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Commoditysignals

USOIL Why it MUST hold this Triangle. Danger for $42.5 otherwiseThe pattern is a Channel Down since the April 2019 66.60 top. However with the price rejected on the 54.60 Resistance and pulling back to the 49 region the very bearish fractal of 21 Nov - 14 Dec 2018 comes to my mind. See how both then and now the price traded within the 54.60 Resistance and 49.30 Support. As a result buyers must defend the Lower Low zone of the long term Channel Down (which I have displayed it with the green Triangle) if they want to avoid an aggressive break down to the 42.30 1W Support (24 December bottom). On the other hand, every time the Channel Down made a Lower Low, the price always made a pull back after the first rebound. I have illustrated that with the circles. It never jumped aggressively to a new High. So as long as the Lower Low zone holds, it is a long term technical buy.
FX:USOIL
by TradingShot
1
Possible short entry in GOLD 21/12/191) Short-term uptrend, candles above MA (9) and price within the short-term upward channel. 2) Waiting for the price to reach the 38.2% level of the fibonacci and touch the top of the long-term bearish channel. 3) Possible crossing of MA (9) at that time, which would confirm the trend and validity of the long-term bearish channel. 4) Stochastic in positive zone and with bullish direction at the moment, waiting for signals to cross down. Setup: Entry = 1490.453 SL= 1500.919 TP1= 1481.841 TP2= 1473.313 TP3= 1461.172 TP4= 1445.707
OANDA:XAUUSDShort
by erikmoreno790
Corn: Short opportunity on 1D Death Cross and RSI.Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W). Since the RSI is on the same zone as then, we are expecting a decline towards 368'2 - 360'2. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:ZC1!Short
by InvestingScope
2