D707

D707 Updated 

Gold has reached the target I mentioned on my last idea AND without much retracement. At this point it's best to take profits on gold longs or tighten stops. a decline to 1430-1400 is probable at this point and then a rally to next target 1587 **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just...

D707 Updated 

I was wrong on my last idea, NG went on and dropped lower. Trend remains down until we see a close above 2.33 then 2.48. Commercials are heavy long at levels not seen since 2016. Seasonality is bullish from now to Nov-Dec. we just need to see a sustainable rally to bolster the idea of a bottom for the year. **If you're interested in joining a group of like-minded...

D707 Updated 

Until SPX cash closes below 2800, trend is still up. I see both bull and bear cases possible. I'm still leaning bullish as everyone is calling for a bear market or lower low just like Dec bottom, everyone was calling for a retest but we went on to make new aths. CB's will keep easing like or not, and companies are buying back their stocks aggressively. Again, at...

D707

Oil is still in no man's land, seems to be forming a descending triangle, I see three possible scenarios. At this point oil is best day traded as there seems to be indecision on where this market is headed.

D707

The Aussie bounced off major support from Jan 2019, rejecting lower prices. Rally to atleast the .618 retracement seems likely at this point ** on 6A, Aussie futures, support is from Jan 2016

D707

Wheat found a bottom and has been trending up, If it could get past the report on monday or better yet rally on it, we could safely call a significant bottom in place. If you're not long from lower, it's probably better to stay on the sidelines until after Monday's report

D707

NG seems to be working a bear flag, I'm still looking for a tradeable bottom, until then I'll be staying on the sidelines until market finds a bottom and show (SOS) sign of strength. 1.9 seems likely at this point, if thats the case NG needs to bottom this month as bullish seasonality starts early Sep

D707

Gold is working a continuation triangle, implying a move higher. At this point spike to 1550 is likely, but I still think we're due for some sorta temporary top

D707

Corn bounced right off the range I mentioned on my last idea, Aggressive traders might go long here but it's probably best to wait for MACD signal and further strength. Seasonally corn is Not bullish at this time of the year, so it's best to be careful with longs **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a...

D707

Oil chart doesnt look good for bulls at all, if it closes below 51 (which seems to be the "demand" line) we might see a massive sell off to last year's lows. However, seasonally oil rallies in August 70% of the time (long August 7th to 27th) It's in "no mans land here" basically with the conflicting signals , probably safer to just daytrade it until we get a...

D707

Dollar seems to have topped for now and might be headed to 96.50 short term, If lower Trendline breaks we might see a bigger drop. MACD sell signal triggered. Fed will most likely cut rates in Sep **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just bunch of average traders sharing insights in a...

D707

Someone once told me that the S&P is the "All-Star Team", many have opinions on it, but almost impossible to find anyone who could consistently predict where it's headed. This chart shows the bearish case, which seems reasonable except that Many people are seeing it and the S&P doesnt follow what people think will happen. With volatility at current levels, it's...

D707 Updated 

with commercials buying cotton I’m expecting atleast a “relief rally” to the 67-69 region ** Just an idea NOT a forecast

D707 Updated 

looking for a bottom from here or a little bit lower, ideally 98.30 would hold ** Just an idea, NOT a forecast

D707

target for short corn idea that I posted was hit, now I’m looking for a tradeable low, more downside is likely but it’s probably better to stay flat and let the market figure out from where to bounce and then get on the trend. If 400 doesn’t hold, a low might form in the 380-391 region ** Just an idea NOT a forecast

D707 Updated 

little bit lower is the most probable scenario but I’m looking for a bottom in the 2.00-2.1 region and a big rally into end of year ** Just an idea, NOT a forecast

D707

The strong rally today suggests that NG low of the year might be in, bullish divergence in play, biggest hurdle would be a close above last swing high at 2.488 * seasonally NG bottoms in the last week of July, so looks good timing wise ** Just an idea NOT a forecast

D707

I’m actually looking for a tradable low on NG, but charts suggest more near term weakness, a possible scenario would be up to 2.35 then resume the sell off to possibly 2.05-2.1 ** Just an idea NOT a forecast