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Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21. In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test. We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get at the levels marked . I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel . If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel . Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region . Trade the range Until it Breaks was some great advice that I was taught ! Always Know your Invalidation and Have a Trading Plan ! Share Comment and Like ..Appreciated
COMEX:SI1!
by SJTRADESFUTURES
Futures Levels | Week Ahead Sept 19 (ES, YM, NQ, RTY, ZN, GC)Yoooo Speculators - let's look at some levels in the futures stock indices following a telegraphed week of selling into last Friday's quad witching. Overall, the markets have cooperated with our most recent analysis that suggested shorts in the NQ and ZB. Now, I'm gonna go out on a pretty firm limb (you know, since markets never go down), and say that we're probably close to the end of the selling in this cycle. FOMC policy statement on Wed. Trade Like You Mean It!
CME_MINI:ES1!
by RodCasilli
Markets are weak. I sold RTYI sold Russell at 2248. The markets look real weak, more than I see in just a few years. My friend HK_L61 has real good material on her page. check it out. So smart and has so much information. My opinion, if RTY and more specific M2KZ2021 break below 2213-2215 then markets headed for real big problems. And big profit for me. Of course use good risk management and stop loss. Inflation still concerning in spite for today's news. See how Fed reacts. My dynamic MA moving down. I will get a entry trigger this hour, so I decide to get head start, with safety. volatility maybe to get very crazy. Buying VIX maybe not a bad idea either. support for sell: dynamic moving average falling. Price repeated rejecting by 20 MA. Daily trend down, and I see good reason we will just about make a lower low on daily. If so, watch out below! yesterday lowest volume on 3 month period on Russell.
CME_MINI:RTY1!Short
by UnknownUnicorn11430563
8
NQ Short Levels & Short 30Y Bond (ZB1!)A great feature of TradingView is the ability to walk-forward price to see the outcome of our analysis. In this video, I revisit a short idea in the Nasdaq 100 Futures Contract and look at potential support levels now that a minor pullback is underway. I also highlight a new short position in the 30Y Bond (ZB1!). I misspoke when pulling up the interest rate chart and said 10Y rate when I was looking at the 30Y. The trade is in the 30Y Bond. Rates dropped significantly today following the CPI release.
CME_MINI:NQ1!Short
by RodCasilli
4
Gold- sitting on support.you can see by the chart that Gold is sitting right on support on adaptive moving average. If Gold close this 4 hour candlestick up above this support than it may be good chance to buy the dip. Because volatility be real high now with gold, adaptive moving average should be moving down, but it not budge hardly. This to me means that gold was not overextended/overbought to begin with before dipping. Thus, this may be good spot to buy, but only if it still sits on or over support at close of 4 hour candle. Ms Bunny.
COMEX:GC1!Long
by UnknownUnicorn11430563
8
Fossil Fuel Fury: Natural Gas Takes The Bullish BatonNatural gas is combustible as producers extract the energy commodity from the earth’s crust. The energy commodity’s price action has been equally volatile since the CME’s NYMEX division rolled out futures contracts over three decades ago in 1990. Natural gas probes above the $5 level- a nearly eight-year high Heat and storms have been bullish LNG demand is booming US energy policy- lower supplies when the demand is rising- A potent bullish cocktail Approximately ten weeks to go in the injection season- Inventories are low The nearby NYMEX natural gas futures contract has traded from a low of $1.02 to a high of $15.65 per MMBtu. The futures price reflects natural gas’s value at its delivery point at the Henry Hub in Erath, Louisiana. The Henry Hub price is a benchmark. Local prices can vary and trade a substantial discount or premium to the nearby NYMEX futures. Massive discoveries of quadrillions of cubic feet of natural gas in the Marcellus and Utica shale regions of the US had weighed on the price over the past years. Technological advances in fracking lowered the production cost. Since necessity is the mother of invention, the demand side of natural gas’s fundamental equation rose with supplies as natural gas replaced coal in power generation and liquification opened a new demand vertical. LNG now travels worldwide via ocean vessels and is not limited to pipeline transmission. After falling to the lowest price in a quarter of a century in late June 2020 at $1.432 per MMBtu, the price has more than tripled. Last week, it probed at over $5 per MMBtu for the first time since February 2014, during the heart of a colder than average winter season. Natural gas probes above the $5 level- a nearly eight-year high With the start of the 2021/2022 winter season still over two months away, the natural gas futures market was in full winter mode last week as the price exploded higher. As the daily chart of October NYMEX natural gas futures highlights, natural gas futures eclipsed the $5 per MMBtu on September 8 and rose to a high of $5.058 on September 10. Natural gas has made higher lows and higher highs throughout the 2021 injection season, with the latest highs coming last week. Open interest, the total number of open long and short positions in the natural gas futures market, rose in June and remained elevated as the price continued its ascent. The metric was at the highest level of 2021 last week and the highest level since early 2020. Increasing open interest when a futures market price moves higher is typically a technical validation of a bullish trend. The move above $5 was a significant event for the natural gas market. The monthly chart illustrates that natural gas futures rose above a critical technical resistance level at the November 2018 $4.929 per MMBtu peak. The energy commodity rose to its highest price since February 2014, a nearly eight-year high. The next technical target stands at the 2014 $6.493 high. Meanwhile, natural gas futures had not traded above $5 in September in thirteen years since 2008. At the end of last week, nearby natural gas prices have risen by 251.3% from the 2020 $1.432 low to a closing price of $5.031 on nearby futures on September 10. Heat and storms have been bullish It may be early for natural gas to soar on seasonal factors as the beginning of the withdrawal season in mid-to-late November is still two months away. However, the price had been trending higher as the summer was warmer than average, increasing cooling demand. Moreover, the devastation caused by Hurricane Ida pushed the energy commodity to new highs. In mid-September, we are still in the dangerous period when storms can wreak havoc with natural gas infrastructure along the Gulf of Mexico. Since natural gas replaced coal as the primary energy commodity generating power, cooling during the summer season has seen natural gas demand rise. For many years, natural gas was a winter commodity, but electricity requirements have made demand a more year-round affair. LNG demand is booming Natural gas discoveries and technological advances in extracting the energy commodity from the earth’s crust via fracking fostered a new demand vertical. In the past, natural gas only traveled by pipelines, limiting demand to mostly landlocked areas. Liquefication evolved the market as it now travels around the globe to areas where the price is higher. Natural gas prices are rising worldwide. On Thursday, September 9, in an interview on CNBC, Cheniere Energy’s (LNG) CEO said the company is “sold out” of LNG for the next two decades. Cheniere is doing so well it plans to pay shareholders a dividend. LNG shares reached a bottom in 2020 at $27.06. At $88.05 on September 10, the leading US LNG company’s stock was 225.4% higher as it almost kept pace with the energy commodity. The bottom line is LNG demand is booming and has caused natural gas to trickle instead of flow into storage over the past months. US energy policy- lower supplies when the demand is rising- A potent bullish cocktail While the weather, LNG, and overall inflationary pressures have provided lots of support for natural gas prices over the past months, the most significant factor has been the dramatic shift in US energy policy. The Biden administration has put the US on a greener path towards renewable, cleaner energy. Fossil fuels like oil and gas have been pushed aside as the administration addresses climate change. The Obama administration did the same with coal, which became a four-letter word in the US energy sector. The fact is that fossil fuels continue to power the world. It will take decades for technology to replace oil, gas, and coal with wind, solar, and other renewable energy sources. Even if the US and Europe move to alternative energy sources, the world’s most populous countries, China and India, are likely to continue to burn fossil fuels. While natural gas is up 251.3% from the 2020 low, coal gas has done even better. The chart shows that the price of thermal coal for delivery in Rotterdam rose from $38.45 per ton at the 2020 low to $169.55 at the end of last week, a gain of over 340%. In a world starving for energy, fossil fuel prices are on fire. In 2021, the Biden administration canceled the Keystone XL pipeline, banned fracking for oil and gas on federal lands in Alaska, and is increasing regulations and taxes on the fossil fuel industry. Meanwhile, the administration gave the go-ahead for a natural gas pipeline from Russia into Germany. The twenty-year war in Afghanistan ended, but the US war on hydrocarbons to battle climate change is only getting started. Meanwhile, the administration calls climate changes an “existential threat” to the world. It took twenty years, four US Presidents, billions if not trillions of dollars, and many lives to replace the Taliban with the Taliban. It seems a bit hypocritical to transfer the production and pricing power in crude oil back to OPEC+. It took decades for the US to achieve energy independence. The current administration has replaced OPEC+ with OPEC+. Oil, natural gas, and coal are fossil fuels. Climate change is a global issue. The world continues to depend on these commodities. The US retreat only hands to other countries that will now dominate pricing. Moreover, the transfer occurs as the demand is exploding, putting more upside pressure on traditional energy prices. Approximately ten weeks to go in the injection season- Inventories are low In around ten weeks, the natural gas market will move into the 2021/2022 withdrawal season, when inventories begin to decline as heating demand rises. We are moving into the peak demand season with stockpiles at low levels. As of September 3rd, 2.923 trillion cubic feet of natural gas were stored throughout the United States in preparation for the upcoming winter season. Stocks are 16.8% below last year’s level and 7.4% under the five-year average for the beginning of September. At the end of the 2020 injection season, natural gas stocks rose to a high of 3.958 trillion cubic feet. An average injection of over 100 bcf per week would lift inventories to that level. The robust demand for LNG, lower production, and the regulatory environment under the current administration means that there will be the lowest level of natural gas in storage at the beginning of the winter months in years. A cold winter could cause a shortage of the energy commodity. Meanwhile, heating homes will be costly during the coming winter season. If temperatures are colder than average, the bullish party could become parabolic for the volatile energy commodity. Natural gas reached a milestone over the past week as the price moved above the $5 per MMBtu level for the first time since 2014. In early July, NYMEX crude oil traded at its highest price since 2014. Coal is at a thirteen-year high. The Taliban now controls Afghanistan, again. The US was formerly the world’s leading energy producer. The current green energy path means that energy independence has also slipped through the administration’s fingers. Bull markets rarely move in straight lines. Corrections can be fast and furious. However, the trends remain higher, and a new set of fundamentals support higher lows as the bullish fossil fuel frenzy is no flash in the pan. -- Use the link below to sign up for early access to articles. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
NYMEX:NG1!Long
by Andy_Hecht
1
ES1! Futures - The beginning of something greatIve been trading futures recently and man.. im falling in love, I love the choppy yet directional trend that allows for predictable swing trades. Wide swings but respect the trend.. for now.. S&P 500 futures are sitting at a make-it or break-it level currently. I'm watching this closely as we will be able to determine if the short-term down trend continues into something bigger or if we return to an up-trend. The key levels im watching are the following retracement fibs: 4505.5, 4513.75, and the point of control at 4525.75. We are currently at the 2nd point of control and I see institutional longs accumulating, which is why I consider this a very important level. We need to break past the down trend and clear the .382 fib level. If we fail to clear any of those levels we can assume the down-trend will continue. IF these levels are breached, I would expect parabolic moves to the upside with long continuation and vise versa if they fail to clear the retracement levels. I entered long positions at the 4480 level, laddering my exits at the retracement levels. Watch these levels closely as they can provide good entries and a broader overview to follow the trend. IF the 4480 support is broken, we can expect futures to move substantially lower at the long-term trend line at, see screenshot attached.
CME_MINI:ES1!Long
by GeneticHustle
BTC Analysis Short Setup HTF HTF BTC Analysis I think the best trade right now is no trade but we can plan for the move ahead of us . In this case I favour a short off of the daily level highlighted which is confluent with the fib level shown . After the move up to the said level I would be looking to fill a short with the targets down to the 100EMA and the POC depending on other market metrics at that time . Always know your Invalidation and use a SL Like Follow and Share is always appreciated
BYBIT:BTCUSD.PShort
by SJTRADESFUTURES