miners and gold made quite massive moves down. after breaking the assumed trend line from the december lows we must find a different pattern to explain the recent moves. my best explanation now is that we are about to complete an abc correction(now-august) before the last leg down(aug-dec). this would also coincide with the seasonality in gold---up from now till...
Commercials starting to sell, bearish hidden divergence, bearish seasonality, downtrend. Price showing hanging man. Could go a a bit more up but from here to september should be priced lower.
*7 yrs seasonality suggesting upcoming weakness *Fractal extrapolated from 1991 matching. Stop at 2017 highs, first ideal target at Fibo 50%
Strong weakening of bullish momo, over bought, bearish seasonal window and very strong commercial selling.
Firstly I must add that I am not an oil expert, however in the recent couple of weeks commodities have been hit hard. Its a pity I cant get copper or iron on this chart, but gave you silver just for the general idea. This slump in commodities in general is what is causing CAD and AUS weakness. I still have a USDCAD short idea that was posted maybe a week early....
Here a projection with seasonal datas. seasonalcharts.com Any other ideas?
The price of gold is in the middle between long-term support / resistance levels. An upward trend may lose momentum. The dimension of the movements upwards is reduced. The size of the rollbacks is increasing. The closer the summer, the stronger the influence of seasonal decline in gold prices. If the upward trend does not get support in the coming weeks, work...
AMD major disappointment today. semi heading into seasonal weakness august time frame. Might be carving out a top here.
EURUSD has posted a spike low in March 2015 and subsequently has failed to close below that low on monthly charts on last 2 attempts. This suggests that potentially an important low might be in place and that the EURUSD could continue much higher from here over several months if not more in longer term bullish cycle. See monthly chart below for the details The...
Price upside momentum starting to fade too.
Ok... This one is interesting. Your typical text books formation. But, the Right Shoulder has not been confirmed yet, so it might not form it in the end. Be careful. If it will close above around 3.30, then it won't be H-a-S. But if it will want to push lower, then I would be really happy to see it go to 2.80, 2.60 and we're very lucky, 2! But this just an...
Short PUT on SoyBean due to seasonal aspects and extreme long positioning of commercial traders, highly raised volatility in the last days
I like to look for market reversals at equinox & solstice, this could be one. Def worth thrown' some dust at.
Though anything can happen in the coming days there is a clear season shift with DASH and as of about 14hrs ago the shift is to bear until Summer Solstice. see more
Seasonality pointing towards a bounce. Commercial positioning starting to turn bullish. Suport nearby could used as an entry point if reached with stop on break of it.
Hello all...please take a look at this channel on the Daily Chart and let me know if you think we might have a huge buying opportunity entering driving season for CL.
Yesterdays EIA drilling report was bearish suggesting increase in natural gas production. Suppl is rising but demand is seasonally low. It early to rise electricity consumption and summer is going to be relatively cold as well. More info for cofutrading premium subscribers.
Yesterdays EIA drilling report was bearish suggesting increase in natural gas production. Suppl is rising but demand is seasonally low. It early to rise electricity consumption and summer is going to be relatively cold as well. More info for cofutrading premium subscribers.