So the price went backt to the demand zone ( purple box zone). The earnings is quite good, so I think the price will rally to the upward side. It has a good risk reward ratio.
So the cost of energy is rising. The price of crude oil is also rising. Because of this, I expect that the price of Ovintiv to reach the multi year resistance.
MACD on weekly chart turned bearish. I expect more downside for gold. First target 2000$ then 1925$
Cattle futures just came back to previous resistance. we had a really good rejections. I expect donwside movement. Dont forget to setup the stop loss!!!
There is an inverse H&S pattern on the chart. If the earnings report comes good then I expect a major bullrun. Price target 100$
We saw a huge rejection at 4$ in case of copper. The chinese market is still weak, so in correlation with that i think copper will move to 3.5$ area. If the neckline is broken, i expect a big downside.
Plug Power formed a Head and shoulder pattern. My price target is 3.65$
So leanhogs price just got out of the range. Now there is 2 option: !. First> retest the zone and go upside 2. Classic Wyckoff distribution with an uptrust. Potential short. Lets wait for confirmation!
OIl production remains constant by the opec, stable supply. I think the price will fall.
Yesterday we saw a great breakout from the up-trend channel. But then comed the FAANG earnings. I expect to move back into the channel. we need to form structure for further growth.
There is a long accumulation zone. There is two option : 1 breakout with trend continuation 2 a fals breakout and a big dump/crash What do you think?
So there more uncertainty in the market, gold is raising constantly. In the week chart I identified a big cup and handle chart pattern. If it is true than gold is ahead of a big bull run.