Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends. This is not a prediction - it is an expectation based on hard facts that are out there. Yes - the markets are always right as I hold no power over the future. But there is...
I will be sorting Natural Gas for only 1 day (12/14/2016) I don't think Natural Gas has a clear direction right now, but I do think it is still in limbo, just at a lower level than expected. Thus I do forecast a drop back from the 10DMA levels of 2.737 to erase today's (11/14/2016) gains, but no movement lower, at least not this week.
After breaking out of a four month range the pound had a sharp decline against the dollar in October, since then the pair has been pulling back and it looks like we could be due for a further bearish decline,the pair has pulled back into a key Fib level and rejected.
The oil market in the following days will be very shaky but ultimately, it will reach $43 which is my first TP. From there on I am not sure about oil direction as the indicators on different time scales greatly contradict themselves and some data also contradicts other data and indicators.
As I expected, but wrong in terms of timing, oil is seeing an exhaustion in its downwards movement. Yesterday was the DCL according to Time Cycles . Additionally the Stochastics RSI looks dangerously oversold, which leads me to believe that the reversal to the upside will be very rapid. I expect the first selling zone to be $47-46.40 (blue rectangle). From...
Despite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in...
If we dip down low, longer time fractal might be in play. If not new highs could be happening early next year.
What I have included on this chart: A fibonacci Retracement A resistance line at 0.76812 A rising trendline underneath the lows of each swing low The resistance line and trendline creates a wedge pattern since the end of May unti the present; observing this...
In accordance to my previous idea, my sentiment on oil today and for the following days is bearish. On the weekly chart, oil looks to have a lot of room for downside with the MACD flat, just barely crossing over and the STOCHS signaling a reversal. I think if this pattern completes we should see $40 oil within the next 2 weeks. This of course should be helped...
After the contract rollover, NGAS lost it's downwards momentum. No special news were published during the intentories and thus I expect NGAS to just "hang out" between the BB (1H) until the BB closes on 4H and D. From there I expect opportunities to short below the current HCL. Expect this sideways state for at least 3-4 more days and...
I would like to apologize for my previous analysis on oil. Whilst the idea was correct, I falsly planted the fib retracement a nd got wrong levels. Apparantly, the new pivot point is at $46.1. Thus I changed my target to that. Other than the wrong levels, you can read "Oil hates uncertainty" for more information on the trade.
1 month ago today, OPEC unofficially decided that they would cut production by 32.5-33m br/day. That announcement sent oil into gains frenzy skyrocketing it to almost $52/barrel. That unofficial statement was not enough to make oil break the resistance and reach the expected price of $60/barrel. Now during the OPEC and non-OPEC members meeting in Vienna in...
nice trade on eur/jpy made 489 pips, could had been 1.625 pips..
After the really bearish response to what most consider good news for oil, I decided to open a new short position with tp $48.2. On the daily there is still room for downside and despite the contract rollover I think the gap will be filled over the next to days and proceed to move lower. Stop at $49.35
WARNING: Tomorrow is a massively important day for short holders. Firstly it is important to note that there is very big spread between December ($3.066) and current contracts. Furthermore, tomorrow invontory data is released. If you see December contracts gapping down tomorrow that is a very bearish sign and could indicate that there is a short opportunity...
long position on eur/jpy 1D Chart big target but maybe earlier exit at resistance
In the previous days a pattern has been observed where in the beginning of the day, NG tend upwards but around 10-11 a.m (BST) when volume starts picking up there is a reversal and the downside begins for the day. Thus, I think that every move before this time is just an opportunity to build a position. For those unable to trade futures - even more since DGAZ...
PAIR: GBP/JPY TTF: 1HR TRADE: POTENTIAL PATTERN SETUPS NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart