Get started

Commondity

Gold Technical Analysis: Touch 1292 And New Sell entry 1294 GOLD edged higher on the last trading day of the week and jumped back above $1290 and 1294 level, just above over one-week tops set in the previous session. Gold H4 200 ma moving average is 1290.95 area breakout and stable this level touch 1296 level. and H4 100 ma moving average area 1285.40 level so stable 100 ma gold touch 1290 area. Gold Day 100 ma moving average level 1280.70 area so breakout this level gold touch 1290/96 area. And Technically Best Sell Area is 1296 level and take profit 1280 Area. Another way, GOLD breakout and stable 1305 level touch 1318 level. Previous Monthly High 1327.8 Previous Monthly Low 1280.1 Daily Fibonacci 38.2% 1279.06 Daily Fibonacci 61.8% 1276.92 Daily SMA100 1291.72 Daily SMA200 1251.07 NEWS:- It would be prudent to wait for a strong follow-through buying before confirming that the commodity might have actually bottomed out in the near-term and positioning for any further recovery, possibly back above the key $1300 psychological mark.
TVC:GOLDLong
by Saleh11
Clean Short Swing - Oil DailyToday oil gave up all its gains from yesterday, which is a key signal that more pain is coming (albeit short term). I see two sets of bearish RSI divergence points after today (one longer term and the other short). All signs are here for a clean short swing in oil. I will be starting a short position tomorrow (unless of a massive drop overnight), and will set my first target at the 48-ish area and a stop a little over the 52 mark. I will update tomorrow evening. GL!
TVC:USOILShort
by xsubtownerx
USOIL - Three KEY levels of long trendUSOIL has been seeing incredible strength after its 26.01 lows earlier this year. It does not show much sign of slowing down and thus it is important to identify possible positions of resistance to its long trend. From the chart I have illustrated 3 levels which are likely to prove some strong resistance. The thicker the line the strong the resistance at each level is. Ignoring the 50.46 level, we should identify 53.28 level as being composed of a strong horizontal resistance + 0.764 fib level. Thus it qualifies as a strong resistance. Breaking this could be a very strong BULLISH sign. The next major level is 61.53. Breaking this level could likely lead to restoration of previous year USOIL prices of around 100. Safe and successful trading
FX:USOIL
by managingchaoscapital