LT1!29-11
Daily chart of LT1!
LTP: 2069.05
The trends (manual and 200 EMA) are bullish.
The candles are very close to the resistance and the chart structure signals strength.
RSI signals profit booking but there is no confirmed signals of any short selling.
2074.55 is a strong resistance (manual) and we can expect a strong up-move once it is broken.
I think LT1! can be bought for a strong breakout.
Futures-trading
HINDPETRO1!29-11
Daily chart of HINDPETRO1!
LTP: 238.85
The long term trends (manual and 200 EMA) are bearish.
RSI is overbought and signals a bearish reversal.
Supports are at 241.50 (200 EMA) and 237.05 (manual)
Strong support zone is between 200 and 207 so it may not be broken.
I think we will witness a profit booking if the candles do not breach 241.50 with strength.
I have gone short with a very strict stoploss for targets of 220 and 210.
$BITCOIN SHAKE DOWNSo who was long? Alot of people put their longs in before the dump. Even Crypto Face. How many times does this have to happen before we learn that we are still in a bear market BUT near the end.
It didn't break above the top purple line and was getting bearish fast. That's what you have to look out for in situations like this. We knew it was about to do something. So we wait until that thing starts happening and we go with it. It's like catching that perfect wave. Just have to patient but ready, quick and vigilante about it all. The Four hour was bullish af BUT the smaller times were a bit in doubt. So when in doubt.. so you think what might happen in high hopes and go with your feelings and emotion but get rekt. Every time.
The big pumps will come.. for a merry Christmas? Who knows But they will come. Don't get discouraged by getting broken down. The green days are close.
Best of luck. 👍
SUNTV1!27-11
Daily chart of SUNTV1!
A clear breakdown of the manual bullish trend and 200 EMA.
Candles close to the support at 486.00 followed by a support at 475.
RSI shows signs of a bullish reversal.
Can buy when candles breach 200 EMA with strength or can go short if the support at 475 is broken with strength.
DJI Potential for Bullish Momentum | 28th Sept 2022On H4, with the price moving below the Ichimoku cloud and descending trendline, we have a bearish bias.
However, we can look for a possible small scalp buy entry at 28488.65 where the 127.2% Fibonacci line is with take profit at 29653.29 where the previous swing low sat. Stop loss will be at 27589.42 where the overall large timeframe 50% Fibonacci line is.
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$BTC CURRENT PRICE ACTION BTC is trading on a descending channel. The support is for long while the resistance is for short. Positions is to be taken immediately after the confirmation of any level. It will confirm like this till there’s a breakout.
Breakout to the downside is more likely than to the upside.
"Down to Go Up"Sometimes, to get through resistance, you have to force sellers to liquidate at much lower prices. This just happened.
ES struggled to get through 3975 since yesterday, and needed a hit new daily lows to get rid of those sellers.
Even though the H&S pattern posted earlier has been technically invalidated, the minimum measured move of the descending channel lines up with the same targets, and could go higher.
Reversion? That's just meanThe rising trendline from June's lows is the likely target for this decline. No idea what happens there, and I won't be buying it on the first touch.
Knives should be picked up off the floor, not caught!
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COFFEE Local Long! Buy!
Hello,Traders!
COFFEE went down from the resistance cluster
Just as I predicted in my previous analysis
Then retested a rising support line
And is making a rebound already
So I think the price will go further up a bit
Buy!
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Is Wheat Making a Bottom?Wheat
Technicals (September): September wheat futures are on the verge of getting out above the upper end of our pivot pocket, 815. If the Bulls can achieve a close above here, we could see the market make an attempt at last week’s highs, 834-843 ½.
Bias: Neutral/Bullish
Previous Session Bias: Neutral/Bullish
Resistance: 834-843 ½***, 898 ½-903****, 960-970***
Pivot: 800-815
Support: 754-765 ¾**, 739-749***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
✅BITCOIN SWING SHORT🔥
✅BITCOIN is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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✅COFFEE LONG FROM SUPPORT🚀
✅COFFEE is about to retest a key structure level
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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S&P500 Will Keep Falling! Sell!
Hello,Traders!
S&P500 is trading in a downtrend
In a falling wedge pattern
And the index is now going up
To retest the falling resistance
Thus a pullback is expected
Followed by further move down
Inside the wedge
Sell!
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COFFEE Potential Short! Sell!
Hello,Traders!
COFFEE broke a local rising support
Then went down and is now back up
To retest the broken line which became a resistance
And I am expecting a local pullback
Towards the target below
Sell!
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Daily Soybean Market Update (6.14.22)Soybeans
Fundamentals: Yesterday's weekly crop progress report showed the U.S. soybean crop is 88% planted, 70% emerged, and a Good/Excellent rating of 70%. There were no major surprises here. Yesterday's weekly export inspections report came in at 605,129 metric tons, well above the 365,455 last week and 141,320 we saw in the same week last year.
Technicals: Soybean futures broke through support from 1720-1728, this will now act as resistance. A close back above here opens the door for a potential run back at the contract highs and above. There is some trendline support from May 17th-June 7th that is holding well over the past 24 hours. A break and close below here could spark a drop back below $17.00.
Bias: Neutral/Bearish
Previous Session Bias: Neutral/Bearish
Resistance: 1757 ½-1760**, 1775 ½-1784**
Pivot: 1720-1728
Support: 1690**, 1673-1679 ½***
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Daily Corn Market Update: Fundamental/Techncial Analysis 6.14.22Corn
Fundamentals: Yesterday’s weekly Crop Progress report showed corn is 97% planted, 88% emerged, and Good/Excellent conditions at 72%. All within the range of expectations. Yesterday’s weekly export inspections came in at 1,199,976. This was also within the range of expectations. Dr. Cordonnier increased Brazilian corn production by 3mmt to 110mmt. The USDA is at 116mmt, we believe the market is pricing in somewhere in the middle of those two estimates.
Technicals (July): July corn futures were lower yesterday, but finished off the lows, closing right near our pivot pocket, 769-773 ½. We are seeing some of yesterday’s weakness spill over into the overnight/early morning session following yesterday afternoon’s crop progress report. Technical levels remain largely intact. Resistance remains intact from 789 ½-790 ½. A continued failure to reclaim ground above here would mark a lower high, which would keep the door open for a potential lower low and a drop back to the 100-day moving average, 726 ½. The inflection point for a bigger drop would be a break and close below 747-753.
Bias: Neutral/Bearish
Previous Session Bias: Neutral/Bearish
Resistance: 789 ½-790 ½**, 800-803 ¾**, 809-810 ¼***
Pivot: 769-773 ½
Support: 747-753****, 720-726 ½****
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.