<0RN - strategic long tradeAs discussed in another idea on TradingView () I expect the corn price to rise. To participate in this rise, one might use this leveraged ETF. The buy order could be placed above the former local high as seen on the chart.
Commoditytrading
Bullish time in CORN ahead \o/You can see here the CBOT:ZC1! price displayed in a line chart. After reaching its high in early 2022, the bears took control, driving the price down significantly until now.
The factors in play are as following:
Seasonality: Corn prices have historically shown strength from December through March, aligning with planting and crop cycles. This seasonal trend could provide a solid backdrop for a potential price recovery. (highlighted in green on the chart)
Interest Rates: We’ve reached a pivotal moment in the Federal Reserve's interest rate cycle. The rate hikes that began in March 2022 coincided with the start of the bearish trend, while recent rate cuts in September 2024 may support a rebound in commodity prices, including corn. This shift in monetary policy could act as a bullish catalyst for corn and other commodities. (highlighted in orange on this chart)
Technical Indicators: For additional confirmation, one could wait for a bullish crossover of the moving averages (a golden cross). Such a cross would reinforce the technical setup and definitively signal the onset of a new bull market in corn.
With these factors in play, corn could be setting up for a strong rally in the months ahead.
SILVER Downtrend Alert! Short Trade Setup Ready for Major ProfitSILVER Commodity Technical Analysis (INDIAN Market):
On the 1-hour timeframe, Silver (Commodity) is showing a clear bearish pattern, validating a short trade entry at 95437. The price is approaching key target levels, with TP1 (92725) nearly achieved, suggesting a continuation of the downtrend in the short term.
Trade Summary:
Entry Level: 95437
SILVER Target Levels:
TP1: 92725 (nearly hit)
TP2: 88337
TP3: 83948
TP4: 81236
Stop Loss: 97631
The Risological Dotted Trendline adds further confirmation to the bearish sentiment, guiding this setup toward anticipated targets. Silver’s momentum suggests traders should watch closely as it edges toward additional profit-taking levels!
For extra safe traders, the Trailing Stop for this position is at 96,160
PLATINUM | XPTUSD Weekly Outlook Oct. 21st: BULLISH Bias!This weekly forecast is for Oct 21 - 25th.
Platinum is heading towards the Swing High with good momentum.
Target should be achieved this week.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GOLD Explodes Past All Targets – Massive Gains Achieved!The long trade on GOLD entered at 76195 has surged with incredible momentum, hitting all our profit targets. The current price stands at 78375, confirming the strength of this bullish run.
Key Levels
Entry: 76195 – Long entry made as the uptrend was confirmed.
Stop-Loss (SL): 76062 – Strategically placed to manage downside risk.
Take Profit 1 (TP1): 76358 – Successfully reached, signaling the first leg of the rally.
Take Profit 2 (TP2): 76622 – Continued bullish movement hit this target.
Take Profit 3 (TP3): 76887 – Strong momentum allowed this target to be met.
Take Profit 4 (TP4): 77050 – Final target achieved, capping off a solid bullish trade.
Trend Analysis
The price has maintained consistent support above the Risological dotted trendline, affirming a robust uptrend. The consistent climb from TP1 to TP4 highlights the power of this movement, with all targets now realized.
SILVER | XAGUSD Weekly Outlook Oct 21st: Wait For BUYS!This weekly forecast is for Oct 21 - 25th.
After closing last week with a strong bullish candle, the week ahead maintains a bullish bias.
Be mindful of a short term pullback this week, as price tends to retrace after breaking swing highs. Just remain patient and wait for valid buy setups in this case.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Is Sugar Sweet Enough? ICEUS:SB1! Price is making lower highs and lower lows. Blood incoming??
For any risk adverse traders there is a short trade entering as close as possible to $23 and targeting $20's. Price action is showing weakness short term and remember....
RETRACES ARE COMPLETELY NORMAL!! Just benefit from them and follow the trend.
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
Time to Ride the #Silver Wave!!! +12% potential PROFITIt doesn't get easier than this.
We have a bullish daily t@m expiring on Oct 3rd.
Targets of $33.5 and $35.2
Entry at low $31's
Stop at $30.6
US WTI CRUDE OIL... Looking to BUY IT!US OIL
Price has pulled back into the Weekly and Daily +FVG. There is a good chance 73-72.00 will hold support, sending prices higher.
My eyes on the lookout for valid buy setups.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST SEPT 7-11th: US WTI CRUDE OILUS WTI Crude Oil expanded to the upside last week, with a convincing close. ON the Daily, a +FVG was formed. Things are in place for price to continue to move higher.
My bias is bullish, and I am looking for buys.
Consider the tension in the Mid East, pushing prices higher.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST SEPT 7-11th: SILVER | XAGUSDSILVER | XAGUSD is in position to make more gains. My bias is bullish, and I am looking out for long setups.
41.140 is my invalidation line. Should price break below this price, I will change my bias to bearish.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
XAUUSD: 2,650 by next week, 2,850 by early 2025.Gold turned overbought on its 1D technical outlook (RSI = 71.445, MACD = 34.140, ADX = 33.307). Despite that, our TP = 2,650 will most likely get hit by next week, so now we will discuss what could happen next. Obviously a rejection at the Top of the Channel Up is most likely to take place, with which the market will seek technical confirmation of a support and buyers near the 1D MA50 again.
On the 1W timeframe however (right chart), with the Fed cutting the rates aggressively as during the pandemic (March 2020), it is very likely that we are in a post cut rally which, with the support of the 1W MA50, will peak possibly as high as +78.50%, like the August 2020 Top. Consequently, we see more probable long term for Gold to reach 2,850 by February-March 2025.
See how our prior idea has worked out:
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Brent oil trend moving down or up?Amid supply concerns in the markets, oil prices, which had dropped to the $69.30 level, saw a notable rebound. The American Petroleum Institute reported a 1.9 million barrel increase in weekly crude oil inventories, while a slight decrease is expected in the official crude oil inventories to be announced in the U.S. today. In the U.S., strong expectations remain that the Fed will cut interest rates by 25 basis points today. Therefore, despite the positive risk appetite, Brent oil prices have continued to trade with a bearish trend below the $73.00 level.
Technically, if the 72.35 support level is broken, further declines toward 71.50 and 69.30 are possible. On the upside, if the 73.0 resistance is surpassed, buying momentum could accelerate toward the 74.30 and 75.50 resistance levels.
COPPER READY FOR ALL TIME HIGH...MCX:COPPER1! trade at 812 level. Chart shows that its break a trendline on daily chart. So you can watch for an upside move...
ZINC READY FOR BREAKOUT...MCX:ZINC1! trade at 270 level. Chart shows that stock ready to give a breakout on its weekly time frame. You can watch for an upside movement...
GOLD - Bullish BreakoutGOLD has recently broken the RANGE it has been in for the last couple of weeks.
As you can see via the labels on the chart, GOLD initially produced multiple REJECTIONS from the RESISTANCE.
Eventually, the RESISTANCE was BROKEN, changing from high volume resistance bounces to low volume RANGING.
WE were in this RANGE for a couple of weeks, where I believe that GOLD was accumulating, ready to perform a BIG VOLUME move.
This has now come to fruition as the RANGE has been broken BULLISH, where it's begun to produce HIGH VOLUME candles.
I will be watching to see where it creates a rejection zone as GOLD is currently trading at ALL TIME HIGHS.
Will UKOIL continue its decline?The U.S. Energy Information Administration (EIA) announced that global oil demand will reach a higher level this year, while noting that the increase in production will be lower than previously forecasted. Additionally, the EIA reduced its price forecast for Brent crude oil in 2024 by 2.4%, from $84.44 per barrel to $82.80 per barrel. As a result, Brent crude oil prices fell to the $70.0 level.
Technically, if the 69.30 support level is broken, further declines toward 67.50 and 65.60 are possible. On the upside, if the 71.50 resistance is surpassed, buying momentum could accelerate toward the 73.0 and 74.30 resistance levels.
"USOIL is going downward"The weakening labor market has reduced risk appetite in the markets, triggering a drop in crude oil prices toward the 67.50 level. Additionally, OPEC+'s crude oil production in August decreased by 300,000 barrels due to declines in Libya and Kazakhstan. However, ongoing supply concerns continue to pressure the commodity.
Technically, if the 67.50 support level is broken, further declines toward 65.55 and 63.55 are possible. On the upside, if the 70.0 resistance is surpassed, buying momentum could accelerate toward the 72.60 and 74.50 resistance levels.
Wait for Reversal in Copper Future MCXMCX:COPPER1! trade at 780 level. Its now doing a major correction but in long run moving upward side, so you can wait for reversal or play some downside move till 750.
Oil Collapse | WTICOUSD About to Give it Up!I called the oil top in June 2022 and I have been building / holding a massive leveraged short position ever since then.
This market will take YEARS to recover, after the current selloff is complete. I will continue to cover the devastation, along the way.
Don't listen to the media - they are lost.
Question your "advisors" - they are going to encourage you to "stay invested", it's what they do.
Ultimately, the decision to ride out this market will cost you dearly.
If you are able, GET OUT OF THE MARKETS.
There is nowhere to hide!
Gold ready for a meltdown Sell Now!!So as we are approaching this week's NFP report which will give a clear indication of either a soft landing or a hard landing I expect Gold to have a slight retracement as it is currently facing some resistance and has broken out of the ascending triangle so our target will be at the h4 tradeline
Follow more for quickly analysis
Gold Today (19 August) Target 2487.32Gold is trading at levels above 2500 after touching its highest level, last week a big rise was seen in gold, today gold is trading in a determined trend, on 30 minute chart frame gold An uptrend is visible, if gold breaks this trend line towards the left today, then targets up to 2487, 2480 can be seen.
