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Commodities_setup

Has Silver started a new leg lower? Hello, TradingView community. We hope you’re all having a solid session so far. Silver's daily chart has caught our attention today as price formed a solid move lower yesterday, and sellers have broken the low in today’s session. This could be a confirmation that the recovery trend has started to fail. On top of the price pattern, the MA is pointing lower, and the CCI is in its bearish zone. We want to see price close below yesterday’s low and test/break the May 19th low to give this idea more credit. If we sellers can hold momentum and break 21.27, this could show strong seller momentum, and if other factors back up the momentum, we could even see a new move back to the 20.60 area. But, we are looking for sellers to close below yesterday’s low to give yesterday’s move further confirmation. The same pattern can also be seen on gold’s daily chart. Good trading.
EIGHTCAP:XAGUSDShort
by Eightcap
Stocks drop and rising interest rates Commodities set to rise!As the stocks correct by 10% or more, I believe that the coming commodity bull market is set to come very early. The second factor for a commodity bull market is the rising interest rates. This is very bad for stocks, growth stocks especially as they cannot borrow more money to grow their company. The third and a bit smaller factor is that the dxy is rising and if the dollar rises, the stocks fall and then commodities rise. This is a hot new market to look for here. Warning2 I am not a financial adviser and take this with a grain of salt. Happy trading!
ICEUS:KC1!Long
by informalStar16695
1
Silver ready to shine...Silver started this week with a small gap up favoured by the decline at stock market and the decreased value of USD. Both these facts triggered by the incapability of president Trump to pass the new healthcare system. Dollar slipped and broke the neck line of the head and shoulder formation that occured. Uncertainty started rising about the power that president Trump has in order to pass other more important plans such as the 'Tax plan'. TECHNICALLY Silver just like gold,due to the strong positive correltion between them,they are trying to validate the 200MA and BC trend-line. We can see that silver has formed a symmetric triangle ABC,that has to break,which is basically the corner of a larger triangle EFC(if you zoom out) that a longterm trend line since 2011 has created. Closing daily above 18,06$ and keep these levels weekly it will be a good bullish indication. Because we can use 200MA and red trend line BC as a great support. Once 200MA is validated the first target is 18,50$ 50%Fib level and upper BBand, second target is 19$ 61,8%Fib level plus strong resistance well respected at the past. We can also see a rising inverse head and shoulders(BLUE AREA) with neck-line already broken upwards. Also Macd will turn positive simoutaneously with 200MA and BC trend-line. T1 18,50$ T2 19$ SL 17,80$-17,90$ HAPPY TRADING GUYS!
FX_IDC:XAGUSDLong
by The_Greek_Trader
2
Long copper for 2.70Copper has broken above major trendline resistance at 2.570, bias higher. Technical indicators have turned bullish, scope for upside rises. MACD has shown a bullish crossover on signal line, momentum is bullish. ADX also has turned north, supporting current trend. Copper is currently struggling to extend gains above 61.8% Fib at 2.637. Break above to see test of 0.70 levels. Major support - 2.60, (50% Fib of 0.752 to 2.450 fall), 2.5660 (5-DMA), 2.550 (Nov 30 low) Major resistance - 2.637 (61.8% Fib), 2.687 (78.6% Fib), 2.70 (trendline) Good to go long on dips around 2.60, SL: 2.5660, TP: 2.635/ 2.685/ 2.70
FX:COPPERLong
by FxWirePro
Still biased to the long side(GOLD)GLD held the broken trendline and the $110 level. The price action at these levels does not jump off the screen at me, meaning it looks shaky IMO. I would not be surprised if we revisit $100. I still believe the long-term R/R is to the upside from these levels. I will be looking to buy dips b/w 100-110. I would stop out under 100. Let's breakdown the R/R. I am willing to risk up to $12 to the downside. I like the upside to be 3x my risk. My initial upside target is $147.75-(3*12)+111.75. In trading you are looking for positive expected value propositions. To get this you take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. It is an imperfect measure, but it allows you to frame your trades on a consistent basis so you can compare what the best available trades are at a given moment. Any comments or question, please leave below, look forward to hearing your opinions. Caleb
AMEX:GLDLong
by CalebDismuke