Commodities taking a turn. Inflation? Rate hike? Dollar pushing back across the board pricing in inflation is the hot topic. Guess we will see. long term I wouldn't short this but I exited my Oil position last week and got long the dollar. My USDCAD long Is 100 pips in the green and still lagging the overall market with plenty of room to move to the top of its range.
-Standard Keltner Channels
-20 ema
- Modified Mac D
SPGSCI trade ideas
Commodity Index (SPGSCI) Global view DWe are approaching to the major resistance made by 3M timeframe.
However wave (a) of last (abc) pattern is ongoing so far. In this respect, I am awaiting SHARP wave (b) in the form of “Change in behavior” and then last move (c)(z)(C){a} prior to deep correction within M timeframe
Commodities are about to break out!The commodities/stocks ratio is now at the end of its bullish downward wedge pattern formation and about to breakout in the next year or so. This will be highly inflationary and will lead to the next commodities bull market. You'll want to be in commodities, rather than stocks during this period.
Goldman Sachs & Aud Usd 350 % - 550% very important for the grid for trend short is the 0 ( extreme high) - 150 ( last relative top before extreme high ) 50 ( pull back later estreme high ) , the 350 descending is 1° first very obstacle for trend short ( or trend long , a great trend is 2 movement 0-350 and 350- 550 ( can you see that in dow jones 1900 -2020 , bottom is 1932 , 1965 -1966 is 350% now we are in 550% !!!!! ) , if it exceeds 350% ( 7 times the base of Gann ) the bottom ( or the top ) is under 350% , the bottom , the end of trend short of the great distribution, is zone 550% .