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Commoditiestrading

Palladium When Does The Ride Stop?Palladium has had a massive drive up in price. Previously below platinum, it's come into it's own. The market is tightly controlled by a few major players, and possible supply interruptions helping fan the bull flame. $2000 Rejection most likely profit taking, and an outlook over $2K imminent. I am waiting to take a short position though, as a rally like this has the potential to unwind quickly, and the upside at some point will be capped. Key points of support sit at $1835, $1700, then $1600 in the short term. Will also be watching RSI for a short on any overbought rallys over $2K mark in the next few weeks. Whilst keeping an eye on news of the current supply/demand fundamentals in the case of a continued rally to future gains.
OANDA:XPDUSDShort
by KevinOrchard
Bearish Trend on Silver in Short-termThe Silver price is currently trading below the 21-day and 50-day SMAs. The Stochastic Oscillator period 14 is bellow 20 levels on the daily chart with the signal lines pointing down to indicate a sell signal. Also the bullish trend line has been broken and that in and of itself is not a good sign for the bulls. The next week or two should be crucial and tell us where we are going longer-term. Technically, Silver has been hovering around 16.90 since mid-November, but broke below this line on Friday, with sharp losses. Now the XAG/USD pair is expected to find support at 16.50, and a fall through could take it to the next support level of 16.20 (31st July low). We opened Short positions below 16.70 with first target at 16.20 & second TP at 16.00 in extension. Our SL is at 17.20. The pair is expected to find its first resistance at $17.00. It’s very likely that this level will continue to cause resistance based upon the large, round, psychologically significant figure, and of course the inability to close above it for the last three weeks. As well, the 21-week SMA is showing resistance at 17.30 combined with middle line of Bollinger Bands on weekly chart.
OANDA:XAGUSDShort
by ForexTrendline
KEN2020-KEK2020 - Commodity Spread on Coffee FuturesKEN2020-KEK2020 Rising triangle in formation on this spread between two wheat futures contracts. Statistically, in the previous 15 years of our seasonal window we have come to profit in 100% of cases with an average risk reward of 3:1. With this strategy we started trading years ago, bringing us considerable profits that made us understand that operating in the financial markets was an incredible potential source of income if done with professionalism and discipline.
CBOT:KEN2020Long
by SwissTradingSchool
XAUUSD: Bearish on the medium term. All scenarios presented.XAUUSD broke last week through its 1D Support (1,483.60) that sustained the uptrend for almost 2 months, and touched the top of the 1,453 - 1,460 1D Support Zone where it bounced. This creates the conditions for a 1D Channel Down (RSI = 41.739, MACD = -1.780, Highs/Lows = -14.3993) where the 1,460 low can be considered as the Lower Low of the pattern. As you see by the measurements of the Channel's phases on the 4H chart, some zones are symmetrical, giving us a good idea of how the price may fluctuate within the formation. The final target on the 1W chart seems to be the 1,381.50 - 1,400 1W Support Zone, and if the 1D Support breaks, we are expecting an aggressive fill of this level. This is where Gold is expected to make contact with its 1W MA50 and continue its aggressive new Bull Cycle that it entered in June, in a manner similar to the 2000s Bull Cycle. That idea was explained earlier this month with a comparison of the two eras, which you can see below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAUUSDShort
by InvestingScope
4
Gasoline: Repeating a 1980s pattern. Major bullish break ahead.We have discovered a 1980s pattern on Gasoline (RB) that is strikingly simalar the recent candle action on 1W. We are rather puzzled though as to which point of the 1980s sequence we are currently at. In 1980s the Golden Cross (MA50 over MA200) emerged after a Double Bottom. Currently we are past that Golden Cross and the price is approaching the last low on a sequence bearing many similar characteristics with the old pattern. This leads us to believe that the Golden Cross is irrelevant on this pattern and that the price mostly follows the trend of the 1W MA50 into similar benchmarks of the 1980 pattern. For that reason it may be viable to start taking long positions with a projected Target Zone of 2.5000 - 2.8000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYMEX:RB1!Long
by InvestingScope
1