Crude Oil vs Silveris Cheap AgainThe chart shows USOIL relative to Silver in a buy area again.
USO (Crude oil futures ETF) is favorable choice to invest in crude oil since it benefits from current backwardation in future contracts.
Target for USO : $80
Time period: 3 months.
Trade suggestion:
Buy USO at 73
Sell Covered call at 75 for Dec above $3.65-$4 per share premium.
Silver
SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.79398$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-24 : Counter-Trend BreakawayToday's counter-trend Breakaway pattern suggests the markets will attempt to move downward (counter to the current Bullish trend) and attempt to find support.
I believe the downward price move in the SPY will target the 565-566 level for a low today - setting up a solid reversal rally phase going into the rest of the week.
We didn't see much downward trending yesterday - so, today could be the day the markets attempt to flush downward a bit.
I'm still urging traders not to overreact to this minor downward price move (potentially today). My analysis suggests the SPY is still on a path to target 595-605 before Oct 10th or so.
Gold/Silver will likely move downward today - setting up a nice base before the next rally phase higher. The strengthening US Dollar will continue to put pressure on Gold/Silver - but I don't believe the US Dollar will rally above 102 at this point.
BTCUSD appears to be rolling over into a consolidation phase. I believe we could see $60k to $62k before the end of this week as a base/bottom.
Now if not the time to be foolish. Just sit back, time your entries, and prepare for the next rally phase in the markets.
Get some.
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SILVER Is Going Down! Short!
Take a look at our analysis for SILVER.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 30.843.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 30.078 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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SILVER SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 29.085 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair.
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SILVER Technical Analysis! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.830 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.032
Recommended Stop Loss - 31.311
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
BRIEFING Week #38 : Interesting Market MovesHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.52194$
Wish you good luck in trading to you all!
SPY/QQQ Plan Your Trade For 9-23 : GAP Breakaway PatternToday, I believe the SPY will consolidate downward after last week's Fed rate cut. I believe the next move for the SPY/QQQ will be higher, but I feel the markets need a pause phase to settle before moving into the rally phase near Wednesday (9-25).
Overall, I believe the SPY/QQQ and Gold/Silver will pause in early trading this week, then move into a continued rally phase as the markets digest the Fed rate cut.
Remember, this 50bp cut won't translate into any real immediate move of 2-4%. The way the markets work is they transition into the opportunities created by the rate cut. That means we'll see technology and speculative stocks attempt to bounce higher going into October 14-15 - maybe a bit further.
But, I do expect a wave of selling to hit just before the elections - so I'm warning everyone to stay cautious after October 11-14 as I believe the likelihood of a moderate Flash-Crash (Deep-V) type of event is very high.
Right now, the markets seem like they want to settle and attempt to break away from recent resistance areas. This is more evident on the QQQ chart.
Your opportunity to buy into lows over the next 2-3 days will allow you to really benefit from the next upward rally phase.
BTCUSD appears to be stalling/topping and will likely roll downward towards the 58k to 60k level over this same time. BTCUSD needs to settle into the next low before attempting to make another move higher (probably very late in October - after October 25-28).
Get some.
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SILVER (XAGUSD): Pullback From Resistance Confirmed
Silver looks quite bearish on a 4H time frame
after a test of a key daily resistance.
The price violated a support line of a symmetrical triangle formation
and closed below that.
The price may drop lower.
Next support - 30.1
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WEEKLY FOREX FORECAST SEPT 23-27: S&P NAS GOLD SILVER US&UK OILThis is Part 1 of the Weekly Forex Forecast SEPT 23-27th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
SILVER Will Collapse! SELL!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 31.178
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 30.223
My Stop Loss - 31.736
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SILVER SHORT via AG (WORST RUN MINER IN THE GAME) FUNDAMENTAL
- Price of Silver aside, AG is an incredibly poorly run miner. From mass share dilution to disastrous acquisitions I can not think of a more poorly run company. The stock price speaks for itself... sitting near the lows of the year despite silver at recent highs.
SILVER
- Silver has been behaving very weak in relation to Gold. Unless we break out above 31.50-32.50 I see Silver continuing to be range bound at best. There are many reasons for this. Mainly indications from strong correlations that I will not mention (secret sauce).
TECHNICALS
- The price is at a solid supply level (6.20) and has already began dramatic impulses to the downside at any hint of Silver rolling over. In addition we have divergence on the RSI.
DISCLAMER: No Neumeyers were hurt in the making of this post
SILVER: Strong Bullish Bias! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.49107$
Wish you good luck in trading to you all!
Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024
This video will cover the updates to the Weekly Forecasts videos posted last Saturday.
With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve!
Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video!
If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers.
May profits be upon you.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST SEPT 16-20: S&P NAS GOLD SILVER US&UK OILThis is Part 1 of the Weekly Forex Forecast SEPT 16-20th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Why The Fed Lowered Rates - My Opinion Part IIThis is Part II of Why The Fed Lowered Rates - My Opinion
The only reason the Fed lowered rates by 50bp this week is because the global markets are reeling under pressure from a strong US-Dollar and a strong US economy.
Without any relief, the new POTUS would enact new policies and push them through Congress, and the US would start another spending spree—pushing the US-dollar-based assets even higher and driving the capital flow into USD-based assets even further.
That capital flow is harming foreign economies, and global central banks have been trying to fight the tide of a very strong US dollar for more than two years.
If the Fed had not lowered rates, we would likely start to see severe pressure on global central banks and possibly even governments/economies over the next 24-48 months.
This is a way for the US Fed, and thus the US economy, from potentially being dragged into a global contagion event after 24+ months of reducing global money flow/function.
Simply put, the US Fed gave in to global central bank concerns related to a strong US economy/Dollar compared to their weaker currencies/economies and the pressure being exerted by a decoupling global economy.
Even though the lower US rates may provide some relief for the global market, the pressure on global currencies/economies may adapt to this "new normal" and continue to squeeze global central banks.
Time will tell.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Why The Fed Lowered Rates - My Opinion Part IThere has been a lot of speculation as to why the Fed lowered interest rates by 50bp.
My opinion is the Fed realized the pressure of a stronger US-Dollar and stronger US economy, headed into the POTUS election accompanied with new spending/policy related to a new POTUS, could put the global markets under extreme currency/economic pressures.
So, in order to provide more breathing room for the global economies, the US Fed decreased rates, taking a bit of pressure off currency rate divergences and allowing global central banks a bit of room to manage their economies against the 900-lb Gorilla (which is the US economy/US-Dollar).
In short, the US Fed needed to alleviate pressure put on the Global markets because of the 900-lb Gorilla US economy.
Not to save the US economy from an internal crisis...
But to save the world from a crisis of their own making. A Global Credit/Debt crisis has been brewing since before 2008.
The US Fed "gave in" and decided they had to decrease rates to reduce the risk of a foreign market contagion event (currencies/debt).
In my opinion, that is the only reason the Fed lowered rates.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 9-20 : Breaking Up/Down PatternAfter watching yesterday's rally phase (which I believe was a relief rally driven mostly by foreign markets), I believe today's price move will be somewhat muted.
Yes, today's pattern is a Breaking (UP/DN) pattern, which suggests we may see some type of volatility event today. But overall, I believe yesterday's big price move was a volatility event, and today, the markets will struggle to identify a trend. I believe price will struggle for direction/trend today, and because of that, I'm urging traders to move assets away from the markets heading into this weekend.
I think it is better to move assets into CASH and prepare for trading next week. There is no reason to attempt to pick a position or trade heading into this weekend when we really don't know how the global markets will react to news or conflict events worldwide.
So, the best option today is to try to identify a few early trades, then move your assets into mostly cash and wait it out (till Monday).
I don't expect the markets to do anything besides consolidate below yesterday's highs.
Gold made the move up to 2635-2640 today - perfect. Pull profits today and wait for the next move.
BTCUSD is a bit higher today, but I believe it will pause - just like almost everything else today.
The global markets are still digesting the rate cut. We'll see what happens early next week - but today will probably be a stalling/pause in trend.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold & Silver analysis for the closing day of the post Fed weekGold & silver analysis for the closing day of the post Fed week. Interesting sessions ahead with the price high up, but maybe not high enough with bullish targets still eyed in a broken out bullish market. On the other hand, we have inside day signals days, money down below and it's Friday - anything can happen into the closing day of the week on day 3 of a 3-day cycle.
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.94189$
Wish you good luck in trading to you all!