Commodities (Futures)
Commodities can be cash commodities, or actual materials, like gold, copper, pork or wheat. A futures contract is called a contract because it requires physical delivery at a specific date in the future, and the buyer has to accept unless the futures contract is sold before it’s due (expired).
Buyers and sellers of futures contracts agree with the sellers on a fixed price to purchase a commodity at the delivery date. As time goes on, the price of the futures contract fluctuates, due to different expectations of what the price should be. Futures charts are used to track these price changes and speculative traders can profit or lose on these movements.
Buyers and sellers of futures contracts agree with the sellers on a fixed price to purchase a commodity at the delivery date. As time goes on, the price of the futures contract fluctuates, due to different expectations of what the price should be. Futures charts are used to track these price changes and speculative traders can profit or lose on these movements.
0
193
XAGUSD Previously Long From 15.8 Now is 18.295.
Wait for black lines to add back some previously take partial profit positions and and long.
Wait for black lines to add back some previously take partial profit positions and and long.
0
198
FX:UKOIL
https://www.tradingview.com/chart/EURUSD/g7hC6VUR-Gartley-Pattern-Engagement-Rules-Educational/
Safe Trades;
https://www.tradingview.com/chart/EURUSD/g7hC6VUR-Gartley-Pattern-Engagement-Rules-Educational/
Safe Trades;
0
295
Gold was bottomed at December 3rd last year and was confirmed at December 17th with a double bottom. I made an elliott wave analysis previously and pointed that the five waves down were finished and would start a three waves correction.
https://www.tradingview.com/chart/XAUUSD/NKzjEAKk-Structure-of-Gold/
From elliott wave analysis the wave A correction has raised from 1046.23 to 1263.37 with 70 days. Then it underwent an expanding triangle correction for 109 days which is wave B. It broke out of the correction region at Friday. If this breakthrough is confirmed in the following week, gold will head for higher.
I made a time@mode analysis based on @Tim West and @Ivan Labrie's method.
Price target:
TP1: 1391
TP2: 1463
Time target:
T1: August 31th
T2: November 04th
Good luck for everyone!
Notes: Pay attention to whether the breakthrough will be confirmed in the following week. If it does, gold is in wave C.
https://www.tradingview.com/chart/XAUUSD/NKzjEAKk-Structure-of-Gold/
From elliott wave analysis the wave A correction has raised from 1046.23 to 1263.37 with 70 days. Then it underwent an expanding triangle correction for 109 days which is wave B. It broke out of the correction region at Friday. If this breakthrough is confirmed in the following week, gold will head for higher.
I made a time@mode analysis based on @Tim West and @Ivan Labrie's method.
Price target:
TP1: 1391
TP2: 1463
Time target:
T1: August 31th
T2: November 04th
Good luck for everyone!
Notes: Pay attention to whether the breakthrough will be confirmed in the following week. If it does, gold is in wave C.
1
137
Simple Rising Wedge Pattern in Downtrend Breaks lower.
Target $45.82
Target $45.82
2
178
Guys, I think we MAY have completed an ending diagonal for a TRUNCATED intermediate 5th of primary wave C of cycle wave B !!! Shoot! I HOPE I AM WRONG! I'll post a zoom-in of the futures trading action.
0
48
I don't think gold is in a bullish impulse wave.
I think gold is developing wave X and will see wave Y soon.
This trading plan is a opportunity to short Gold TP. below 1000 stop loss above 1380.
I think gold is developing wave X and will see wave Y soon.
This trading plan is a opportunity to short Gold TP. below 1000 stop loss above 1380.
0
90
@1373 - 1380
See the link weekly chart
https://www.tradingview.com/chart/XAUUSD/t1aBfPj6-gold/
See the link weekly chart
https://www.tradingview.com/chart/XAUUSD/t1aBfPj6-gold/
0
106
Is it a dark Friday? Luckily it is not 13th of the month.
UK has voted exist UN impact the financial market. People and traders are somewhat panic for this event show an over reaction to the final voting result. Daily chart on Friday appear a Dark candle penetrate 5, 10, 20, and 365 MA line. But the close price is keeping well above 50 MA. The Brent Crude oil price looks like want to test 50 MA and previous low price (2016/06/16 Low: 46.92) again by next week. Let's see if it can hold or not. If the previous low could not get support, then a testing low of 270 MA will be the next target.
Bearish signal:
1. A dark candle bar penetrate 5, 10, 20, and 365 MA on Dark Friday.
2. A passive Psychical logic reaction to the financial after confirm UK voted for exist UN.
3. Major Stock Index drop down sharply (UK100, DOWI, SPX, NKY225, DAX)
4. Bull buyers might sold out their position to kill the bull.
5. Transaction Volume is still going down.
Bullish signal:
1. Finally UK shows a confirmation attitude.
2. Physical demand is still strong.
3. 50 MA and 200 MA are still going up.
4. Gold price continue going high.
Overall, I guess it is in a correction stage after the 1st big bullish wave.
Correction Target:
1. 46.92
2. 45.50
3. 43.50
UK has voted exist UN impact the financial market. People and traders are somewhat panic for this event show an over reaction to the final voting result. Daily chart on Friday appear a Dark candle penetrate 5, 10, 20, and 365 MA line. But the close price is keeping well above 50 MA. The Brent Crude oil price looks like want to test 50 MA and previous low price (2016/06/16 Low: 46.92) again by next week. Let's see if it can hold or not. If the previous low could not get support, then a testing low of 270 MA will be the next target.
Bearish signal:
1. A dark candle bar penetrate 5, 10, 20, and 365 MA on Dark Friday.
2. A passive Psychical logic reaction to the financial after confirm UK voted for exist UN.
3. Major Stock Index drop down sharply (UK100, DOWI, SPX, NKY225, DAX)
4. Bull buyers might sold out their position to kill the bull.
5. Transaction Volume is still going down.
Bullish signal:
1. Finally UK shows a confirmation attitude.
2. Physical demand is still strong.
3. 50 MA and 200 MA are still going up.
4. Gold price continue going high.
Overall, I guess it is in a correction stage after the 1st big bullish wave.
Correction Target:
1. 46.92
2. 45.50
3. 43.50
2
254
After 5 wave fall from the high of 1992 to the low of 1045 in dec 2015 (A)...We have completed a 5 wave countertrend move A of (B). Now we should retrace this move in 3 legs B of (B) upto minimum 50% that comes to 1200 lvls.
0
73
We have been long since low 14s and looking to TP between high 20s and low 21s (see chart for targets). NOTE: We add on longs at every rejection of uptrend TL. We avoid short positions.
0
105
I am analyzing this monthly chart with the help of 20 EMA. As far as gold close monthly candle above 20 ema.. bullish trend will remain intact and gold will continue to jump upside..
Bears tried 4 times but gold closed all last 4 monthly candles above 20 ema. To me its a very bullish sign and now we have breakout of last high after Brexit.
There will be consolidation as gold has approached towards Monthly Resistance Trendline but overall picture is very bullish. Next milestone will be 1430/1435. If it remains under 1430/1435 then consolidation will remain in place between 1200 and 1435 But weekly and monthly candle close above 1430/1435 will open new doors towards 1550 and towards 1800 and 1900.
This week is very important for gold especially Monday!!! I will be watching for retracements as it will clear long term picture..
For now gold holds bullish setup on daily chart.. lets see how it rolls for short term but monthly chart is depicting breakout upside soon.
To turn gold bearish... Monthly Candle needs to close below 20 ema!!! Above bulls will keep rocking.
Bears tried 4 times but gold closed all last 4 monthly candles above 20 ema. To me its a very bullish sign and now we have breakout of last high after Brexit.
There will be consolidation as gold has approached towards Monthly Resistance Trendline but overall picture is very bullish. Next milestone will be 1430/1435. If it remains under 1430/1435 then consolidation will remain in place between 1200 and 1435 But weekly and monthly candle close above 1430/1435 will open new doors towards 1550 and towards 1800 and 1900.
This week is very important for gold especially Monday!!! I will be watching for retracements as it will clear long term picture..
For now gold holds bullish setup on daily chart.. lets see how it rolls for short term but monthly chart is depicting breakout upside soon.
To turn gold bearish... Monthly Candle needs to close below 20 ema!!! Above bulls will keep rocking.
0
47
long term upward trend is confirmed with recent lows following a trendline. Earlier rising wedge is turning into a upward moving channel. Next up is a test of long term high of around 50.88 and strong fibos at 48
0
28
go long usoil again at 44.83
1
11
Silver bounced when hitting structure to now running into another structure...