CLF
CLF before 35% increase. The exchange builds on a double rising wave structure. The exchange rate target price is 11.87 usd. 35% increase from the current level.
CLF increase the target price... The analysis of the exchange rate movement is unchanged compared to the previous analysis. The target price was higher. Expecting the current level, we expect a 47.5% increase in the exchange rate. The target price is 13.15 usd.
CLF before 26% rise...The exchange rate has begun to rise, from the correction axis (yellow line) that coincides with the intersection of the wave axis. Here I note that the axis of the fractal point coincides with the axis of the wave axis with the mirror axis. This means that the exchange rate increases with a strong D1 parameter ATR, which is likely to increase. We assume the construction of a dual wave structure where we are in the first rising wave structure. Correction for 10.35 usd and second wave structure will be expected. The primary target price is 11.72 usd. With further rise in prediction.
There is still a correction at CLF's rate...There is still a correction at CLF's rate. We expect a further reduction in the exchange rate. The level of the correction level is 8.9 usd. Then we expect a sustained rise. For the exchange rate it will be far above 13usd.
CLF - EXPECTING A DEEPER CORRECTIONCLF seems in a turning point after the previous breakdown. Look to the price action on the level posted on chart for a potential wave down. Bullish divergence for one more attempt to the upside.
CLF target price is 15 usd...The exchange rate seems to have begun to be corrected. The correction level is expected to be close to 11.93usd. From this level, another rising wave structure is likely to reach up to 15 usd levels.
CLF can start moving sideways... The exchange rate may take the lateral movement bounded by the triangle shown in the figure. If the theory is correct, a small ATR movement is expected for two to three weeks. The reduced amplitude of movement can hold up to the ATR support shaft underneath it. From this support upward, a significant increase is expected. Based on the current data, it is probable that the exchange rate is designed to construct a W1 ATR distance wave structure. This means that we can expect an unusual increase to date. With accelerating ATR and speed. This exponential rise target price can be up to 25 usd levels. Of course, it seems incredible now. But the current track calculations show this.
Cleveland Cliffs for Break out?Just a random pick on one of the top volume contributor stock.
Happened to see this counter making nice upward move since it last bottomed in 2016. As seen on the chart, this stock have tested the resistance level with huge volume. Now it is back again at the 11/11.80 testing for another break out. We are not very optimistic about this break out at this point but considering another data coming out in October, we would prefer to pick this up if it drops to $9 Region targeting about 20% movement.
For now we are Bias on the Shorts. If the break out happens with strong volume $15 is our target.
I bet we can do money here. [$CLF]The mission of trader do money, no matter how many time you need for it. At the most successful cases long-term traders make more money than swing-trader or day trader. This stock is the excellent example for long-term trader. HOLD if you have nuts. Lets look at the situation at Steel Market, it will help us to understand the future situations. The CLF produces various grades of iron ore pellets, including standard and fluxed so the first question what you should ask, "What's going on futures on HRC?"
The price on HRC has the stable uptrend, which is very addiction from US government and Trump's decisions. I noticed that "Trade War" has not any positive signs for the Steel industry, merely because the Market starts popular among speculators, or how to explain when the domestic products price are equal to import steel price? Cleveland-Cliffs is the strong mining company, that has a long-term partnerships with North American steelmakers, we should be patience because LG is working hard and doing the nice job to make the CLF great again.
3Days Chart.
1Week Chart.
1Month Chart.
Like/Comments. Yes, please :)
CLF is one of the best long-term investments... With a very long time to climb. The exchange rate builds another rising wave structure. Probably a dual wave structure can be talked about. The first wave structure can be an impulsive wave. The target price is 13.34 usd. Based on technical considerations, a nearly 2 usd band is expected to be built on this chart with a yellow square. It can stay for several days. Then, an upward exit can trigger the second wave structure. Which speed can increase. The next target price is 19usd. But the next prediction calculations are predicting a further increase. But the data needed for clarification has not yet arrived.
CLF long ... The exchange rate builds the second wave of a triple ascending wave structure. Specifically, the second ascending wave structure moves in the correction sub-wave structure. Since the initial wave was impulsive, the correction wave structure could also be upward. The third rising wave structure may have an accelerated wave structure because the slope of the ATR axis increases (purple line). This may result in an increase in the rate of increase of the exchange rate. Thus, the target price for the third wave is around 16 usd levels.
$CLF Short - Confirmed Reversal$CLF Confirmed reversal to remain locked in 5.60-8.95 trading range. Expecting at least another 10% haircut in near term (if not more).
Short target - 7.50
CLF rising wave structure...CLF rising wave structure. The exchange rate moves in a doubling wave structure. It is characterized by the fact that the next wave structure is twice the size of the preceding wave structure. The (0A) wave distance is expected to be 10.5usd and then correction is expected. I expect the (AB) correction wave to 8.55usd. Then, the second major wave (BC) may occur, the target price of which is 17usd.
CLF: Contrarian OutlookCLF is a buy in my opinion but the price must close above the .786 fib retracement box I have placed in on the chart for a long position to be considered. Noted for a lagging share price to the industry, yet considered a great company with potential. To those trading the steel market, fundamentally the opinion is definitely swaying towards bullish for 2018.
--US housing starts rose 3.3% to a SAAR of 1.297 million units (November) and The Architectural Billing Index rose to 55, both of which are good signs for an increase in the demand and spending on steel. Coupled with the future infrastructure projects proposed by trump signs are looking good.
--Toyota/Mazda plant has just been approved in Alabama, estimating 300,000 vehicles per year starting in 2021.
--Chinese Steel exports have fallen for over 15 consecutive months.
---CLF announced a new HBI plant in Ohio w/ a capacity of 1.6+million tons a year.
For a safe position, i am looking for price to close above the .786 fib as stated above, this would reject the potential pattern i have drawn on the chart. The boxes are calculating +/-2 % variance of the Fibonacci ratios. If we do not see a close above, a daily doji and a bounce of the .786 could be signs for a lower share price. In that case look to enter around 5.70 which seems to be a good support, or look for a completion of the ABCD pattern.
USOIL Long USOIL prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. U.S. crude production has broken through 9.5 million barrels per day (bpd), its highest since July 2015, but analysts say growth may slow as U.S. energy firms cut the number of rigs drilling for new oil."It looks like the growth in U.S. production is quickly running out of steam and, all else being equal, this should be good news for OPEC and the price of oil, As technically the pair trading above the trend range under 1hr time frame , we have strong support around 47.20 on 4hr time frame, we can see bounce towards retest $50.
BUY USOIL
@47.50/47.20
Target: 48.50/49.00
Stop loss: 46.90
Gud luck !
#forextuitions
Solid Company Broken StockStill think we could see a 30 - 40 % drop over the next month, plan is to start buying if/when that wave goes red.
THE WEEK AHEAD: IT'S EYEBALLS ON THE FEDUgh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... .
One option is to sell puts in one of these "just high IV" underlyings:
VRX: April 21st 11 goes for .56
AKS: April 21st 7 goes for .31
AMD: April 21st 13 goes for .66
WLL: April 21st 8 goes for .28
CLF April 21st 8 goes for .34
X: April 21st 32 goes for 1.25
These are all at or around the 30 delta ... . Those plays, however, are not my "favorite girls to dance with at the ball."
For earnings, what little "quality" stuff is left to this season is still a few days out:
FDX (IVR 92/IV 30) (3/21 AMC)
GME (IVR 73/IV 46) (3/23 AMC)
MU (IVR 76/IV 47) (3/23)
VIX: For a "Term Structure" play,* the earliest expiry where the 50 delta strike is at 16 or greater and pays ~2.50/contract is June, and that's 101 DTE ... .
Of course, we have that little Fed shindig going on next week. Implied volatility and the VIX can turn on a dime, but I've been waiting for VIX to turn on a dime for weeks ... .
