All set for $35?$35 is my first target. Have a tight stop loss at 27. Must stay above 27 for it to reach $35. Chart looks bullish with consistent higher highs.
Russia
GOLD to 1400???"The Bank of Russia, the country’s central bank, has surprisingly announced a fixed price for buying gold with roubles" - The Conversation 05/04/2022
Announcement: 5000 Rubles per gram tied to Gold! - As of March 28 2022
Just an insight of how this may impact the price of Gold:
There are 28 grams in each ounce. 28 grams for 5,000 rubles per gram is 140,000 rubles.
When we analyse the conversion rate of rubles into US dollar; 100 rubles, 90 pounds, for each US dollar.
If the rubles are tied to gold at 5000 rubles per gram, and there are 28 grams per ounce, which means that an ounce of gold would cost 140,000 rubles, then the conversion into US dollars means that gold costs 1400 dollars per ounce when used the rubles, instead of 1,928 dollars by ounce using the dollars.
Russia just wiped out about 30 percent (30%) of the US dollar worldwide when it comes to gold ingots.
People all over the world are literally throwing their money on the ruble and throwing away dollars and euros to do it.
Now, when we look at price we can see key reversal signals with strong Demand zones around 1550 and 1400. Personally, I believe these levels will be met!
US oil / WTI strong support on 4HIt seems WTI is not able to break this zone. That means it's currently a pretty nice buy zone!
CITIGROUP: earnings coming soonNext week will be published the US most important banks earnings and among them, Citigroup is for sure the one with the best focus. In particular, the US bank is the one with higher exposition in Russia: almost 10 billion dollars.
So, what can be the next scenario?
I'm short on CITI due to both fundamental reason and technical reason:
We are in a short trend, so basically, being trend follower, I will search for retracement to be in.
CCI oscillator gives long signal plus bullish divergency on the price. This can give the necessary boost to the stock to retrace up to 56-58 dollars before getting back to its lowest price.
US Brent Oil Should Get More CheaperBrent Oil can get more cheaper due to Russia Ukraine Cool off.
Moreever. In a short term or long Term it can test lower levels
Levels as per dynamic Support & Resistance.
USOIL Strong buying opportunity around 95 zoneHi traders, Welcome to Tournesol signals. USOIL is on a bullish trend. in this week we are waiting to buy around 95 zone.
Remember to play safe.
Tournesol.
$USOIL barrel hyperinflation 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
XAUUSD LONG TO 2140If you scroll through my page, you’d remember I posted this alternative analysis a few weeks ago. This is still a possibility hence why I am hedging my buy with a sell.
Before the next leg of the Gold market goes higher, we still need a liquidity sweep below the previous Wave 4 in order to fill the imbalance. The current choppy price action would make sense as it would be considered a corrective wave, rather then an impulse. FOMC tonight could break the current range. I will be catching this move on behalf of myself & my Account Management investors.
Let me know if you agree and drop a like. All my socials are on my TradingView profile. Follow my page for more free analysis!
Long Emerging Markets as the World DeDollarization BloomsAll the empires and dynasties I studied rose and declined in a classic Big Cycle that has clear markers that allow us to see where we are in it.
This Big Cycle produces swings between
1) peaceful and prosperous periods of great creativity and productivity that raise living standards a lot and
2) depression, revolution, and war periods when there is a lot of fighting over wealth and power and a lot of destruction of wealth, life, and other things we cherish
EURGBP bearish scenario:EURGBP runs lower yesterday. The EURGBP is following the EURUSD's move and in the process has shifted the bias back to the downside. Investors remain worried that the European economy, which relies heavily on Russia to meet its energy needs, will suffer the most from the spillover effect of the Ukraine crisis. But Bank of England had softened its language on the need for further interest rate hikes should act as a headwind for the British pound and help limit losses for the EUR/GBP cross.
In this pair, technical analysis shows a technical figure Rising Wedge. The Rising Wedge broke through the support line on 06/04/2022. EUR/GBP is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 11 days with a target of 0.82025. According to the experts, your stop loss should be around 0.08513 if you enter this position.
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Energy & Inflation - The Chickens Come Home to RoostThe worldwide pandemic gripped the markets two years ago, throwing the global economy into a brief tailspin. In hindsight, the decline in markets across all assets seems like the blink of an eye. At the time, it felt like an eternity.
Crude oil explodes and becomes very volatile
Natural gas at an unseasonal high
Coal reached a new record peak
US energy policy lit the fuse
Ukraine and inflation are pouring fuel on the fire
Energy demand evaporated, sending landlocked NYMEX crude oil below zero for the first time since trading began in the 1980s. Seaborne Brent petroleum fell to the lowest price of this century at $16 per barrel. Natural gas dropped to a twenty-five-year low at $1.432 per MMBtu, and coal prices fell under $40 per ton.
Central Bank liquidity and government stimulus that stabilized the economy ignited a recovery that began lifting prices. Two years later, the meltdown turned into a melt-up as raging inflation and the first significant war on European soil since World War II turned one crisis into another. The chickens came home to roost in the energy markets as prices went from famine to feast for producers and feast to famine for consumers.
Crude oil explodes and becomes very volatile
In March 2022, crude oil rose to the highest price since 2008 and blew through the $100 per barrel level as a hot knife goes through butter.
The monthly chart shows that after probing above $100 in late February, nearby NYMEX crude oil futures rose to $130.50 in March, before pulling back to just below the triple digit price at the end of last week.
The quarterly chart shows that the energy commodity rose for the eighth consecutive quarter in Q1 2022.
Nearby Brent crude oil futures, the benchmark for European, African, Middle Eastern, and Russian petroleum, exploded to $139.13 per barrel in March before pulling back to the $104 level on the June futures contract.
While crude oil corrected from the high, the price has been highly volatile, with $10 daily trading ranges becoming the norm instead of the exception.
Natural gas at an unseasonal high
The natural gas market moves into the injection season in late March as heating demand declines. March tends to be a bearish time in the natural gas market because of the energy commodity’s seasonality.
The monthly chart shows that nearby natural gas futures rose to a high of $5.832 in March, the highest level during the month that ends the withdrawal season since 2008. On April 1, the price was over the $5.70 per MMBtu level, more than double the level at the start of April 2021.
Coal reached a new record peak
Coal, the fossil fuel that environmentalists consider a four-letter energy commodity, rose to a new record high in March.
The monthly chart of thermal coal futures for delivery in Rotterdam, the Netherlands, shows the price reached a record $465 per ton in March before correcting to the $265.40 level. Meanwhile, the price remained above the previous record high from July 2008 at $224 per ton.
US energy policy lit the fuse
As the energy demand made a comeback from the lows during the second half of 2020, the change in US administrations planted very bullish seeds for fossil fuel prices. The shift in US energy policy was symbolic and real. On his first day in office on January 21, 2021, President Biden signed an executive order canceling the Keystone XL pipeline, fulfilling his campaign pledge to address climate change. Environmentalists and progressive Democrats called the US addiction to hydrocarbons an existential threat.
In 2021 and 2022, the administration banned drilling and fracking for oil and gas on Alaska’s federal lands and tightened regulations on hydrocarbon production. All the while, the demand for gas, oil, and coal was rising. OPEC+, the international oil cartel, and its partner Russia maintained production cuts as they received a gift from the US administration. In March 2020, USD petroleum output led the world at 13.1 million barrels per day. The shift in US energy policy to favor alternative and renewable fuels and inhibit hydrocarbon production and consumption handed the pricing power back to OPEC+ on a silver platter. After decades of striving for energy independence, the US surrendered it in a matter of months.
As the price rose, the Biden Administration continued to pander to its party’s progressive wing with green energy rhetoric while begging the cartel to increase output thrice. On each occasion, OPEC+ not so politely refused, and the oil price continued to rise. Meanwhile, natural gas and coal shortages pushed those commodities to multi-year highs.
The bottom line is that while addressing climate change is a noble cause, it is a multi-decade project. The US and worldwide consumers continue to depend on the hydrocarbons that power the globe. The shift in energy policy planted very bullish seeds where oil wells, gas fields, and coal mines once produced the energy commodities on US soil. An unexpected event made the prices combustible.
Ukraine and inflation are pouring fuel on the fire
In previous articles before the invasion, we wrote that the February 4 meeting between China’s President Xi and Russian President Vladimir Putin was a “watershed event.” The $117 billion trade agreement was secondary to the “no-limits” support deal.
Twenty days after the leaders shook hands at the Beijing Winter Olympics opening ceremony, Russia invaded Ukraine launching a bloody and devasting war that created a massive schism in the geopolitical landscape. Sanctions on Russia, retaliatory measures, and heated rhetoric ignited an explosive fuse in fossil fuel markets.
In crude oil, the price rose as Russia is a leading producer. Supply concerns pushed the Brent and WTI futures markets into backwardations where deferred prices were lower than prices for nearby delivery. The price eclipsed the $100 per barrel level for the first time since 2014 and reached the highest price since 2008. Asian and European natural gas prices were trading at much higher levels than the US Henry Hub price before Russia’s invasion. Meanwhile, European natural gas prices exploded to a new record peak in March.
The chart of ICE UK natural gas futures speaks for itself with the explosive move to a record peak in March. LNG changed the US natural gas market over the past years, expanding its reach beyond the North American pipeline network. LNG now travels the world by ocean tankers, making US domestic prices more sensitive to worldwide levels. In the wake of Russian aggression and European sanctions, Europe is attempting to wean itself from its addiction to Russian natural gas, increasing the need for US LNG imports. The increase in demand has put upward pressure on US natural gas prices and downward pressure on inventories, which were over 14% below the five-year average for the week ending on March 25, 2022.
In the coal market, China and India have had a healthy appetite for the dirtiest fossil fuel. Moreover, rising oil and natural gas prices put upward pressure on coal, a less expensive alternative.
Meanwhile, rising inflation is causing production costs to rise as labor, equipment, and all other aspects of extracting fossil fuels and all commodities from the earth’s crust have skyrocketed. Rising energy prices are a root cause of increasing inflation, but it has become a vicious cycle that also impacts energy output costs. The February US inflation data ran at the highest level in over four decades.
Last week, the US President announced the release of one million barrels per day from the US strategic petroleum reserve. Taping the supplies could run 180 days, making it the most significant use of the SPR in history. Meanwhile, over the past decades, most SPR releases have not pushed prices lower, and some have caused rallies in the oil futures market.
US energy policy planted bullish seeds for fossil fuel prices in early 2021. It did not take long for the chickens to come home to roost. Now that consumers are pay $4, $5, $6, and $7 per gallon for gasoline, the administration calls higher prices the Russian President’s fault, a convenient political ploy. The perfect bullish storm in energy began long before Russian troops rolled over Ukraine’s border. The Russian leader and sanctions poured fuel on an already raging inflationary fire in the energy markets. However, US energy, monetary, and fiscal policies were the original arsonists. The base prices for oil, gas, and coal will remain elevated for as long as the eye can see. Buying dips is likely to be the optimal approach to the sector. Since corrections in commodities markets can be brutal, adjust your risk-reward horizons to reflect wide price variance.
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$UVXY market rally slowing down? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Bitcoin and the US markets all seem to be losing steam after rallying for the majority of the month of March. My team is now expecting the markets to retrace and behave bearish leading into the month of April.
Some US states have been proposing a possible stimulus check to residents to help fight inflation. This may send the markets higher, but in our opinion, this would be an ignorant course of action and it is unlikely to pass. We believe that this would only delay the inevitable recession and cause the inflation situation to grow even worse. With this unlikely scenario being said, we still believe that now is the time to position ourselves defensively against the market.
My team will be using $UVXY again as our market hedge, and we hope to come out on top with it just as before.
We entered $UVXY today at $14.25 per share. Our take profit is set at $18 with a stop loss at $13.25.
ENTRY: $14.25
TAKE PROFIT: $18
STOP LOSS: $13.25
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Bitcoin Daily TA : 04.04.22 As we can see the price broke the 46K resistance zone , now the price is consolidating above this level, by maintaining the support in 44K zone , we can expect the price to rise to the Equilibrium (50% fib ratio of the main downtrend) in the range $ 49,500 to $ 52,000, if this rsistance is broken, one of the most appealing and important ranges for saving profits of whales and institutions is from 52K to 56.5K range ! Important price supports are $ 44500 and then the range of $ 40400 to $ 41,500, respectively! Targets will be updated!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.04.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Three Reasons to Be Skeptical of Higher Oil Prices... For NowOil broke down lower off news that Biden will start to use US oil reserves to the tune of 1M barrels per day and also considered adding more ethanol to gasoline to fight soaring costs. This was enough to bring oil down from the $100 handle, albeit briefly. We found support just above our level at 96.88, about 100 ticks north at 97.78 before we saw a nice pivot back to the $100 handle. However, the Kovach OBV is still very bearish after this selloff, so we will need more momentum to come through if we want to solidify the $100's again. If we drop further, then 96.88, 95.24, then 92.03 are the next targets. It does appear that oil has priced in the news, so we are likely to stabilize and form a value area in the low $100's, with $106 a likely target if that is the case.
Why you can lose your investments on SBER So technically we have the same picture like Alibaba - WXY
PUSRPOSE IS 68 rub
WHY WILL WE HAVE SO TOUGH FALL:
1) Short position denial
2) non-residents have no ability to sell
3) WE HAVE 1 TRILLION FOR BUYING STOCKS AND WE STILL DIDN'T SEE THAT MONEY IN THE DEPTH OF MARKET( FNB doesn't want to buy at these levels )
4)Traders are not fools and they are gonna make a lot of limit positions i guess
Make a screen if i'm gonna be right don't tell me that i didn't warned you :)
- If like my analysis subscribe and make a comment bellow about that stock
$SPY the illuminati 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
BUYING GOLD - LONG TERM CUP AND HANDLE PATTERN what just happened with the Russian Central Bank - pegged 1 gram of gold to 5000 rubles (about 50 bucks) at the same time, Putin made it so that Russian Gas and oil can only be purchased in Rubles.
Meaning: Putin basically just pegged Russian Oil and Gas to Gold, using paper rubles as
a proxy. Europe will need to either buy Rubles from Putin in Gold, in order to buy Gas and Oil, or they will have to buy directly in Gold. This means there will soon be more demand for Rubles and with 5000 to 1 peg and oil being priced directly in gold - we could see a massive price disruption in terms of how much Gold a USD can actually still buy.
Foreign Countries holding our dollar debt notes in reserve will see less of a use for them and will want to start dumping them, in order to get something more stable, something which holds its value.
Basically, any currency pegged to gold now will fit the bill? This means these countries -
like Japan will be dumping their dollar debt as fast as they can. They're not going to simply go down with
the ship.
This will all have a deflationary effect on the Ruble making it more valuable over time.
This means Putin will be able to re-peg the Ruble to Gold at whatever rate he wants, down the line, its
5000 rubles today. Tomorrow it might be 500, and then 100, and then 10.
This also means all those excess dollars being dumped by foreign nations are about to come home and could cause even worse inflation than were seeing now.
150+ oil soon? #OILI'm a betting man, OIL seems like decent spot to long here. Ukraine Russia isn't going to stop soon and I cant see Russian enemies paying in ruble, and lets be honest even if Biden does take from the reserve its 5% of the daily American use and they need to replenish again at some stage, not factoring in OPEC either.
The world on the brink of tectonic shifts.Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
XAUUSD LONG TO 2140If you go back to my page and read the description, you'd see I also said there is a possibility that Gold could drop lower towards 1872-1850. We haven't exactly hit 1872 yet which we STILL COULD, but this is still a good zone to go long from. We've seen Gold drop roughly 700 PIPS since yesterday alone, liquidating all the buyers who got into the market late. This manipulative drop could be the last drop and now we will see Wave 5 start.
Let me know if you agree and drop a like. All my socials are on my TradingView profile. Follow my page for more free analysis!
XAUUSD LONG (ALTERNATIVE ANALYSIS)If you go back to my page, you'd see my previous long analysis from 1915 is running in 200 PIPS profit currently. If you read the description, you'd see I also said there is a possibility that Gold could drop lower towards 1872-1850. As we approach the end of the quarter, a lot of institutions will be closing out their Gold longs which can lead to Gold prices dropping lower as they will seek for lower prices to buy from.
If the previous analysis is invalidated, this here is the next analysis and zones we will be looking to buy from Gold and hold long term into new high's. Let me know if you agree and drop a like. Follow my page for more free analysis!
Weakly SOS (sign of strength) RADA #RADA Electronic Industries Ltd., a defense #technology company, #develops, manufactures, markets, and sells #defense electronics to various air #forces and companies worldwide. It offers digital video/audio/data recorders; high definition digital video/audio/data recording for fighter and trainer #aircraft; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions. The #company also provides avionics solutions, such as mission data recorders and debriefing solutions and HUD video cameras; and avionics for unmanned aircraft vehicles (UAVs) comprising interface control processors, engine control computers, payload management computers, and others.
In addition, it offers land-based tactical radars for defense forces, critical infrastructure protection, border surveillance, active military protection, and counter-drone applications. The company was incorporated in 1970 and is headquartered in Netanya, #Israel.
#nyse #nasdaq #trend #military
