Russia
NIO 14.50 PT BY MARCH 16 NIO will be at 14.50 give or take .50 on or by March 16. The On Balance Volume shows strong selling pressure on NIO, with a clear downtrend channel.
Couple these technical facts with the FED rate hike in one week, and earnings approaching (which I predict to be less than pleasant, given the Geo-Political and economic climate the past two months) NIO will have a hard time breaking resistances.
sell on natural gasnatural gas has been consolidating for some time now, transiting to the injection season. the withdrawal season will be coming to an end march 31st. it is falling back down to the demand zone. going for 100 pips to 4.5350. please be mindful as always the price is different on trading view than your broker. Natural gas an oil are seeing a selloff due to Russia and Ukraine war coming to an end, and the Federal Reserve rate hike on the 15th.
short-term pullback in Oil expected. $OIH $WTI This thing has gotten way overcooked and gone parabolic. If it continues to go parabolic, it will destroy the consumer. Which is 70% of what drives the US economy. So I doubt that will be allowed to happen by the market gods lol.
I expected TVC:USOIL to return to its well-defined travel that it bonered out of like a rocket. Unless we see 3 consecutive closes above $115 a barrel for WTI crude, then I expect a return to earth (the channel) and then continuing its slug upwards until renewables and EV's have completely replaced fossil fuels and ICE's.
Please see the tagged post for more info. And to understand this is not my first time doing due diligence on the subject. And not to say I told you so, but I told you so, I was spot on with oil last time. I gotta take my W's.
The easy way to potentially play this while limiting risk exposure is puts on $USO, and use any profits to add to $OIH. #TRUSTinTheTiger
All set to sail?Looks bullish and natural gas demand spikes in these times and future until we have complete alternative energy resources. Once it breaks above that blue line, it could rally towards $18...
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P.S. Note a financial advice, do your due diligence.
Correctional Recovery on US30/DJIThese days have brought Major Suffering to the Markets, with even the US Indexes failing numerous times to make a comeback for a prolonged amount of time. The level of confusion in investor's perception is very high, with proper direction only seen in Pockets of AfterHours trading, and rarely in normal Normal Market Hours. Both swing trading, and scalping have become rough. Corrections are known to last for some time, however there is hope to see proper March Rallying, and a gradual climb back up to ATH in the coming weeks, as long as fundamentals can clear up (Russia, Energy Prices, Inflation, etc...).
- Here is a likely analysis for the coming weeks / midterm. A possible retest of the correctional point may occur, as well as waterfall/reversal movement along any point of major resistance. Weakness may last, however Volume is sure to pick up at random times of positive fundamentals. Patience for the real Rallying will last!
Litecoin Jumps!! 🚀📈Litecoin has jumped off positive news about the Ukraine war. The news has lifted the crypto market as a whole, even though it was a minor comment that Putin made about " positive undertones " in talks with Ukraine. Litecoin has lifted from the low $100's to $105. We are currently testing this technical level which has provided fierce resistance lately. If we are able to break through then the next target is $114. If not, then the low $100's are sure to provide support for now.
Ethereum Jumps from Putin's CommentsEthereum caught a lift with the rest of the crypto market off positive news in the Russia/Ukraine war. We found support at $2556, as we anticipated yesterday. The Kovach OBV still registers a bearish trend, though we do appear to be lifting at the moment, and we will see if this rally is for real or just noise. If we are seeing a genuine bid then $2651 must be broken, then the next target is $2762. The Kovach Chande has lifted significantly, giving us hope for the rally.
Safe Haven Inflows Still Lifting Gold (For Now)Ukraine woes still weigh on global markets and although gold has retraced significantly, it is still hanging onto the high 1900's. Positive news is incoming as we compose this thread including Putin acknowledging "positive undertones" in Ukraine talks . We have given up the 2000's after touching highs at 2070. After finding support at 1982, we appear to be making a run for 2000 again, currently testing 1999 and hovering about 1995 or so at the time of this writing. The Kovach OBV is drifting downwards, suggesting a slight bear bias, but we have a lot of support levels below to buoy the price, including 1982, 1977, 1973, and 1964. It is doubtful we will slice through all of these, but watch the vacuum zone below to 1936. If we get a lift, then 2029, 2048, and 2070 are the next targets.
The Russian Vix-Maggedon Since its inception the Russian Vix has capture 3 events that have had world wide impacts with a pretty stochastic level of fear in each.....maybe. Currently sitting at its highest reading with what can only be compared to the possible onset of WW3 in Europe with their 1st military engagement in 75 years happening with one of the top 3 Super Powers involved. If the Vix captures fear then this is scary as fck right now to people close and not so close to this situation. Putin is 69 he didn't make this move lightly nor did he not plan for what is happening in response, a rush to conclusion that he's finished is a crowded trade & he has now responded by cutting exports of commodities like Crude Oil & Wheat long with fertilizer components that will press on food cost further than inflationary pressures had already been doing. Food & Energy are his tools to impose sanctions on the west and the last thing the world needs coming out of a pandemic with supply chain issues is an economic war but here we are. If this is the beginning of Putin's end game we are at a serious inflection point here. Below this level risk assets pump again above a Super-Cycle in commodities and a real challenge for the leadership of the free world takes place....
Oil Slides off OPEC Production CooperationOil has retraced sharply off news that OPEC is planning to oblige the demands of the west and increase oil production . We are still holding onto the $100's, but dipped by double digit percentages down to 106, where we found support. Currently we are seeing a nice pivot back through 112, with the price currently in the vacuum zone between 112 and 116. Russia is consistently in the top 4 oil producing nations, so boycotting them will place further constraints on existing supply issues. Therefore, any selloff in oil is likely transitory. It is not likely we will give up the $100's any time soon and $101 is a likely floor for now. If momentum reignites, then $116 and $122 are the next targets before $132.
Fundamental Analysis for March 9/10 2022As investors ditched safe-haven assets in favor of stock allocations, the dollar index bottomed around the 98 mark, moving away from a nearly two-year high of 99.40 reached earlier this week. The most active selling was against the euro, which was sparked by news that European Union members were considering issuing a joint bond to fund energy and defense spending. All eyes are now on the February US inflation report, which might impact the rate at which the Federal Reserve tightens. With tensions between the West and Russia over Ukraine clouding the outlook for policy, the ECB meeting on Thursday will be a crucial driver for the foreign exchange market.
What you need to know to trade wheat futures in 2022Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.
Wheat prices recently surged to a 14-year high, with the price of a bushel of wheat soaring more than 50% to $12.94 on Monday since the Russian invasion of Ukraine began. The price movement on Monday hit the Chicago Board of Trade’s limit for another day.
Reliance on Russia and Ukraine wheat exports
Russia and Ukraine are two of the world’s largest exporters of wheat, accounting for about 30% of the global total. In 2019, Russia was the world’s top wheat exporter, while Ukraine came in fifth next to the US, Canada and France, according to data from the Observatory of Economic Complexity.
The disruption in both countries’ grain harvest and trade could have catastrophic impacts on their biggest buyers in the Middle East including Egypt, which depends on Ukraine’s wheat imports to produce subsidized bread to its poor population and other staples.
These fears intensified on Wednesday after the Ukrainian government said it will ban exports of key agricultural goods like wheat, corn, salt, meat and oilseeds to maintain market stability in Ukraine and “meet the needs of the population in critical food products.
Looming food shortage
Many nations rely on Ukraine and Russia for grain and oilseeds and the crisis could exacerbate the supply of food especially at a time when low-income countries are still reeling from the COVID-19 pandemic.
Some economists have warned that the war could lead to a repeat of the Arab Spring in the past decade when social unrest and armed rebellions led to soaring food prices.
"The fallout from Ukraine will spread across the globe. Russia and Ukraine together export 30% of the world's wheat. As this war heats up, many countries will face: soaring food prices, catastrophic hunger & growing instability,” David Beasley, the head of the United Nations World Food Program said.
Farmers in Russia and Ukraine are tipped to reduce their planting area in the coming seasons as the war intensifies, placing the pressure on other exporters to boost production.
China, India, US work to fill in the gap
Although Russia and Ukraine’s grain trade have not been technically included in sanctions imposed by Western countries, many importers have turned to other sources like China, India and the US to make up for any shortfalls, according to ING Bank, over fears of supply disruptions.
“We would expect to see strong plantings from US farmers over the spring, leaving the potential for an increase in US spring wheat, corn and soybean area,” ING’s head of commodities strategy, Warren Patterson, said in a note on Monday.
Volatility in wheat markets
The lingering crisis in Ukraine has caused wheat prices to be highly volatile in recent weeks as countries work to ensure grain imports to feed their population. The CBOT soft red winter wheat, KC hard red winter wheat and MGEX spring wheat all reached their daily trading limits for another day on Tuesday, while US wheat futures snapped a six-day winning streak the same day.
Investors have been hesitant in making big position moves for the second week in a row last week despite the market volatility, Reuters said.
In the week ended March 1, commodity funds axed only 11,000 futures and options contracts from their CBOT wheat net short, down from estimates, the news outlet reported earlier this week, citing data from the US Commodity Futures Trading Commission.
"Huge speculative interest has flowed into wheat that may have pushed futures past reasonable levels… The export market is difficult to define with many countries banning exports and tenders being canceled,” CHS Hedging was quoted by Bloomberg News as saying.
EURUSD Technical Analysis for MarchJust a quick look at some simple technicals and logic to how EURUSD will develop over the coming days/weeks. Likely better to join a move back to the 1.11s to find resistance as the worst of the sanctions and embargo panicking has taken place, unlikely to reach 1.08 again unless a drastic measure such as Russia cutting off the EU and GB entirely from oil/gas happened. News coming tomorrow on the dollar, so wait until after that if there's an opportunity left. The White House did this before where they said expect a bad number, only for a shock number to come out so they get good headlines to distract the public
EURUSD Long Term Outlook Post InvasionHere's a rundown of EURUSD after the Russian invasion of Ukraine. Just a quick look at where sentiment lies, key levels the market has reacted to, prices to target and keep in mind as barriers. I explain a little in the text box what's going on. This is just some quick fundamental analysis basics and be sure to check out my page for technical analysis on the lower timeframes if that's what you're looking for on this pair...
$Gold TA: 22.2.20Gold has broken the long-term downtrend and can continue to test the support specified in the chart and continue to climb to continue the climb. It is important to note that the news has affected the upward trend of gold and if the gold news changes, it can return to its previous trend.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 20.Feb.22
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Was the U.S. & China Involved in Bitcoin Price Suppression?Today let's take a look at something I've uncovered regarding top bitcoin hodl'ers, price suppression, and ...is this a bullish indicator for bitcoin and cryptocurrency as a whole?
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