GOLD LONG TO 2140We have seen a completion of Wave 3, completed with a retracement to the downside (Wave 4), giving Gold the liquidity to carry on its bullish movement. The final leg part of the bullish phase will be make Gold reach 2140-2160 this year before we see a downtrend start.
We have FOMC tonight which will bring a lot of volatility into the markets. Be careful with your positions and make sure to use risk management as manipulation is expected. Make sure to drop a like and let me know what you think!
Ukraine
$USOIL purely technical 👁🗨*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 !!
$USOIL appears to be on a pathway to retest its support zone for the third time. If this zone is breached, we expect $USOIL to head into the $80-$90 range.
This scenario is purely technical.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Why has the Russian ruble not collapsed yet?
Russia’s efforts to prop up the ruble appears to be working despite sanctions imposed by Western countries aimed at cutting the Kremlin’s access to external resources and crippling the nation’s ability to fund its war against Ukraine.
Last week, the ruble surged to a more than two-year high against the euro and the US dollar, recouping its losses during the war. The rally was triggered by Russia’s last-ditch attempt to avoid defaulting on a eurobond on Friday.
Russia’s finance ministry paid $564.8 million in interest on a 2022 eurobond and $84.4 million on another 2042 bond, the ministry said Friday. Both payments were made in US dollars, marking a reversal from its previous threat to pay its debts in rubles.
To begin this week, the ruble has continued its strong performance, with the USDRUB down almost 3%. As it stands, Rubles are exchanging hands at less than 69 per USD.
Rating cut to selective default
Prior to the payment of these bonds, Russia had earlier paid its dollar-denominated bonds in rubles, triggering a rating downgrade by S&P Global Ratings to “selective default.”
The rating agency said investors won’t likely be able to convert those payments into dollars equivalent to the amount due as sanctions on Russia are predicted to worsen in the coming weeks.
Gas for ruble
In a bid to bolster the ruble and retaliate against Western sanctions, Russia, one of the top oil-producing countries worldwide, required “unfriendly” buyers of the country’s natural gas to pay in rubles. While many European Union leaders were quick to reject the Kremlin’s demands, one of Germany’s biggest energy companies, Uniper, said it was ready to buy Russian gas by converting its euro payments into roubles.
"We consider a payment conversion compliant with sanctions law and the Russian decree to be possible," a spokesman was quoted by BBC as saying recently, adding that the absence of Russian gas “would have dramatic consequences for our economy.”
Russian national energy giant Gazprom recently cut off its gas supplies to Poland and Bulgaria due to their refusal to pay in rubles.
Commodity powerhouse
Many countries’ reliance on Russian oil and other commodities like wheat has helped the ruble avoid collapse and may play a role in supporting the currency moving forward.
Vyacheslav Volodin, a top Russian lawmaker, over a month ago said Russia should demand ruble payments for other commodities like wheat, fertilizer, and lumber, adding that Western governments have to pay for their decisions to sanction Russia.
URANIUMWhere is the world heading to?
Nuclear energy? hope that's all.
Since march 2020 crash, URANIUM has not stopped rising in value (+354%), and since December 2020 volume has began to rise significantly.
There is high probability that it will reach new highs, from 35 to 60 usd, during this year 2022.
As my XAR analysis, I really hope I'm wrong this time.
Check my XAR analysis here:
Peace&Love!
SolMar Traders.
$USOIL its spring time 👁🗨*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
Natural Gas’s Price Is As Combustible as the Energy CommodityVolatility in markets creates opportunity, but as risk is always a function of reward, the more the upside, the greater the potential for losses. Since natural gas futures began trading on the NYMEX in 1990, more than a few market participants have lost fortunes in the market that has traded as low as $1.02 and as high as $15.65 per MMBtu.
Over five times higher since June 2020
US LNG to Asia was sold out for more than a decade
A very volatile energy commodity
Europe’s dependence on Russia causes supply issues
If prices in Europe are a guide, we could see a challenge to the 2008 and 2005 highs
The high came in 2005 when a devastating hurricane destroyed natural gas infrastructure along the US Gulf Coast at the NYMEX delivery point at the Henry Hub in Erath, Louisiana. Another storm in 2008 took the price above the $10 per MMBtu level but to a lower high. Over the next twelve years, the natural gas market changed. Massive discoveries of quadrillions of cubic feet of natural gas in the US Marcellus and Utica shale regions and technological advances in fracking and extracting natural gas from the earth’s crust caused the supplies to soar and the price to decline.
Since necessity is the mother of invention, two new demand verticals developed. Natural gas replaced coal in the US for power generation. Meanwhile, turning gas into liquid for transport beyond the US pipeline network created an export market for the energy commodity.
In 2020, the price fell to the lowest level since 1995 at below $1.50 per MMBtu. Since then, the bear has transformed into a bull.
Over five times higher since June 2020
The most recent peak in the natural gas futures arena took the price to $8.0650 on April 18.
The weekly chart shows the explosive move from the $1.44 level in late June 2020 to the April 18 high, over five and one-half times higher in less than two years. Moving to a multi-year high as the peak season for demand approaches is one thing, but this rally comes as the peak season ended in March.
US LNG to Asia was sold out for more than a decade
The natural gas price in Asia has been far above US prices for years. The domestic US natural gas market’s transformation and expanding the addressable market far beyond the US pipeline network has made the energy commodity and NYMEX natural gas futures market more sensitive to international prices and supply and demand fundamentals.
Cheniere Energy (LNG) is a leading supplier of liquefied natural gas that travels worldwide on ocean vessels. In 2021, Cheniere’s CEO told CNBC that the company was sold out of LNG for more than a decade after signing long-term supply contracts with Asian consumers. Asian prices were multiples of US prices, making the business highly profitable. Cheniere’s share price has reflected the booming demand for LNG.
LNG shares rose from $27.06 in March 2020 to the most recent high of $149.42 in March 2022. At the $135.70 level on April 22, LNG shares reflect the growing demand for their energy product. While the shares and revenues exploded higher, earnings have been elusive.
The chart shows the negative earnings trend since Q1 2021. A survey of twenty analysts on Yahoo Finance has an average price target of $149.50 for LNG shares, with forecasts ranging from $61 to $180 per share.
LNG is a leader, but the EPS issue could cause the stock to become as volatile as the natural gas price over the past week.
A very volatile energy commodity
While price ranges tend to widen at higher levels, natural gas volatility was head-spinning over the past week.
As the daily chart of May NYMEX natural gas futures highlights, after trading to a high of $8.065 per MMBtu on April 18, the price moved below the $7 level on April 19. Natural gas has never been for the faint of heart as the price has ranged from $1.02 to $15.65 per MMBtu since trading on NYMEX began in 1990. However, after over a decade of lower highs and lower lows, the trend changed in June 2020.
The long-term chart illustrates the trend changed when natural gas futures moved above the 2018 $4.929 per MMBtu high, ushering in a bullish path of least resistance for the energy commodity. The quarterly price ranges since mid-2021 are the broadest since 2008, the last time the energy commodity eclipsed the $10 per MMBtu level.
Europe’s dependence on Russia causes supply issues
The previous administration warned Germany and the EU about depending on Russia for natural gas supplies. Meanwhile, US energy policy shifted from “drill-baby-drill” and “frack-baby-frack” in January 2021 when the Biden Administration began fulfilling its campaign pledge to address climate change.
Stricter regulations, canceling pipelines, and bans on fracking and drilling on federal lands caused oil and gas output to decline. While it handed the pricing power in the oil market back to the international oil cartel and Russia, it also limited Europe’s options for natural gas supplies. While the administration took a hard line against US production, it supported a Russian natural gas pipeline to supply Europe with the energy commodity.
The February 24, 2022, invasion of Ukraine changed the world. While the US, European, and other allied countries came together with severe sanctions, Europe’s dependence on Russian gas remains a window of opportunity for the Putin government. Retaliating for other sanctions, Russia is now demanding rubles for natural gas supplies, boosting the currency despite other stringent sanctions.
The US government has leaned on companies like Cheniere to divert supplies from Asia to Europe. However, the administration’s energy policy has not supported the new US terminals to liquefy natural gas and increase supply capacity. Russia remains in the driver’s seat in European natural gas requirements and is free to drive the price higher.
If prices in Europe are a guide, we could see a challenge to the 2008 and 2005 highs
At the recent $8+ high, US natural gas futures rose to the highest price since 2008. Meanwhile, European prices have screamed higher in 2022.
The long-term chart shows ICE UK natural gas futures rose to $800 in March. Before 2021, the all-time high was at the $117 level in 2005. At $171.39 at the end of last week, European natural gas prices remain at lofty levels above the pre-2021 record peak.
Natural gas has transformed into a far more international commodity. The US lost an opportunity to supply Europe and remove cash flow from Russia before the first Russian soldier crossed Ukraine’s border on February 24. The revenue from natural gas sales to Europe is funding the first major European war since WW II.
Rising natural gas prices will fuel inflation and hit consumers in their pocketbooks in the US. Natural gas is another victim of inflation, the war in Ukraine, and US energy policy. Addressing climate change is a noble cause, but fossil fuels continue to power the world. The shift from hydrocarbons to alternative and renewable fuels is a multi-decade, not a multi-month process. The economic and geopolitical landscapes and US energy policy shift ignited a very bullish fuse in a very combustible commodity. Natural gas price explosions and implosions could be the norm instead of the exception over the coming months and years.
--
Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
BITCOIN 6H TA : 04.21.22 (Update) Yesterday we saw that the price reacted negatively by reaching 42K and with a 3% correction to the level of $ 40800, it was able to react positively to this support level (BB +) and is currently trying to break the resistance of $ 43300. , Considering the volume of market and the power of Bulls at the price of $ 41600 on the current trading day, we can expect the price to rise above $ 43000 and wait for the price to break and consolidate above this level.
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
📅 04.21.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FTSE UK100 could go downWe have not very good situation with inflation
Still there is a war
All major indexies had bigger corrections but uk100 has not
and of course we are going up and hitting to ATH resistance soon
so in my opinion the price could drop a little bit 2-4% to the downside.
we will see, it's not a recomendation but I'm curious what do You think. It here any other 'someone' who is shortin this index? hm.. ?
$BTC the royal flush 👁🗨*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 !!
PSA: Get one thing straight with us, we are not rookies. Lately we have been on the receiving end of some haters who do not agree with our chart ideas and trades. We are here today to say, "keep the hate coming." Every single one of these guys so far have been proven wrong so it's pretty amusing.
Anyways, our thoughts on Bitcoin $BTC have not changed since our last Bitcoin post. It is still in a bearish trend, and things could get much uglier if earnings this week are a bust. Tesla $TSLA and Netflix $NFLX are to report earnings this week which could impact the price of $BTC drastically. $TSLA, Apple $AAPL, and the S&P500 $SPY are mirror images of each other right now. None of them look bullish. Global economic shifts due to the Russian x Ukraine war are likely to dent the share prices of the companies that make up the majority of $SPY this season.
Must we also mention that there is supposedly a high-rate hike coming in May?
Or that Russia will likely use tactical nukes in Ukraine soon?
If Russia does use tactical nukes, we expect markets to fall-out temporarily. World War III talks will be the buzz that drives the markets down for the proceeding days or weeks until a resolution is found. Afterwards, the market will be on the receiving end of a relief rally.
These are simply our current thoughts and opinions, and they are subject to change...
Happy investing!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$US30 the glass house 👁🗨*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 !!
$US30 has been consolidating outside of our bearish channel for the past 2 weeks. Many traders automatically assume that this is bullish, but appearances can sometimes be deceiving. My team still expects a strong bearish move to take place within the next couple of weeks, but it may retest 35350-35850 before that happens.
Overall, the market appears to be waiting for a catalyst to justify an impulsive move down. Our guess is that repercussions/escalations from the Russian-Ukraine crisis will kick this move into motion before May arrives.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%.
The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine.
Spotlight on the currencies of Ukraine’s neighbours
The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022.
The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%.
Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%.
The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine.
Spotlight on the currencies of Ukraine’s neighbours
The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022.
The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%.
Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
Spotlight on the currencies of Ukraine’s neighboursThe USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has plummeted 8.6%.
The physical approximation of Switzerland to the Ukrainian border might explain why the Swiss franc has failed to live up to its safe-haven status. The same reasoning cannot be applied to the yen as Japan has a 5000-mile wide buffer between it and the locale of the conflict. Nevertheless, Switzerland is not the only European country that has been affected by the Ukraine invasion, many of them being direct or close neighbours of Ukraine.
Spotlight on the currencies of Ukraine’s neighbours
The currencies of several close and bordering countries of Ukraine have followed a similar pattern since Russia entered Ukraine for its ‘special military operation’ on 24 February 2022.
The Czech koruna, Polish zloty, and the Hungarian forint each spent the period of 24 February until the 7 March considerably weakening against the US dollar. The US dollar strengthened in a range of 9% to 14% against these pairs. The two weeks before 24 February saw gradual but moderate de-risking in these European currencies, with the US dollar gaining in the range of 2% to 3.5%.
Strangely, significant movement was seen on the bookends of this period, on the 24 February, 6 March, and 7 March. All the stranger for the very sharp reversals that took place on 8 and 9 March. This may have been when it became evident that Russia had botched its invasion. The reversals that occurred were not entirely successful in erasing the losses the currencies made since 24 February. The Czech koruna (USDCZK) has fared the best during this affair so far, weakening by only -3% and followed by the Polish zloty (USDPLN) at -4.9% and the Hungarian forint (USDHUF) at -7.8%.
$DXY ready for $100? 👁🗨*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
Euro dips as German inflation soarsGerman data was in the spotlight on Wednesday, with the release of German inflation and ZEW Economic Sentiment. The numbers were worrying, but the euro's response was muted, as the currency trades in the mid-1.08 range.
German CPI for March came in as expected, at 7.3% YoY. Still, this was a large jump from the 5.1% gain in February and marks the highest inflation release since Germany reunified in 1990.
The drivers behind the jump are not hard to identify. The ongoing war in Ukraine, which looks like it will intensify, has caused significant inflation, especially for heating oil, natural gas and food products. Heating oil, for example, has soared 144% in the past 12 months. Germany is also struggling with supply disruptions due to the Covid pandemic. This has which has resulted in shortages of computers chips and many other products and hampered the key manufacturing sector.
ECB President Lagarde has gone on record as being dismissive of inflation, taking a page from (the old) Fed Chair Powell and arguing that inflation was transitive. Eurozone inflation lagged behind the numbers in the US or UK, but today's German CPI release clearly shows that eurozone inflation is red-hot and the ECB will need to be more aggressive in order to lower inflationary pressures.
There was more bad news as German ZEW Economic Sentiment worsened in April, with a reading of -41.0 (-39.3 prior). This was better than the consensus of -48.0 but still points to deep pessimism over the economic outlook amongst financial experts. The Eurozone ZEW release showed similar numbers.
In the US, inflation continues to spiral, with the March headline figure hitting 8.5%, YoY, the highest level since December 1981. Inflation is being driven by supply bottlenecks, rising energy and food prices, and robust consumer demand.
There is resistance at 1.1008 and 1.1141
1.0838 is a weak support line. Below, there is support at 1.0705
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!
Bears Controlling Dumping To 40K!!Weekly Time-frame
We are currently sitting in the breakout area of the double bottom. If we don't hold this area we can expect more to the downside. If we hold this area we can expect a massive pump again but this has little to no probability at all. Bearish has more bearing to happen than the bullish scenario as we can see the SPX Russel 2000 stocks are dropping. Bitcoin is just following the bigger market.
1D Time-frame
We have a bearish Engulfing in daily time-frame which we can expect more to the downside. To be bullish we need to go above $44,270 to $44,723 and make it as base then we can expect a rally base rally. For now where the pump started is now going back from it $40,972. Today is weekend so do not expect much volume. I suggest to trade alt coins during weekend.
4H Time-frame
We are having a drop base drop at the moment. Expect a retest to $43,118 before it drops again but if the trend is strong We might bounce only up to $42,769. AO is bearish still. RSI is also bearish.
1H Time-frame
How to trade
Entry $42,769, $43,249, $43,746
SL 1-5% from whole portfolio $47,186
Leverage 10x-11x
Use 1% from whole portfolio.
TP 1 $42,527
TP 2 $42,089
TP 3 $41,106
TP 4 $40,881
TAYOR
DYOR
NFA
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.