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Uranium: Target 1 reached, Pullbacks should be bought!Taret 32$ reached in Uranium. It is showing a lot of strength. Next target is 40$, but a retracement lower is possible, altough very hard to predict what the next move is. The last bull market in uranium was 20 years ago in the year 2000. And i think this is the start of the new bull market . Entering early will prove highly rewarding in the future. The break-even point to mine uranium is 60$. now we are at 32$ .. Uranium is still an intrinsic part of our electrical systems. If you believe turning your lights on in 5 years, you believe in 60$ uranium. wich means a 100% rise, and for the miners them selves we are looking for at least 150%! Altough hard the say. At the peak of this bull market in Uranium, some miners can have a Return Of Investment of 200 to 400%!!! If you like my ideas: Like, follow, subscribe..
ULong
by leamese
XAU / USD ANALYSIS - BEST PICK IN A CRISIS!In the 4-hour chart we see how the moving average lines have been placed downwards after crossing the 100-SMA line, above the 200-SMA line, indicating an upward trend. Added to this is the stochastic, which points to an upward trend in the medium term given a rise above the overbought level, accompanied by a MACD that remains positive with a crossing of its lines. If XAU / USD manages to consolidate above $ 1,700 an ounce, we could again see a bullish push, continuing to create new 7-year highs. Still, short-term indicators indicate overbought, which could result in a cyclical correction on the upside. A key novel to monitor will be the psychological barrier of $ 1,700, as a drop below could again attract sellers. Current price action shows some hesitation on the part of investors, but a push above $ 1,754 will reinforce the presence of buyers. If this creates enough momentum, it could jump to $ 1,800, a level that has not touched since September 2011. I always recommended that the best commodity to hold in a crisis is gold and we can see really big profits to my followers! (Look the chart of the past) Many thanks and happy profits! Regards,
OANDA:XAUUSDLong
by aleex5893
Commodities Double Bottom?Looking at Commodities via the Thomson Reuters/CoreCommodity CRB Index (TRJEFFCRB), an index that tracks 19 commodities including coca, coffee, copper, corn, gold, orange juice, soybeans, unleaded gas, wheat, etc, to see if the 1999 bottom will continue to hold as support today. We can see price has currently found support on the bullish order block formed back in 1999, rebounding off that block and creating what could turn out to be a double bottom. The trend is bearish, as confirmed by our Range MA indicator, and our Bull/Bear Power indicator even signaled a downtrend via a red arrow at almost the perfect local top on Jan 6, 2020. Right now the question is should we be looking for a reversal of the bearish trend and close short positions (for example puts on commodities ETFs that are reflective of this index)? To get confirmation of a reversal of the bearish trend, we will be looking for a long signal from the Bull/Bear power indicator as would be represented by a green arrow on the chart.
TVC:TRJEFFCRB
by AlphaBotSystem
5
WTI OIL (USOIL) Rebounding Process?!The report says that China is moving forward with plans to buy up oil for its emergency reserves after the epic crash in oil prices over the past few weeks. Beijing has asked departments to quickly begin filling tanks and options to lock in the current low prices in the market. Also noting that Beijing may use commercial space for storage as well - in addition to its state-owned reserves. At least with China stepping in, it may help to briefly support prices somewhat in the near-term but don't expect this to change the grand scheme of things.
TVC:USOILLong
by Anatta0
2