Massive sell day today lands palladium at a massive LVN for the larger annual trend (7 year uptrend kicked off last year). Will wait a few days for signs, but weekly downtrend could very well fail here
If you're interested in the methodology used above, stop by the Key Hidden Levels chat room. *Posts are for my personal notes only*
A short-term decline in US10yrs could push yields to 3.1% within the next two weeks, followed by what I expect to be at least two months of corrective price action. Several high-tension events that could spark the traditional 'safe-haven' demand and kick off the interim decline culminate on Monday, March 5th. With the longer-term trend active, I'm bullish on...
Trump's tweet looks to mark a sentiment bottom in LME aluminum.. Century looks like a low-volume buy in a larger monthly/yearly uptrend. Entry is on a stop out of today's range-expansion sell
A 17-day uptrend just triggered here in copper inside an already active weekly trend. If you're interested in the methodology used above, stop by the Key Hidden Levels chat room. Posts are for my personal notes only
Methanex is in a strong monthly uptrend but recently dipped oversold on the daily time-frame and flashed a buy signal. Adding to the bullishness, the recent daily range-expansion sell bar on 1/16 failed to meet its downside target. The chemical company has a FCF yield of 12%+, and the stop level is 1.5x daily ATR. If you're interested in the methodology used...
Friday brought a fresh daily long in crude targeting $61 within the next 9 days. This setup offers a solid 2.5R with a conservative stop, and is supported by a weaker near term outlook in the US$ as well as the recently agreed upon nine-month extension in OPEC/ally production cuts. A larger 13-month uptrend remains active into late next year, but with the...
An 11 week long signal was just triggered in US10yrs, placing conservative yield targets at 2.65%-2.75% by the end of February. This outlook could get much worse if the 11 month trend goes active before the end of Dec.
Longs look good with entry/target/stop levels shown on chart.
Trade entry/target/stop shown on chart
Entry/target/exit shown on chart; monthly uptrend active.
Dollar looks to be toasted for the upside in the near term. Could be ready for more upside sooner if we see a more dramatic drop off in price to around 99.40 (blue). Otherwise, we could correct this larger leg through time for all of February as well (purple).
Appealing short based on close of last week. Entry: MKT Target: 689 Stop: 767
Strong weekly close could trigger a much larger monthly scale upside for the patient. Entry: MKT Target: 5R+ Stop: 12.26
Weekly price objective met/time expiring next week with no new daily low in 5+ days. With a strong close an upside play here could be promising.
Upside weekly play looking decent here. Long: MKT Target: TP at 3R+ Stop: 8.15