Silver has hit a support level and might even try to rebound a bit, but considering all the factors, like the recent COT report and retail traders activity, there's no way it's going to have any serious growth. Plus, that 25-strike put that had a lot of trading in the options market is still out there and it also suggests that it could keep getting weaker.
3 out of 5 indicators are bullish, also the dollar index is showing signs of weakness which is good for the euro: 1 indicator - the latest COT report 2 indicator - retail trades 3 indicator - option flow sentiment However, since we're seeing a narrow range, there's a chance that the euro might have a false breakout before it moves higher.
If we break through that support level, we'll probably head down to 28.5 or even lower. And the retail sentiment is also in line with this scenario. At the moment, most are long, and short positions are starting to shrink (check out the chart). Guys, who else sees the same level of support as us? And why? Let's discuss it
In the early days of exchange trading, there was no technical possibility to visualize market quote movements, and traders analyzed ticker tapes. The real hype and massive interest in exchange speculation owe it to the technical possibility of displaying exchange information in the form of charts with ticks, bars, candles, and other more exotic ways of displaying...
In the early days of exchange trading, there was no technical possibility to visualize market quote movements, and traders analyzed ticker tapes. The real hype and massive interest in exchange speculation owe it to the technical possibility of displaying exchange information in the form of charts with ticks, bars, candles, and other more exotic ways of displaying...
I'm about to say the obvious: Silver doesn't want to rally. It teases the bulls, reaching levels where they can finally breathe a sigh of relief, only to slide back down. Let me illustrate this on the chart. Imagine you're looking at the chart on June 06, and there's nothing to the right (just cover it up with your hand or a piece of paper). You see a big...
Hi guys. Let me share some thoughts on the prospects of the EURUSD pair Retail's been building up long positions and cutting short ones, which suggests a strong bearish sentiment (think "sell when everyone's buying"). The same bearish mood is lurking in the options market, where folks are aggressively trading "naked shorts" and combinations. However, we should...
We wanted to share some thoughts on silver with you guys. You know, we've been hunting for insights into this asset for the past few months and sharing the findings of our research and analysis (which, by the way, has been pretty solid - you should check it out). So, let us explain. The first thing (#1 at the chart) we have here is some data on a specific option...
Exploring the "Condor" : A Look at the Chinese Yuan Futures In the realm of option trading, the term "Condor" refers not to a bird of prey, but to an intricate options strategy known for its non-directional nature. This strategy, aptly named after the wide-winged condor, involves positioning four options at once, aiming to profit from low volatility in the...
WTI crude oil futures are experiencing a downturn, currently priced at $79.37 per barrel, marking a 0.48% decrease. This decline is attributed to the global economic challenges that are negatively impacting the demand forecast. Similarly, Brent crude has seen a reduction in price, now at $83.88 per barrel. The economic recovery in China is progressing slower than...
Go higher. The rationale behind : 1. Sentiment on open positions of retail traders 2. Data from the latest COT report on positions of major players 3. Cumulative metrics of technical indicators
Today's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal. Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative...
We're looking at the USOIL market and our analysis shows signs of a short-term downtrend. Here's why: COT Reports: The latest Commitment of Traders (COT) reports reveal that the behavior of participants labeled as "Commercials" is most characteristic of a bear market. CFD Market Positioning: Oil traders in the CFD market are shifting their positions, with most...
After analyzing options trades on CME, we found a promising opportunity to short Canadian Dollar. The option contract is for April with an expiration date of April 5, 2024. We noticed an interesting option portfolio on March 22 that aligns with the trigger level on the futures chart (refer to chart). A trigger level is a graphical pattern on the underlying asset...
In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio. Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position...
🛢🔴Oil traders are making big bets amid geopolitical uncertainties! 3 million barrels worth of options contracts were snapped up by speculators, with 3,000 lots of June $250 call options in US crude oil trading for just 1 cent each. Is this a Hail Mary or a well-calculated move?🤔 (Source: www.bloomberg.com). The headline is very clickable, however let's look at...
There is something insightable happening with WTI oil. 90 strike and trade volume are attracting attention. Check out Monday's trading data below. But to properly interpret it, we need to look at the data in the context of how the price of the asset has moved. Comparing when the highest option trading activity was at the 90 strike and how the asset moved, the...
Copper continues to rise in price. In addition to the fundamental factors, there is some sentiment from the options market that the quotes may rise further. Call 4,3 $ - 56 days before exp. The unusual interest in this level suggests that there's a positive sentiment among option traders.