the next target of CL is 39.61, and if selling volumes are important, it will go to 38.76 Many signals approve my idea, the market has broken down the VWAP first. And there are chances that it could break the blue dotted line (the market resisted many times recently). In terms of prices, the RSI also broke its uptrend behavior which is coincident with 50%...
No place for selling the ZN, from 2001 it is following an ascending trend as shown in the figure. The patterns (double top & head and shoulders) I drew show that every time the market exit the canal, it goes back right after. As the ZN is slow, I believe that after a long time, prices will reach the middle dotted line, and if the volumes help, I expect the market...
The gold broke the last historical high 61.8% level of Fibonacci extension (weekly chart). The next target is 78.6% Fibonacci Level. However, I believe that there will be a correction because of the sharp uptrend on the daily chart, but it won't affect the increasing behavior.
The gold (known as a safe investment) is now likely to reach 2016.1 level and depending on volumes, it could reach 2275.7 level (of Fibonacci)
regarding to the last big green candle, the (inclined) resistance is about to be broken. I personally recommend to buy since it could reach 1.26009 level of Fibonacci
the market might reach or approach 2162 if the gold continues the same way (speculative bubble) after breaking the resistance I showed. However, a bumping into the 1933.1 line and decreasing is still expectable. Keep an Eye on the volumes!
From a large perspective (weekly or daily on a large period of time) FGBL is increasing. But for the moment (and in a short period of time) it's following a trading range ... Waiting for some volumes to change the behavior.
I publish this Idea to reinforce my previous analysis on this market, by looking at it from a large perspective. Since a breaking of a trading Range, the ZN (10 year T-note) reaches a new historical high. the breaking of the rectangle has been done by a huge volume (17 M). However, obviously, I expect the market could slow down if volumes aren't helping the...
The Market is compressing after having formed an ascending triangle. So my expectation is that it could continue going up if it breaks the upper horizontal line of the Triangle. Keep in mind that this market is slow (works in 30min), but it's a huge market looking at the amounts of money inside it.
the FGBL has crossed 3 Fibonacci levels (vertical green arrow), then has been slowed by the 177.19 bar, I believe that the behavior will continue being inclined-up to reach the 177.19 level and go over it. Of course, a great volume from buyers is needed to achieve this target.
Hi traders, concerning the CL I expect two possible scenarios: 1st (green arrow): If the market has sufficient green, strong volumes the market will go over 42.21. 2nd (red arrows): I think this is the most probable situation because of the last small sizes of the candles, as if the ascending behavior is losing power. So I expect a possible bumping into the...
Even if the ZN is traded in 30min time frame and is a slow market, I found it interesting to look at it on daily time frame to have a better view of the behavior. the Resistance is working well and a triangle is formed. My expectations are more with a continuity of the ascendant movement.
We are in a descending behavior, the bitcoin is about to bump into the VWAP and return back as mentioned in the graph. Let's see!
the resistance in yellow is inclined up (on daily), which means for the moment we give privilege to buying instead of selling, moreover, the candles have tested many times the resistance (the ellipses) so it seems to be correct. If the news is positive, the target of the petroleum will surely be the previous trading range (PULLBACK), so we need some green volumes...
after a long trading range, the market dropped. Then a pullback trying to reach the previous support was entamed. if the market has a strong green volume, it is obvious that we will reach the previous tops of the market. If else, the support (yellow) will be broken and the market would begin a descend. So let's look at the volumes and see what algotraders will decide...
the Tnote is also in an ascending behavior. the history line (in blue) is inclined up. the ellipses are representing the moments when the market touched/tested the line, and my line is working well (even when breaking it, a long candle is required to do so).
Before any trade, it is necessary to see the behavior of the market. The gold here (daily) is clearly not to sell , the line which tells us the story of it is ascendant.