of position (approximately) the Daily Moving Average line (WMA-200).
Brent (UKOIL) Price CorrectionAlmost the same as what will happen with WTI (USOIL) , Brent (UKOIL) will experience a weekly price correction marked by the Overbought RSI indicator, and with a profit target of $73 in the Demand Zone.
Time for WTI for Price CorrectionIt can be concluded from the analysis that I present, that there will be a weekly price correction for WTI Crude Oil. The RSI indicator is showing Overbought, and the price will drop to $72.17 based on the points of the daily Moving Average (WMA) indicator.
Hopefully my analysis can help or complement your analysis. Thank you.
DJI potential for dip! | 11th April 2022Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our sell entry at 34895.37 which is an area of Fibonacci confluences towards our Take Profit at 34172.18 in line with 78.6% Fibonacci Projection .
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TRADE OF THE WEEK | Great Investment That Paid Off 💰
Hey traders,
At the beginning of January, we spotted together a great short-term investment opportunity on Natural Gas.
Buying major weekly structure support we were expecting a strong bullish wave to a current high.
Our confirmation was a double bottom formation on a daily time frame.
We bought the retest of its neckline.
Finally, the goal is reached.
Patience pays traders.
❤️Please, support this idea with like and comment!❤️
CFDs for WTI Crude Oil - RISE OR FALL?This graph is a representation of my point of you of the futures market. (USD)
SILVER JUPITER/SATURN RELATIONSHIPS15 / 30 / 60 degrees relationship of Jupiter / Saturn cycle on SILVER Weekly chart.
Seems that it is bullish untill reaching a top around mid Jun 2023...
Natural Gas (NATGASUSD): Did You See That Confirmation? 💨
Update for my yesterday's post on Natural Gas:
the price retested a broken supply area and I spotted a very nice confirmation.
The market broke a resistance line of a bullish flag pattern.
Now you can wait for an occasional retest to buy expecting a bullish movement at least to 5.68 level.
❤️Please, support this idea with like and comment!❤️
XAUUSD Bearish PressurePrice is bouncing in the ascending parallel channel as a correction and retrace, and as you see in the 4H chart, it was rejected from the channel’s upper side.
Currently, we can see a strong bearish push on price. The main trend is bearish and price is in the correction phase.
There is a support level at 1940, and if price breaks this level, I expect a fall towards the channel’s lower band around 1925, and in the case of a downside breakout on the channel, the next target is around the next major low near 1900 and 1895
XAUUSD: Making Ascending ChannelAs we saw last week, XAUUSD dropped significantly after the big growth.
Currently, price is making an ascending parallel channel with two touches on the lower band and one touch on the upper side (it need the second touch on the upper level to make channel valid)
We can see an upside push and rejection from the trend line:
If price breaks the red resistance level at 1944 and a bullish candle closure above this level, we can expect a rise on the XAUUSD around 1974 which is also the channel’s upper side.
NG Sideways ZoneAfter a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past.
Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area.
We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
Multi Year Breakout in Silver. A New Bull Run?Silver Micro Futures has broken out from a triangle pattern with good volumes. It has been correcting under the same for nearly 560 Days. Due to geopolitical tensions, commodity prices are expected to rise. This could mark a bull run in Silver. Resistance is marked in Red. So it would have to take out the supply area to continue Rallying.
Even Though This could be the start of a bull run in silver, I would like to make a small and quick profit from the bullishness.
Buy @ 68888
Target @ 74757
Stop Loss @ 65466
Risk Reward Ratio 2:1
As it has broken out from a year-long correction we can expect silver prices to go higher after taking out Major Resistances.
Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing.
