GOLD Buy Signals on W1GOLD, W1: Support line + Mirror level + Side of Bollinger bands + Dragonfly doji
Commoditytrading
ZLN2021-ZLZ2021 : Seasonality on soybean oilFor the third time in this seasonal window, we enter short and try to take advantage of this trend in which seasonally from the beginning to the end of the season 15 years out of 15, this spread has been in profit with small drawdowns.
www.seasonalgo.com
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!
📈 (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.
US Dollar Still DowntrendingSince the begging of 2021, we have seen around a 2% rally for the $USD; however, there is clearly a downtrend that has to be broken before the bulls get in.
The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.
COPPER (31 MAR 21) BUY NEAR 717.60 SL 713 UPSIDE 728MCX Copper (31 Mar 21) will move upside from the current market price 717.60-718 with SL 713 and upside TGT will bear 722/725/728
MCX:COPPER1!
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
Gold TargetGold traget to be 44416.
50 ema &200 ema is in downtrend .
Rejection at 200 ema.
Closed below S2
Commodities poised for breakout?Copper and WTI has breakout, now gold and silver are eagerly waiting to moon....
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.
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
Technical Analysis and OutlookTechnical Analysis and Outlook
The continuous Silver action keeps the price above Mean Sup $26.250 . Silver's upside at this super bull rally is high; however, the downside low probability pullback should be to the Key Sup $24.750 - If it happens at all. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For February 1, 2021" at the usual site.
Commodities poised for breakout?Dollar index is double-top and reaching breakout to the downside with MSCI Asia ETF on the upside. Most of the commodities are bottom and moving up. With stimulus package coming in, S&P500 will go higher and correlate with MSCI as well. Will go long into commodities, namely, gold, silver, copper, and wti and trade on the pivot points.
JO ETN bouncing breaking out of wedge right on supportJO is breaking out of small bullish falling wedge. It was objective to enter the trade as it was falling onto pretty good support at $35.25ish. Looking for follow though green candle tomorrow. $38.80 would be next stop and hopefully to take out top of trading range at $40.70. As you see, JO trades to the technicals pretty well. So, I hope it will be a good trade.
Oil Ascending Channel - Long OrderOil Ascending Channel Long Position
Entry: $51.69
TP & RR: $52.87 (1.59)
Stop Loss: $50.95
REASONS FOR THE TRADE
After breaking up at the ascending triangle, Oil has now formed an ascending triangle, testing the lower trendline. If it holds I believe that it will make a higher high and potentially trying to test the upper trendline or at the very least do a double top.
My Stop Loss is very conservative here because there may be a fakeout and I don't want to get stopped out (my USDJPY trade is still haunting me I guess). As I am writing this I can see that the price is already going up, so I hope a small pullback will give me the entry I want, after which I will start trailing my SL.
Gold Trend Reversal Incoming! Time to go LONGIn this technical analysis I share my current views on XAU/USD (Gold). I tried to make the chart as self-explanatory as possible, but feel free to reach out or drop a comment if you have any questions.
XAGUSD Swing -> Position Trade BreakdownBreakdown of my entry, SL, TP, and potential Scale In opportunities for Silver.
For EDUCATIONAL purposes only. Any and all trades should be taken at individual's own risk.
WTI - SHORT Hello Traders,
We can take our sell positions today on WTI Crude Oil for short term trades.
Don't take more than 1% risk on this trade.
Have fun!
SUGAR is testing an important monthly structure 🦐SUGAR is testing an important monthly structure, a static resistance, and dynamic resistance (trendline purple).
The price created even an ascending channel on a weekly timeframe.
IF the price will break the monthly and weekly resistance, and turns into support, we can see a nice bullish impulse, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SILVER BULLS SHALL HAVE A HARD TIMETVC:SILVER SILVER NEED TO CLOSE ABOVE THE RED LINE FOR UPSIDE TO RESUME. SELL FROM CMP TILL THE RED LINE AS MARKED WITH A STOP ON CLOSING BASIS ABOVE THE RED LINE. SILVER IF HOLDS THE STOP WILL HEAD TO THE LOWER END OF THE BOX TILL THE BLUE LINE.
XAUUSDRetested support, trend line and finished move at 76,4% of fib retracement. First target is at 1914.
