Gold idea2/ No need to elaborate further, and you knew that the Chinese have stopped their purchases. Shortby paullefebre921
Impending rise for oil prices?If you would like to be notified whenever I post a new article, just click “FOLLOW” at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. Impending rise for oil prices? WTI crude oil futures held steady around $78 a barrel on Tuesday, after rising 3 percent in the previous session on expectations of increased demand for fuel in the summer. The U.S. government may also fill the Strategic Petroleum Reserve at a faster pace as it aims to buy back oil priced around $79 per barrel. However, I remain cautious as I await the Federal Reserve's policy decision and U.S. inflation data this week. Positive U.S. employment data released on Friday raised concerns that the Fed may keep interest rates higher for longer, which could hurt the economic outlook and energy demand. Markets will be interested in data on U.S. crude oil inventories from the EIA today. OPEC+'s announcement to ease production limits by the end of the year has created much discussion about recent changes in oil prices. But personally, I am not worried because if prices continue to fall, the oil cartel may have to delay or cancel the plan to phase down production as early as August. It would not be surprising if OPEC+ decides to postpone production cuts and announce this decision as early as early August if oil prices remain around $70. Earlier this week, OPEC+ announced that production cuts of 1.66 million barrels per day will remain in place until 2025. In addition, voluntary production cuts of 2.2 mbpd will be maintained for another three months until September and then gradually reduced. Lower oil prices are a blow to major oil producers such as Saudi Arabia and Russia. The former needs an oil price above $90 a barrel to balance its budget, while the latter needs an even higher price to support the ongoing military intervention in Ukraine. Although there may be a decrease in oil prices, this is likely to remain subdued during the summer due to seasonal demand that will keep crude stocks in check. In the summer season, we expect sustained demand for oil and a reduction in global inventories from July to September. Therefore, we maintain a positive view on oil prices in the summer months. If you are trying to predict oil prices, there is a highly effective method you can use. Analyze oil producers to determine if their stocks are solid and cheap. With Tradingview you will have an essential tool to properly analyze the fundamental performance of each stock, avoiding costly mistakes. By using Trading View to analyze Exxon Mobil Corp (XOM), we can see that the stock is strong and attractively priced, which makes me optimistic about oil prices in the future. My prediction is that oil prices will reach $82 in the next quarter. We look forward to seeing you in the next article! And remember, for successful trading always rely on Tradingview: an indispensable tool that can help you avoid serious mistakes during your trades. Longby Antonio_Ferlito0
USOIL ACCURATE ANALYSIS Usoil as per analysis buy trend dominate the market and breaked down trend line 1:3 RR Small SL Longby DNA_Trader_Officials0
GOLD IDEANo need to elaborate further, and you knew that the Chinese have stopped their purchases. 2250Shortby paullefebre921
USOIL Hitting $93 in Two Months!Return to Upward Channel and previous resistance - become now bottom support. After return to channel we have Summer natural high to support pure lambo mode... Longby cowboycraig0
Can the HOUSE CAPITALIZE LONG from 1HR Demand...?COMEX:GC1! "To be the best you have to work overtime." -Floyd Mayweather Jr. I have simply come up with this Narrative to go LONG from studying PA. On the 4Hr TF price rejected multiple times at the Daily Support level and buyers started to push up from the supported LEVEL ($2309.0)... 1) We have a clear 1Hr inside bar candle that has yet to be mitigated and this is what I want to enter the market LONG off of. I took 50% of the zone covered the Last Market Low for my stop and I'm targeting the next Minor S&R Zone in the market also based off the 4HR TF ($2335.5)... Now lets see if we can get the Tag in and BIG PUSH UP!! Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions Longby TreyHighPwrUpdated 1
NQ - trading session no.224:00pm - 5:00pm good session today - look out for key lvls! When price is consolidating --> even more lvls!!! - try not to get a bullish or bearish bias when were in a consolidation (higher timeframe) - trust your gut! worked out well today PnL: +2 RRby GRBmlr1
BANKNIFTYBANKNIFTY closed below va 1. gapup 50000 long till 50150 2. 50000-49600 trade reversal 3. gapdown 49600 shortby subhankarsahoo0
Market Structure and Price Action on GOLD (11 June 2024)11 June 2024 GOLD Long Term Market Structure: Price Action since January 2024 is in a Bullish or Up Trend witch opened @ 2062.970 on 02 January 2024 and went to a High of 2450.125 as recent as 20 May 2024. Just by looking at the increase in price from January GOLD is currently in a Bullish Trend. Looking at the daily graph from January one can clearly see that there was a period from January 2024 till 1 March 2024when the price consolidated in a channel between 2064.418 (Top of Channel) and 1992.158 (Bottom of Channel) The price broke above the channel and went to high level at 2399.564 on 19 April 2024.06.11 After this High it seems like the price is currently consolidating in a channel between 2428.233 (Top of channel) and 2286.423 (Bottom of channel) Long Term price action suggest that there is a Long-Term Bullish Trend and before a clear and obvious change in Market Trend is not visible one can only see this market as a “Buyers” market. Meduim Term Market Structure: Like mentioned in the Long-Term market Structure Analysis made the Price Action is currently sideways in a channel. A Break beneath the 2287.534 level may result in a pullback to the 2147.145 level if the Bears take control of the medium to long term market. A Weak Dollar ($) may cause the price of GOLD to increase further and eventually reach a yearly high very soon. My personal feeling is that there is currently to much uncertainty in the US Markets to strengthen the dollar in such a way that it will decrease the price of GOLD. The 2024 US Election on 05 November 2024 will also be no confidence booster for the Dollar ($) Witch will also boost the price of GOLD to increase. Short Term Market Structure: Price consolidation is taking place (Struggle between buyers and sellers for market dominance) since the sharp decline in price on Friday 07 June 2024 @ 14h00 Price is consolidating in the channel of 2315.627 (Top of channel) and 2291.608 (Bottom of channel) Short Term Factors and News that may influence the Price Action of GOLD is: - Wednesday 12 June 2024: News on Inflation Rate (YoY and MoM) and Core Inflation Rate (YoY and MoM) @ 14h30 pm in USA - Wednesday 12 June 2024: FED Interest Rate Decision @ 20h00 pm Wednesday 12 June 2024: Wednesday 12 June 2024: - Thursday 13 June 2024: PPI (MoM) in USA @14h30 pm By looking at Market Structure through current and long-term Price Action on various time frames, I would be making the following predictions to future price action on GOLD: - Wait for more short-term price structure to decide in which direction to take your trade. (Buy the Market or Sell the market) - Keep an eye on the shorter time frames to check for push above the 2315.675 level which may confirm the current Long Term Bullish Market Structure and result in Profit Targets on the increase in price level. - Although Momentum is currently to the “Downside” on shorter (1 Hr) time frames the Momentum is not very strong as this may result in a sudden increase in the Price of GOLD when Fundamental News out of the USA takes place. - I would certainly look for short term pullbacks in price to buy the market and go with the direction of the Longer-Term Market (Up Trend) (Remember: The Trend is your Friend) ** Information supplied, recommendations made in this written piece about Analysing the mentioned Forex pair must not be taken as Financial Advice and X&Y Trading (Pty) Ltd and its managers or partners may not be held responsible or held accountable for any loss suffered by anyone deciding to open a buy or sell position regarding the above analysis. Longby Chapman0
Gold Must Do This Gold (August) / Silver (July) Gold, yesterday’s close: Settled at 2327.0, up 2.0 Silver, yesterday’s close: Settled at 29.874, up 0.434 Gold and Silver futures have faced tremendous headwinds from all angles. Friday’s obliteration began after data showed People’s Bank of China did not add to its Gold reserves in May, breaking a streak of 18 straight months. Although we know central banks around the world are still adding to Gold and private entities in China are likely to be doing the same, the news should not have been a total shock as the PBOC softened its buying in April, and as prices have skyrocketed, up as much as 23% in May from the December low. A strong U.S Nonfarm Payrolls reported, highlighted by large job growth and steadfast wage growth hit a market while it was down. However, the Unemployment Rate rose to 4.0%, a two year high. While pockets of data show some erosions, job growth has been abundant, especially in the services sector. Gold and Silver price action improved yesterday before China returned from a three-day holiday to pick up from Friday’s selling that was incurred during U.S. hours. While Silver set a fresh low last night, losing 3% from session highs, Gold remained more constructive, and we are now seeing improvement at the onset of U.S. hours. In fact, Gold is testing the highest level since Friday morning. While there is strong overhead supply in the aftermath of Friday’s damage, we view a move that can hold above 2327-2330.6 as constructive and sets the stage for a potential move out above major three-star resistance at 2343.3-2346.2, which pins Gold positive on the month and neutralizes Friday’s bludgeoning. Bias: Neutral/Bullish Resistance: 2334.8-2337.1***, 2343.3-2346.2*** Pivot: 2327-2330.6 Support: 2322.5-2324.7**, 2314.5-2318.5***, 2302.4-2308.7***, 2227.5-2256.4*** Silver (July) Resistance: 29.62-29.72**, 29.87-29.94**, 30.07-30.09***, 30.23-30.33*** Pivot: 29.51 Support: 29.33-29.37**, 29.13-29.23**, 28.70-28.80**** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Blue_Line_Futures0
Repairing the Damage. What's Next for Oil?The chart above is continuous front-month Crude Oil futures. We are referencing the July contract below. Crude Oil (July) Yesterday’s close: Settled 77.74, up 2.21 WTI Crude Oil futures notched a fantastic start to the week, gaining 2.93%. It is no coincidence the gain comes on the heels of a strong U.S. Nonfarm Payrolls report on Friday. We have spoken about this often, strong economic data may encourage a risk-off tone by pushing out Fed rate cut projections, but ultimately has a positive impact on Crude Oil in the aftermath. Some of yesterday’s rise could also be credited to consolidation tailwinds ahead of this morning’s OPEC Monthly report that left projections little changed, and prices have initially reacted by coming off session highs. We look to the EIA’s Short-Term Energy Outlook at 11:00 am CT. Technically, yesterday’s move to reclaim major three-star resistance at 76.15-76.63, the May lows, has neutralized the early June fallout. As today’s session unfolds into tomorrow’s weekly EIA data, it will be critical for price action to hold out above major three-star support at 76.15-76.25 in order to keep the bulls, in our opinion, with their reestablished edge. Bias: Bullish/Neutral Resistance: 77.51-77.80***, 78.29-78.16**, 79.32-80.09*** Pivot: 77.35 Support: 76.99*, 76.63**, 76.15-76.25***, 75.53-75.84** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Blue_Line_Futures0
Your Roadmap Into CPI and the Fed MeetingE-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5371.25, up 15.50 NQ, yesterday’s close: Settled at 19,109.75, up 72.00 E-mini S&P and E-mini NQ futures consolidated below their respective record highs set in the post-Nonfarm Payrolls rebound Friday. Given yesterday's lack of additional enthusiasm, today could provide a nice range trade as market participants await tomorrow’s CPI release at 7:30 am CT and the conclusion of the two-day Federal Reserve meeting at 1:00 pm CT, where they release a policy decision, statement, Summary of Economic Projections, and Fed Chair Powell holds a press conference. Internally, yesterday was a mixed session. AAPL finished lower amid its developer conference, NVDA pared losses on its first day of trading the 10:1 stock split, AMD was downgraded, LLY set a fresh record on its Alzheimer’s drug news, financials were lower and energy was higher. As we near the U.S. opening bell, both the E-mini S&P and E-mini NQ futures are flirting at their respective pivot and point of balance. Continued action below 5360-5363.75 in the E-mini S&P ushers a retest of the opening bell low from both Friday and Monday at 5341. Similarly, continued action below 19,067 in the E-mini NQ increases the probability of a test of 18,940-18,982. However, a firm tape within the first 30-60 minutes that holds above our Pivot and point of balance could pave the way for an old-school pre-Fed ramp. Given tame CPI expectations and the dovish-leaning results of the last FOMC meeting, this is certainly in the cards. Bias: Bullish/Neutral Resistance: 5371.25-5375.75**, 5380-5385.50**, 5400-5406.50***, 5420.75**, 5430.50**, 5449.50***, 5459.75***, 5475.75*** Pivot: 5360-6363.75 Support: 5357**, 5348.25-5351.25**, 5339.75-5341**, 5328-5331.25***, 5322**, 5312.50-5316.50***, 5304-5306.50***, 5295.25-5298**, 5286.50-5288*** NQ (June) Resistance: 19,121-19,155***, 19,208**, 19,319-19,322***, 19,414***, 19,507*** Pivot: 19,067 Support: 19,017-19,034**, 18,940-18,982***, 18,854-18,880***, 18,800-18,819**, 18,753-18,756***, 18,701*** Micro Bitcoin (June) Yesterday’s close: Settled at 69,875, up 120 Bias: Neutral Resistance: 68,600-68,850***, 69,755-69,875***, 70,415-70,515**, 71,160**, 71,650-71,890**, 72,635-72,825***, 73,685****, 76,685-77,000*** Pivot: 67,780-68,035**** Support: 66,898-67,030***, 65,995**, 65,067**, 63,236-63,325*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
back testingit bullish to the upside clearing the previous highs, and i thought it was going to bearish and take out the liquidity, but it continue to create new highs.Short09:18by aarudaprodigy0
Bear Trade / E-Mini S&P 500 / US OpenTrade based on price action of bearish trending market. Technical analysis on one hour time frame.02:22by PATGLLC0
NASDAQ PLAYBOOK SETUP Expecting a pull back to 19075 area and then a drop from there. Warm up for CPIShortby titovic0
HUMBLE GOLD TO 2KA short view on a dented bull run....this month is looking heavy for gold buyers as a possible break below 2280 can signal a downpull to 2000 level....23Shortby stay_23Updated 0
WTI - ShortAs per on chart, looking for a scalp intraday - RSI Div - 68.2 retrace Shortby howard25350
Long $ES Risking a close below 5343.75. I like the imbalances we have. CPI/FOMC tomorrow. Longby SimpleJackTrading0
Buys - GoldA great looking 1:23 bullish setup on XAUUSD. After the price has been heavily bearish last week it left some gaps and liquidity to be filled and collected.Longby Sandile_M0
Prep and Lean ES/SPX 6.11.24ES Trade Plan Inflection: 5376 Upper lvls: 5382-5385 / 5397 / 5408-5413 Lower lvls: 5364 / 5355 / 5331 NQ Trade Plan Inflection: 19105-19115 Upper lvls: 19197 / 19220-19233 / 18279 Lower lvls: 19040 / 18988-19005 / 18970 / 18894 Stay Frosty!06:09by Beyond_Charts0
buying $platinum here $XPTUSD reasons: 61.8 fib retracement look at Platinum/Silver chart diverging on 4h and 1h something that can be bought and forgot Longby Kangaroo-Market0
GOLD (XAUUSD) Long Idea (Until the end of the week)Despite the China news about gold impacted negatively, still the strength of the GOLD keeps alive as it follows the local ascending channel. The fall of the price took place as imbalance and the zone which should be fair value zone has to be hit at least until the end of the week. The target is shown on the graphs. Good Luck to ALL!!!🙌🏽❤Longby TetanForexUpdated 0