18172 could be the target the candles can not be read for this commodity
Ethane price in the annual setting can not be shown with candles unfortunately but the lines look as if there will ne another push downward for the next move. otherwise it has to buid a base here before rising up again.
the 1st Big Father Candle was followed by 3 consecutive corrective candles. the next move up was completed by 4 small candles that were corrective by nature (because of their small bodies with long bipolar tails) but this slow move did not even go 50% of the first big candle. the last corrective candle can go straight down in one push to the bottom line from...
the index managed to rise above a chronic descending trend around 8 years ago. for the index to gain momentum it has to go sideways for sometimes. there is an aggregate of many dwarf & indecision candles in here. there is a thick red ichi cloud that can be penetrated through as it is not green. with proper management of the economy & foreign policy, this index, in...
for every 1 year of growth 1 year of correction phase exists for the previous 2 years of growth there may lie 4 years of correction phase.
the price can play in a range taken from 191 to 50 dollars per barrel. but ther is also a potential to drop to the level of 24 DPB. The RSI has registered a weakness in the tops and the shows that buyers are becoming weak and the floor of the triangle may break as the sellers have aggregated in this area.
Steel is hiding below the huge green mass of an ichi cloud whose leading span A & B are nearly on the verge of crossing one another. that signifies that it may take another 2 to 3 years for it to gain momentum to rise past this area of crossing. I think the price may not see further correction but instead may experience time correction & play in a range to the side.
Methanol has not experienced much price correction I expect another 41% drop in the price in the medium run of the time. there is a red aggregate of ichi cloud below that is untouched by the price & it idicates that the price has an inclination to see that level.
urea has dropped almost to the point from where the price lifted 3 years ago. it may drop further 17 to 28 % . the pressure for a short may have a fundamental basis that i am unaware of for this strategic commodity, but the companies like Shapdis & Khorasan are producing under their practical capacity, and are further struggling with the financial constraints...
analytic descrption of dollar on the annual candle setting from the year 1970 up until Jan 1980 we have had a strong upsurge of the price. thereafter gold experienced a correction that lasted for almost 20 years. the final upward move of the price also took 10 years time, after which we see that the price of gold is in a corrective mode both in price and time. it...