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WTI Crude Oil: Short Opportunity, Will it Back to under $60?Hello, Fellow Global Forex Trader. Here's a Technical outlook for Crude Oil! Price Action Analysis On the Daily Timeframe, USOIL is moving below EMA200. Then, the Commodity retested the multiple rejection area and formed a symmetrical triangle pattern, indicating a possible downside movement. The MACD Indicator made a death cross, signifying a potential downside movement to the target area. On the H4 Timeframe, Crude OIl also created a breakout of the double top pattern, confirming the bearish scenario ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/ resistance area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Crude Oil"
TVC:USOILShort
by financialfreedomgoals101
2
Precious Metals are flying, let me help you find an entryGood morning fellow traders, With Silvergate and the Silicon Valley Bank collapsing last week, the new week will likely bring a lot of FUD and scare-mongering in the markets, fulling further macroeconomic uncertainties. As asset classes have all been trading lower in the past year, inflation is increasing to new all-time highs, and war waging in Ukraine, retail investors have already had a tough time keeping their money safe, now even the banks are collapsing, exposing even the banking sector to market risks. It is tougher than ever to keep your money safe, where do you store your values? Understanding the macroeconomic factors, it makes a lot of sense to look at precious metals, to diversify your portfolio but also for trading. I like to trade in the same direction as the fundamental economic principle of an asset is applied. Precious metals have historically been a hedge against uncertainty and inflation, and with the downfall of Silicon Valley and its flagship banks, there hasn't been a better time to look at the shiny metals. Also, Gold and Silver have been trading in their respective ranges for more than a year now, being oversold as we speak, with all that in mind, let me help you find an entry for this potential trade opportunity! Silver presents itself with more clear entry points than Gold. Here is my Game Plan for Silver: - Further consolidation around the resistance of 20.85 - Clear push above 20.85 and nearly touching 21 - Pullback onto 21.90 - Further consolidation of price between 20.80 and 20.95 - Entry upon price going through 21 - Stop: 20.6 - Target 1: 21.3 - Target 2: 21.9 I will be trying to skim most of my profits on Target 1 as precious metals did not have an easy start into the year and I am not 100% convinced so far that retail investors will panic into precious metals in a big way, for that to happen, we need a big bank going under in my opinion. But we could catch a move of spooked investors trying to save their money from further downside in the legacy markets. With all this FUD in the markets, it is more important than ever to understand why checklists for trading are important to have, they prevent you from entering the market at the wrong moment. Be sure to follow me on my Tradingview for more checklists and ideas coming up this week. Please like, share, and subscribe. Have a great day champions! Best CH
OANDA:XAGUSDLong
by TraderCHgold
USDOLLAR: Stronger Dollar Ahead As the Fed Remains Hawkish?Hello Fellow Global Forex Trader, Here's a Technical outlook for USDOLLAR! Price Action Analysis USDOLLAR is moving in the bullish continuation trend. Furthermore, a breakout of the descending broadening wedge pattern signals a potential bullish scenario. The MACD Indicator made a golden cross, signifying possible upside movement to the target area. Fundamental Drives - The Fed Officials Keep Up Hawkish Calls - Rising U.S Treasury Yields All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/support area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDOLLAR"
FX:USDOLLARLong
by financialfreedomgoals101
2
Nutrien - Fertilizer Plays Into Growing Season, But a Coinflip2022's droughts and the Ukraine War put a lot of the world's food supply into question. Food commodity futures had a pretty bullish year. Since we're in mid-February and Western Hemisphere growing season is right upon us, fertilizer stocks are really worth paying attention to. Food scarcity is an even bigger issue with the Wuhan Pneumonia pandemic smashing Xi Jinping and his Chinese Communist Party over in Mainland China. The Party claims less than a hundred thousand people have died from COVID since this all began. But the Party is obviously lying about that, since China had 1.4 billion people and was the epicenter of the virus. America is on the other side of the ocean and lost 1.1+ million people. My point is that if China has really lost, say, 40 or 50 or 100 million people to the pandemic, the Party will need to import crops because there won't be all that many farmers around anymore to do the work of feeding the regime. This should be a bullish situation for food commodities and fertilizer. Nutrien is one of the market leaders, but this is a really difficult setup, a lot like flipping a coin, and here's why. 1. A monthly microgap at $64 that the algorithm spent a lot of effort keeping lows away from 2. Already a 40%+ retrace, but new lows haven't been set. 3. Daily bars show a perfect continuation of the downtrend line 4. Weekly bars show a sweep of the downtrend line 5. Earnings is Feb. 15 So, here's what I think at the moment. It's something of a gamble, but I think you can generate Alpha with puts on Nutrien before earnings. I say this, but realize that "generating Alpha" doesn't buy rice at the grocery store. It's like Sklansky Bucks in poker. Cool, you got +EV, but the donk took all your money. At least you can post a bad beat, I guess. In this case I think the play is not as unrealistic. Another fertilizer giant, CF Holdings, has earnings the same day: Feb. 15 postmarket, and started doing the bearish "orderblocking" thing two sessions ago These patterns before earnings are generally (emphasis on generally ) harbingers of a big gap down coming. The logic being that sell orders are being filled in anticipation of what smart money's big data analysis has already very accurately determined is about to happen Monday you get an FOMC member jawboning and Tuesday we get the dreaded CPI printout. It's a lot of volatility confluencing together in one big coagulate and if you guess right you win a cookie and if you guess wrong Wall Street guys will pay stripers with your money at 11:00 PM happy hour. In Nutrien's Q3 '22 financials the company told investors that they expected demand to be hot going into _fall_, and not spring, "Weather has been favorable in North America and we anticipate that the rapid pace of harvest will support strong fall ammonia demand and normal application rates of potash, phosphate and crop protection products." They also said, "We have lowered our global potash shipment forecast to between 60 and 62 million tonnes in 2022, largely due to the impact of higher-than-expected inventory and cautious buying in North America and Brazil during the second half of 2022." These two factors contrast against expectations from the company that expectations of higher 2023 commodity prices will lead to an increase in farm production, while noting that Ukraine will be down some 45% because of the war, notable because they were pretty much the world's wheat kings. Also noteworthy is Q3 was a big revenue/EPS miss for Nutrien. Estimates were 3.85 EPS and came in at $2.49. Revenue was $8.53B and came in at $7.91B. Q4 is a lot easier of a goalpost to hit, with estimates at $2.534 EPS and $7.392 Revenue. A miss here would (logically) definitely be a dumpster. So, ultimately, I think $110 Nutrien will come, and we may very well see this in the later part of '23, if not the early part of '24. But before then, it seems that the $60s are imminent. So, I'd rather do puts on CF than Nutrien into earnings as it stands, but staying flat and playing the consequences is a lot less risk. The two areas to watch for on Nutrien: 1. $63 to buy 2. $110 to sell It would be a big, bullish deal if Nutrien doesn't break this daily trendline and just dumps on earnings. $65 commons prices and 3-6+ month expiry call options should definitely be a fat return if you can ride it to the top.
NYSE:NTR
by LordWrymouth
2
I am BACK :) Hello TradingView :) ITs been a minute since I was active in the community. Last post I made was last year in June 2022. Many things have happened that lead to my away and absence from the community, social media and more. I took a much needed break from being infront of the screen, camera and people. IT has been a good time to spend with family. But, after 8 months or so, I feel its a good time to get back to trading community and social media once again. To start sharing trading analysis, forecast, and market updates. I want to resume the market outlook/update stream like before, and start to create more educational contents for everyone once again. IF you are one of those who have supported me during the last 8 months, I greatly appreciate it. Although I dont reply directly on TradingView or other social media pages, I read the comments and feel posiitive from your encouragement. Thank you very much, and hope to see you all in the live streams to come. :) Cheers Jojo
OANDA:XAUUSD
by jojofang0901
145
Is Gold telling us something?Gold is forming a picture perfect Bear Flag. If this pattern breaks and triggers we have 2 downside targets. The importance of analyzing this pattern is Gold encompasses much of the macro landscape in its price action. If Gold is acting bearishly based off this pattern it could be foreshadowing a dollar strengthening. It could also foreshadow perhaps a good jobloss claims number tomorrow that could force yields higher. Whatever the catalyst may be, based off of this pattern were likely to see some additional weakness in the near term unless we break out of the bear flag upper range.
TVC:GOLDShort
by Trading-Capital
XAUUSD D1: TP BULLS 2000 USD V-shape recovery(SWING SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2500+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! XAUUSD D1: TP BULLS 2000 USD V-shape recovery(SWING SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG as I expect GAINS until 1950/2000 USD 🔸 Summary and potential trade setup ::: XAUUSD 1days/candle chart review ::: updated/revised outlook ::: strong bull run / pump in progress ::: V-shape recovery in progress ::: BULLS maintain strategic advantage ::: all shallow dips get bought up ::: off the triple bottom formation ::: 1950 USD / 2 000 USD - major/heavy S/R ::: expecting uptrend to resume after pullback ::: no pullbacks in sight currently ::: BULLS should focus on buying dips ::: final TP - BULLS will hit 2 000 USD ::: strong bullish impulse in progress so bulls ::: BULLS maintain control after recent PUMP ::: short-term range bounce price action / SLOW ::: then expecting REVERSAL get ready to BUY LOW ::: LOW risk strategy BULLS: BUY LOW near market price ::: TP bulls is TP1 1950 USD TP2 is 2 000 USD ::: BEST/recommended strategy: see above MARKET BUY ::: slow grind until we hit major resistance ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 1945 USD fresh demand zone ::: 2000 USD fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: range/bulls ::: Sentiment mid-term: BULLS/REVERSAL/2000USD RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDLong
by ProjectSyndicate
16
Gold is about to breakout above $2k - Here we goThe Fed and US economic data will likely prompt s big move in Gold/Silver over the next 36+ months. My read on the data is that we are starting a price cycle that is similar to 2002~2005 again. Early bullish trending throughout 2002~05 prompted a massive 500% rally in Gold - reaching a peak in 2011. If that happens again from the $1700 support level, we may see Gold reach levels above $11,000 by 2027~28. This is NOT the same market condition as 2019~2022. Follow my research
COMEX:GC1!Long
by BradMatheny
2
What an incredible rally in GOLD from Support - what's next?This incredible rally in Gold won't really end until prices reach levels above $2250. My target is closer to $2400 - but we'll see how things play out. Overall, Gold moves in $350 price phases. From recent lows, the top of that $350 price phase is near $1985. I would suspect a moderate pause/pullback after reaching the $1985 level. The low of that pause/pullback will prompt another $350 upward price phase. If we assume the low of the pullback will be near $1900, then the upper target of the next upward price phase will be $2250+. Eventually, as Gold shifts into a parabolic phase, those $350 price phases will increase.. A. $481 B. $525 C. $566 D. $700 As the speculative phase in precious metals continues, we'll see varying expansion/contraction phases until the peak is reached after 2027~28. Hang tight, this is just getting started. Follow my research.
COMEX:GC1!Long
by BradMatheny