Gold has finally broken out of that sideways range, and what’s even more important, it did so in the direction we were expecting. It took a bit longer than we initially thought, but hey, the market doesn’t care about our timelines—it moves for its own reasons and motives. Right now, Gold is heading towards the $2700 mark, where we’ve got the first block of buy...
In the Yen, our 'old friend' has opened a Straddle, just like he’s done several times this year. Notably, he’s picking a 5-day expiration, which is his signature move tha twe can use to track him. So, this time, the range boundaries are as shown on the chart. Keep in mind that this is a futures contract on the Yen, not the USD/JPY forex pair. In other words, the...
Hey traders! 🌟 Have you been watching the yen futures on CME? There’s some serious action brewing, and it looks like we could see those quotes climbing to 0.73 and beyond in the next 60 days! With new options portfolios aimed at boosting these futures, now's the time to get in on the action. What Does This Mean for You? If you're in the trading game, you...
A few words about the sentiment in oil. Graphically, the price is chopping around in a range, and there aren’t any clear indicators on where it might break out. However, there are some signs: the options sentiment shows a slight positive bias, with decent portfolios of vertical spreads targeting above $75 gaining traction, although it’s still pretty...
It’s pretty interesting to read comments and trading ideas on forums during these uncertain times. Right now, 9 out of 10 traders are saying to sell or hold short positions if they have them. They’re referencing MACD, EMA, charts, stars, the mood of their pets (just kidding, but hey, it’s a possibility) and other indicators. I analyze the chart differently, always...
The current correction in Gold is likely targeting the $2680 level, which remains relevant. However, there's also an interesting level at $2640 that has emerged along the way . This doesn’t change the overall bearish outlook for Gold, but I want to highlight something new! I’m pointing out an important detail for you: the price behavior at the $2590 level....
A few words about the prospects of oil through the lens of options trading. The sentiment is leaning more bearish than bullish. We're seeing a surge in vertical spreads and butterflies on puts, targeting the $65-60 range for February-March 2025. If we look at the charts, the price action resembles a 'settling' at the support level of $65-66. It’s looking like...
I'm not a psychic, and I don't have a crystal ball, but here's what I clearly see and can share with you: for several days now, there’s been a flow of options at the 100,000 strike changing hands. What's crucial is that this option series still has 14 days left before expiration, and there's a high probability it could go in the money, meaning it could exceed...
The current chart setup for Gold is decidedly bearish: we’re seeing a breakdown through key support and a local low. This is clear and hard to miss. Retail traders are diving in, buying the dip, and they’re not in a rush to close their long positions, hoping to ride it out. This sentiment is actually quite good for the bearish trend. That said, when we zoom out...
Let’s talk about Gold for a sec. I mentioned before that this level would be attractive for Gold because there’s liquidity and a local minimum that traders all over the world are eyeing and will be trading around. And that’s pretty much what happened. But then Gold dipped lower and 'knocked' on another level of accumulated liquidity—what some folks call the...
I’m not really convinced that Trump cares about oil prices being at $50 a barrel. The U.S. is the biggest oil producer out there, and at that price, a lot of oil fields are going to struggle to stay profitable because of inflation and rising costs. Plus, American oil companies can’t just devalue their currency to cushion the blow from falling prices, so I doubt...
So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold. Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset. What does that mean? It...
Alright, alright, it seems like someone has seriously geared up for a rocket launch in the Australian dollar, and it’s happening in the next few days. Looks like we might get some news dropped right after everything goes down, or maybe I’m just out of the loop. A super aggressive portfolio, a Call Spread, popped up yesterday, and it looks like they’re still...
It seems like the euro is on the hunt for some support. Could the bulls finally take charge and pull the euro out of its steep decline? The indicators are sending mixed signals. And when I say "indicators," I’m not talking about stochastics, moving averages, or that kind of stuff. I’m referring to the data from COT reports (show sentiment leaning towards a...
Alright, let’s break this down. We’ve seen a significant influx of call options at the 70,000 strike on the CME, which is generally a pretty positive signal. Especially when you consider the recent breakout from a descending broad channel, with prices holding just above that upper boundary. Looks like we’re heading up—clear signal, right? But here’s the kicker:...
Our analysis of options portfolios from October 25th revealed a Straddle setup on the Japanese yen futures, with a short expiration date set for November 1, 2024. Now, this isn’t exactly a rare sight for the yen; these Straddle portfolios pop up pretty regularly, especially when we’re looking at short expiration periods. From what we've seen, in about 4 out of 5...
A platinum Insider hasn't changed portfolio yet, so there's still potential for more growth. Let me remind you, on September 4th, an insider came into the Platinum market and went long, which caused the price of Platinum (and other precious metals) to go up. Now, prices are getting close to his target levels. This is important because it shows the market's...
Let me start with a disclaimer that I firmly believe in and adhere to: don’t flip the trend; leave that to those who are just here to play around and get their adrenaline fix while watching their accounts explode. Now, let’s get down to business. On August 5, 2024, when gold was languishing in a sideways market around $2400 on the CME, an insider option...