This stock is overbought and will be choppy for couple of days , but in long term I believe this is a good buy , depending on oil prices to stay above 45 usd ( wti ) . This is my personal trade ( I actually invested in it ) , not a suggestion or advice.
All trends show an upward movement , depending on the covid situation I personally believe this should be around 1.5 usd somewhere in August. If covid situation worsens then we will see them bankrupt. SO trade with care and remember this is my personal trade not a suggestion ...
Soybean meal stayed in this range for very long time. Also except meal almost all ag futures rallied around 10% . Also the trend shows a jump from a double bottom... Anyway I expect a price range between 315 - 343 within 1 month....
I expect a fall down to 1.24 within march ( depending on political updates ) . This will not work unless the price hits 1.27 levels this week. Happy trading. Also please do not take this as a trading advice. This is merely the trade I will try.
Guys , we saw a sudden jump in Gold which was justified by the middle east turmoil and even though the tension is not back to normal , oil prices are back ( even supply lines are still in danger ) but gold is keeping its earnings. US-China deal is done, usmca is done, middle east and north african turmoils are almost stabilized ( Iran announced they are back to...
I expect the US Oil to get back in the channel. Depending on the middle east issues, I expect it to slowly go up to 62 .
Unfortunately it seems until the last 10 years trend is broken , I expect a sharp and huge fall maybe even below 1.3 . Be careful guys. If you check the open interest many big speculators are shorting . Careful with your SL and don't leave your trade open for weekends...
I believe this rapid rally over 1500 is due to the shallow trading volume and some whales suddenly wanted to get their year-end bonuses. Anyway , I expect a rise maybe up to 1530 , but with the current global optimism and datas , I believe a sharp fall will follow. Please do not take this as a trade suggestion , this is merely my personal view. So trade with...
As I have said yesterday , there is a strong resistance on 1458, still it is holding , if it keeps holding after USA datas, I will long again . If it is broken , next resistance is 1449-1446(very weak resistance ) -1444-1439, if it holds there are lots of strong resistances resistance is 1465 ( very strong resistance ) , 1469, 1472, 1480, 1494. Good luck to you all.
GUys , I guess in the long run , especially if trade deal happens , there may be a big drop around 1280 levels.
I will go long if price is rejected from 1454 again and have a 4 hrs close over 1458 .
Even though the price have already broken the resistance upwards , there is still no daily closure above that level. There is still a possibility to hit a ceiling and bounce back down to 1440 levels.
Trumps speech made me question the trade agreement. So I change my views. Firstly if there will be an up trend ,first 1458 should be broken with a daily close, right now as you can see in the graph price is going into a triangle squeeze , if it is broken downward with a daily close 1408 is still possible.
It seems gold will fall a bit more until it finds a ground to jump. We may see drops up to 2-3%, if we see another daily close below 1456.
We will see further down, if 1459 is broken and close below that we will see some panic sales and first strong resistance will be 1408 . Below that level there is a possibility to see 1360. These are mostly dependent on news and Trump tweets ( trade war ) .... if no news or positive news comes this will be a bears market. If further negative news or tweets come...
1459 resistance on daily basis is not broken , until it is broken there is a risk for continuing the uptrend seen on the monthly and weekly graphs. If 1459 is also broken on 4 hr graph on monday we will see down to 1408 ( unless Trumpet tweets something ) ...
I believe if 1459 is broken , Gold will move to 1408... Currently it seems Gold found a buyers zone at 1462-1466 levels, so it may jump up to 1480 ish and may move between 1462 - 1480 for a while.