Get started

Comodity

Oil To The APEX, It Hit, Now What:Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough strength to go up from here and not bounce off support at the top of the consolidation rectangle depicted. I’ll check back in at weekly close. 📈Support & Resistance📉* Support Levels 1st Support Zone: 28.82 2nd Support Zone: 24.89 3rd Support Zone: 20.72 Resistance Levels: 1st Resistance Zone: 32.50 2nd Resistance Zone: 37.62 3rd Resistance Zone: 42.11 Price Level Consideration ATH: 147.27 All Time High Half Way Point: 73.64 Prominent High: 65.53 Prominent Low: ZERO 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 77.04 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open:18.86 Weekly Open: 29.78
TVC:USOIL
by LandenInternational
1
Gold to 1775Gold has been going sideways for 6 years and it recently broke through the trend. Normally I trade the 30 week moving average and you can see from this chart that it crossed the 30 week in November of 2018 and the pullbacks started bouncing on the 30 week moving average. Afterwards it broke trend at 1375 and had that recent rally up to around 1550. Gold is not the only commodity which is going up. You can see that bitcoin also had that huge move up from 3k to 14k recently. With the rise of the S&P 500 and the recent breakout in trend of the S&P 500 and the trend analysis of gold, I can say that the next move in commodities is going to be towards the upside. Now let me talk about short term a little bit.It's possible that there is a pullback to 1420(if it bounces on the 30 week MA), you can see that the RSI and the MACD are somewhat progressed, the RSI could just keep going up but it's not bottomed out by any means. In this scenario, buying the pullback would make sense.
FX:XAUUSDLong
by eneakume
LTCUSD Major Resistance Hello Traders, New Thesis on LTCUSD, Points to consider; - Uptrend Broken - Broke major support, now testing as resistance - Stoch crossing bearish - Volume climax on 4hr time frame - EMA crossing bullish, insignificant with all bearish indicators - RSI neutral on 4hr time frame LTC needs to break this major resistance for it to continue its uptrend, this will allow it to put in a healthy lower high. However, going short is looking more probable as BTC market structure is bearish, Major ALTs tend to follow BTC, thus the target for LTC from current resistance is more likely to be the support zone at around $50.00. What are your thoughts? Please leave a like and comment and remember, “Letting losses run is the most serious mistake made by most investors.” – William O’Neil
COINBASE:LTCUSDShort
by AzizKhanZamani
XAUUSD BUYLooking at price climbing towards 1280 level before potentially reversing. i have had a really good week with gold so i am not looking to force any trade. As you can see trend lines are heavily respected and because of that this gives us an indication on where price can be heading. lets see how the market plays out on this one. Friday is always a day where we see major reversals so lets see what happens and secure the bag together! Every day is money day! Follow me on social media ; Instagram : Vellly Instagram : Learnitempire Youtube Channel - Learn interact trade
OANDA:XAUUSDLong
by LitCap-Vell
OIL - Selling premium into high IVR-Short Strangle -16 Delta -35 DTE -100% IVR -$1000.00 Credit This is a good high IVR premium selling opportunity. Due to oils sharp drop in price in a relatively short amount of time has caused implied volatlity to skyrocket. My straddle has some positive delta bias because I think a relief rally is due so if we get a pop in oil prices it gives my upside a little more breathing room. Although I don't believe a relief rally will amount to much other than a short rally before carving out new lows.
NYMEX:CL1!
by krugman25
GOLD (XAUUSD) RUNNING OUT OF STEAMAs we are seeing equities fall we typically see a rush to our safe havens such as Gold and JPY when investors look to shift their funds from risk on to risk off. However as the indices are now falling into key support levels could we again see the shift from risk off back to risk on. Looking at the market technically we can see that buyers look to be running out of steam as the momentum to the upside slows. This could be the market waiting for some kind of catalyst ie news to push the market in a particular direction. That being said if we see a break below the current 4hr lows and trendline support at $1228.00 we could look for further downside out from this commodity.
OANDA:XAUUSD
by BlueberryMarkets
How long will the resistance of Double Zero 3.000 last?As last week, I am taking measure of double zero 3.000 to function as a resistance. However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above. But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance. << tactics >> 1) It was judged that double zero 3.000 functioned as resistance short. The 1st limit is above the thin trendline which is now reaching around 2.920. The 2nd limit is thought to break the trend line and is on WePP (S1) 2.863. However, if it reflect on WePP 2.952,we need to think about escape. 2) It can not be determined that double zero 3.000 functions as resistance I will observe. Because there is an unknown the strength resistances above the double zero 3.000,MPP (R1) 3.028 and YPP (P) 3.052. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
OANDA:NATGASUSDShort
by fondiea