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Futuresmarket

Crude Oil Heading For A SpikeIt is no surprise that oil prices have been rising. With the recent attacks on Saudi oil reserves it is very clear indication that Octobers oil prices will be higher than the past quarter year. As an active Day Trader I believe in technicals first and the price looks like an excellent inverse head and shoulder setup for the near future. Before we see an astronomical rise in oil prices, there will be a moment of uncertainty while price attempts to break September 2019 highs of $58.78 per barrel. There is plenty of skepticism in last weeks drop. Why has the sudden drop just pause and consolidate around 54.00-55.00? There are plenty of "clues" in the chart itself and the fundamentals just adds certainty to my analysis. We will have to see what happens when the market opens in a few hours and will monitor prices this week.
NYMEX:CLV2019Long
by bajapips
Bullish signs from Iron Ore Futures 3 scenarios: 2 bull 1 bear. 1. Bullish upper trend-line break from first wave leading diagonal (T1 equal to or greater than $106 and T2 ~$139), 2. ABC correction (blue) following extended correction - we are currently in wave B triangle (T1 $106 for 1:1 wave A), 3. Downward breakout for additional corrective retrace. At this stage scenario 2 looks the more likely. Before getting too far ahead; look for a lower trend-line bounce first. This is a 100% technical analysis and no element of fundamental analysis was considered. I am not a professional trader and my analysis if shared simply to further my own education.
I
by flyinkiwi10
Looking at taking below 2722.25 short based on 30min candleCurrently testing the near term uptrend with an indecision candle on the daily again. We failed to break above 38 on three attempts. The market was muted to slightly down with JPow's speech in D.C. 2722 area is solid support and I like the buying that came in just above there. However if price can't clear 2726 and stay above 2728, most likely will continue down breaking the uptrend line. Let's see what she does. As always let price discovery be your guide :-)!
CME_MINI:ES1!Short
by Price-Level-Trading
My forecast for RTY this weekTrend is up still until we lost that lower trend line. We are more than 50% back from the ATH and the sell off reversal area. Love that little doji that formed on Friday. We most likely break in the direction of the high or low with strength. My upper target on RTY is 1530.7 then 1560 area. Lower areas of support 1498-1500, lower 1478-80, and 1465 (and 18 day sma). I am expecting a more significant pull back in the next few weeks. However always let price discovery be your guide. Trade the trend until it fails. Cheers! :-)
CME_MINI:RTY1!Long
by PriceLevelTrading
Technicals suggesting sell off to continue?Weekly TF technicals have shown a breach of short/intermediate term MAs and psychologically important support levels. Divergence and a crossover on the MACD support the case for more downside. My immediate thought is where will price find support? 2580 seems like the next significant level as the market retests the lows established earlier this year in anticipation of mid-term elections. If market breaks those levels, the 200-week MA would be my next area of interest.
CME_MINI:ES1!
by LockNLos
CBOE/CME Start and Expiration Date ContractsThis is a plot of all the start, Last, and expiration of the CBOE and CME Contracts. I may need to adjust some of the dates but i would like to get contract dates and etf decisions or delays on one spot for referance. How do futures contracts affect the market? Will any denial of ETF's drive the price down or do us crypto traders not even care at this point? I personally dont care and feel that most everyone expects denials across the board until we have further interest from institutions across the board. We have seen some interests of late including Morgan Stanley, Fidelity, BlackRock, and more. We also have seen some of the best University's from the us show interest recently such as Yale. I have read some other institutions interest but would like to see a clear list of for and against crpyto at this point. Slowly but surely interest is rising from institutions while retail investors have been shaken out this year for the most part. If anyone has any information or date corrections please let me know in the comments! Have a good week.
COINBASE:BTCUSD
by 2Legit
2
Zinc Vs other metals, Winner-winner still UREducational Metal Futures Insights: ZA1! Zinc futures are up 15% over the past month, however note "Uranium futures" have been notably increasing since May. Silver COMEX:SI1! and Copper COMEX:HG1! futures have just started their uptick with recent volatility in market. CBOE:VIX Gold GC1! is also just starting a small uptick. The summary: Uranium is a low cost energy driver globally with China bringing on new plants, India on the horizon, the US domestic sourcing to some degree, and japan starting to restart their power plants from 2011 Fukashima issue as safety, now 7-years later has been implemented for deemed fail-safe. Uranium has achieved an all-time low from high in 2006-2007, and 2011-2012 to current recovery in April-May of this year. Any company that can benefit in gold, copper, silver along with uranium such as Rio Tinto, great. Low energy nuclear fusion and going to be the next Uranium, so again mining companies with Nickel (no futures contacts and oddity and needs a futures contract added) is another benefit. Suggest you use this Nickel website for ideas. www.miningfeeds.com Ur watchlist: TSX:U , AMEX:UUUU , TSX:URE , NYSE:CCJ , AMEX:DNN , NYSE:RIO , AMEX:UEC Ni watchlist: TSXV:SFR CHXEUR:AALL LSE:ALBA ASX:AUZ ASX:ANW TSX:HBM TSXV:CNX , TSX:RNX , OTC:RNKLF Note: Royal Nickel recently struck a Father's day gold vein and spiked from 0.07 to now 0.71. Lucky me for knowing small nickel stock. Share your favorites in comments below. I know most here are just it's just a deal type, but appreciate hearing from you. LENR Technology: www.ecat-world.com Low CO2 energy. Having recently dealt with 70 something houses and businesses be affected by a natural gas over pressurization am thankful no one has to move outside the zone of a nuclear plant, so keep it real and keep it safe. Rule #1: Don't loose the money, Rule #2: Rule #1. @pokethebear
ZLong
by Pokethebear
BTC – What if – Part II – Gold, Coins and Bank NotesHi Traders! So as we promised we will publish another idea basing on the infographic from Jeff Desjardins and visualcapitalist.com Just to recall they made a massive work to sum up all the money assets all around the world. As it is more frequently said, especially in the finance world, cryptocurrencies are becoming considered as a new class of assets. Class asset? What is that you may think? Here is the explanation. All money invested in many ways can be divided into a couple of groups which differ from each other. We can invest money into commodities which are crude, oil, gold, silver etc. This is just one asset type (class). Money can also be invested in real estate – commercial properties, housing, agricultural land. This is another class. We can distinguish a couple of more asset classes such as stock exchange, global money supply, global debt market and finally derivatives. We are planning to prepare the whole set of analysis “ What If” describing each asset separately. Here is just the introduction to give you the general idea. Let’s assume this time we expect 10% of the money influx from global assets from just gold and global currencies (coins and banknotes). Gold represents the value of around $7.7 trillion and coins and banknotes represent the value of $7.8 trillion. Together they are worth $16.5 trillion dollars. So let’s take 10% of this sum and invest into crypto which can easily come. Why easily? Cash is close at hand and can be easily spent. BTC is to be considered as a digital gold. We are sure you heard it many times. So there is no any reason why that 10% shouldn’t go to BTC or any other cryptocurrency. So let us do the math. 10% of $16.5 trillion is $1.65 trillion. The current dominance of the BTC is around 50%. Let’s say $857,5 billion goes straight to BTC. So the current market cap of BTC is $113 billion. It means we would have a massive demand on BTC making its capitalization 8,5 bigger (we added 857,5 + 113 as the total market cap of BTC). So, as a result, we should have 8,5 times higher price of the one BTC which would be at the level of $ 55 000. So we would like to see such numbers. Preferably before Christmas 2018. This would be the best Christmas gift ever! Do You like such scenario guys? What are your expectations towards this Christmas? BTC price on such level, new Lambo or pair of socks? Massive HUGS! WBM Team
BITFINEX:BTCUSDLong
by WBM_Team
2
S&P500 futures index is about to break all time highsS&P500 futures index is about to break all time highs again breaking the weekly supply barrier at 2879. Clear long term longs bias with new weekly and demand demand levels being created. Expecting a breakout of all time highs that will probably last for a couple of weeks before it retraces again. A very similar scenario has already happened on Russell 2000 and Nasdaq futures indexes. Similar weekly supply zones have been eliminated and price retraced to the newly created weekly demand level.
CME_MINI:ES1!Long
by AlfonsoMoreno
3
The Effect of Futures Expiration and ETF Decisions on BTCAll traders and investors should be aware of two sets of key dates in BTC: 1) The date that Bitcoin Futures contracts expire (shown on the chart in black in the past, and orange in the future) Futures contracts let traders bet on whether the price will rise or fall, without actually having to hold bitcoins. Whilst in principal the start of these should push the value of BTC up, the dates that these contracts expire has never coincided with a bullish few days in Bitcoin (although the effect, if indeed there is correlation, thankfully seems to be short term). In fact the very first futures expiration was December 17th 2017... coinciding with Bitcoin dropping like a rock from it's all time high of the previous day! This may have been coincidental, or the futures expiration just might have been the trigger for the beginning of the correction, which is always inevitable and necessary after a huge pump. Regardless, the next Bitcoin Futures contract (by CME) expires tomorrow 27th July and hence is unlikely to coincide with a bullish period. The epic bull run to a new all time high is more likely to come with my next point... 2) The date that a decision is given on a Bitcoin ETF (shown on the chart in green) If you haven't heard of the various Bitcoin ETF (Exchange Traded Fund) applications which have been filed you really should do some research - they will open the floodgates to literally billions of dollars from retail traders and individual accredited investors in the US public market and is widely anticipated to mark the start of the next moon shot in BTC. The US SEC (Securities and Exchange Commission) are due to give their next ETF decision on August 16th, although this is widely expected to be delayed to September. However market sentiment remains positive on the impending decision and likely the reasoning behind the recent pump in BTCUSD as this anticipated approval is being priced in. I say "anticipated", but well-connected individuals may already have been advised of which way the decision is going to go. On the other hand, this could be a bull trap, it's very hard to say. "With the release of an ETF, this allows investors to add BTC to their retirement portfolio. Global Pensions Market: $41.3 trillion. If BTC captures just 1% of global pensions, that would create $413,000,000,000 of exposure for cryptocurrencies." These Bitcoin Futures expiration and ETF decision dates may or may not be included in your trading and investment strategies, but they are at the very least worth being aware of. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITSTAMP:BTCUSD
by BCryptological
6
Dow Jones Mini FuturesIs it at all possible that the DJI may have topped? I haven't done an in-depth EW analysis, and lets face it, I am no expert. But: 1. A trade war (between the USA and China, Canada, the EU, and Mexico etc) seems more likely than unlikely (whatever your beliefs may be about the benefits vs costs long-term for American Businesses and populace, I find it hard to make a case for anything apart from increased costs and uncertainty in the short to medium term), 2. There seem on the face of things to have been at least five sub-divisions of the 2009 to present trend, which (three waves with and two smaller waves against the trend) would suggest the DJI is now in a corrective phase. On purely technical grounds I would consider a short trade, targeting the lower TL with a mild possibility that the short may have been entered slghtly too early. This short is based on: 1. EW count, 2. trend-line resistance 3. Bearish RSI divergence I'm not a professional and this analysis is undertaken entirely for my own education and to keep in touch with the markets.
CBOT_MINI:YM1!Short
by flyinkiwi10
Soubean Futures Bearish outlookAfter seeing such a steep recent decline I started looking for signs of a bullish bounce. Unfortunately, it looks brutal: 1. recently retraced more than 100% of previous up-move, which indicated additional consolidation / correction is needed. 2. While it is a little messy, I can make out a 5 wave down move from the 2012 highs. This would mean we are likely only slightly over half-way in the current correction. 3. The symmetrical triangle is also likely part of primary wave B (which often takes the form of a triangle) and it indicates continuation in this case. If there wasn't significant selling pressure then wave (C) would normally surpass (A). The move could go to $270 if the primary wave C meets a 1:1 extension of wave A. If I end up trading this I will lock in profits along the way in case primary wave C doesn't meet a 1:1 extension. I am not a financial professional. This is a 100% technical analysis and has not considered any fundamental factors. I prefer to present both views normally, but if there is a bullish case I can't see it from the price action alone.
SShort
by flyinkiwi10
ES1! - TESTING 0.382 FIB RETRACEHere we have a 45 min chart of the ES1!. The ES1! rebounded nicely yesterday fueled by a 45 min squeeze firing off to the long side late in the day. The ES1! is now testing the 0.382 Fib retrace level of the 3/13 high to the 3/23 low retrace. If it fails to break through this resistance level, look for a reversal to the downside. Also note that a 45 min squeeze is once again active. The direction that this squeeze fires off will add to the momentum of the price movement coming off of the 0.382 Fib retrace level. Happy Trading! ~KP
CME_MINI:ES1!
by pisaniello