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Commoditytrading

WTI - RANGE BOUND!WTI - RANGE BOUND! Commodities overall since last yr are on a rise as seen on commodity index, I mean look at lumber and various others the % of return has been great and this has been increasing due to inflation, lower dollar etc. For now WTI - We are still within the range technically. Pattern: Pennant Support: 62.62, 60.30, 59.15, 57.20, 55.40 Resistance: 67.15, 69.75, 72.65, 75.15 A break to either direction for further clarification, the key trendline up staying above the bulls are still in control if we break below trendline up bears may start coming in. Trade Journal (Just a trade idea, not a recommendation)
FX_IDC:USDWTI
by Trade_Journal
Silver: Wait After WaitThe last couple of weeks have been relatively tiring as we are desperately waiting for the silver to make a move. This market is developing very slowly. Our expectation is that we will see declining prices for silver, as we expect it to move under $24.04. Somewhere around $22.23, we should see a short correction before the price gradually moves under $20. As long as we stay above $24.04, however, there is a 35% chance that the bulls take over and push for new highs above $30.35. Patience pays off!
COMEX:SI1!
by MarketIntel
📈 (3/14)-(3/15) ES Trade Plan 📈 Hello Traders, today we'll be following up from last week's 3/12 Trade Plan. The last time we took a look at ES I mentioned healthy pullback to about 3901 or so before another attempt at last week's high near 3958.50-3959.25 - Well thats exactly what happened. Here's the new plan: 🔸 Long after a healthy pullback to minor supports 3933 or ideally 3923 🔸 PT Near @3945, 3958-3959 (ATH), Low 4000's. 🔸 Short rejecting @3946-3948 or failing to break over 3958-3959 (ATH) 🔸 PT Near @3935, 3922, 3901.
CME_MINI:ES1!Long
by Kindredd
1
Are you ready for some Natural Gas ?I believe Nat Gas is approaching a crucial demand zone! WHAT NEXT? My current view remained neutral and speculative with Natural Gas being in a range of 2.9xx - 3.400. However, Natural Gas could develop a bullish move if the weather condition in the US continued to strengthen. For Intraday traders, you could look for Buy setups as it approaches 2.9xx with R:R ratio at 3.04. To be more clear, your target will be at 3.400 and stoploss at 2.740. If you want to be risky your stop loss could be at 2.550. For Swing traders and Position traders, I will not take this trade. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! ~ Tuan Anh Commo
NYMEX:NG1!
by TheCommoTrader
COCOA is tapping on the resistance of recent trading rangeNIB (cocoa ETN) is pushing against the top of the trading range. Cocoa has been consolidating for around two month now. Since I am long term bullish on agricultural commodities such as cocoa, if/when the top of the range is taken out, I expect quick run up as most of these commodities tend to have unidirectional run. First target is $32.80 range and next is the yellow down trend line. When and if that trend line is taken, I expect bigger upward move. Have a good trade everyone, T.
NLong
by TK0421
Maybe it is not too late to get some BREAD !!CBOT Wheat is range bouncing! WHAT NEXT? My current view remained neutral with wheat being in a range of 632 - 670. However, wheat could develop a bullish move on Monday and early Tuesday due to USDA Supply and Demand report later Tuesday. Wheat is overall bullish trading in this range, so we should be looking for Trend-Following Buy setups as it approaches our lower orange demand zone at 625 - 632. So the highlighted green zone is still a very strong area even though it is tested a coupled of times. I strongly believed that this is where smart money a.k.a institutional traders stops hunt and they are looking forward to make the market move higher. As per my trading style: I already have a couple of positions open at 626 and 630 with stop losses somewhat at 615. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! ~ Tuan Anh Commo
CBOT:ZW1!
by TheCommoTrader