-
GASOLINE Head and Shoulders likely to turn long-term bearish
- August 3, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
No CommentsGasoline (RB1!) has been rising since the March 2020 bottom on a straight Channel until late February 2022 where war and inflation worries turned it parabolic as illustrated by the use of the Fibonacci Channel extensions. Following the June 06 market top, a Head and Shoulders (H&S) pattern was formed that hit (and so
-
OIL showing that inflation has peaked.
- July 27, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Another inflation (red trend-line) cross study, this time against the WTI Oil (USOIL). It is evident that the correlation between the two is very tight and every time the Oil market started forming a top pattern (circles), the Inflation Rate followed it lower shortly. I will not get into much detail as the chart
-
XAGUSD At the bottom of the 2 year Channel Down
- July 26, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Silver (XAGUSD) has been approaching the bottom of the long-term Channel Down that has been trading in since the February 01 2021 High. This makes it an automatic technical buy targeting first the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) in extension. This is depicted on the 1D RSI as well
-
WTI OIL hit its 1D MA200 first time in 2022! Bottom can be lower
- July 13, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Crude Oil (USOIL) touched today the 1D MA200 (orange trend-line) for the first time in 2022, more specifically since December 21 2021! This strong selling on the market has come after successive Lower Highs since June 14 and a rejection on the 1D MA50 (blue trend-line). Since the March 08 market High, this
-
XAUUSD Flash crash to 1680 still possible.
- July 8, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Gold (XAAUSD) broke this week below the 30.000 1D RSI for the first time since August 2021. It was only a week ago when we warned of this potential collapse based on the following 1M (monthly) structure: Now on this 1D time-frame analysis, we see that following the 1D Death Cross (when the 1D
-
XAUUSD could be on the brink of collapse.
- July 1, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
This is a chart that no-one in the Gold (XAUUSD) market (or as a matter of fact in the metals market) wants to see fulfilled as the 1M (monthly) time-frame presents a devastating scenario for the next 1 year at least. As you see this is based on a fractal taken from Gold’s previous
-
PALLADIUM Buy signal to the 1D MA50.
- June 23, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Palladium (XPDUSD) has been trading within a Falling Wedge pattern since late March and below the 1D MA50 (blue trend-line) since April 21. With the 1D Death Cross having been formed (when the 1D MA50 crosses below the 1D MA200), the market seems to be pricing a bottom, rather than preparing for a deeper
-
NATURAL GAS Strong sell towards at least the 1D MA200
- June 20, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Natural Gas (NG1!) broke below its 1D MA50 (blue trend-line) last week for the first time since February 11 and upon the first re-test as a Resistance, it got rejected. This indicates strong sell bias on the medium-term. The likely target is the zone within the 1D MA200 (orange trend-line) and the 1D MA300
-
XAUUSD Still bearish unless the 1D MA50 breaks.
- June 13, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
A lot of volatility lately on Gold (XAUUSD) with the inflation data weighing on the technically bearish long-term pattern, which as we outlined last week was a Channel Down: As you see, the price got indeed rejected on the 1D MA50 (blue trend-line on the current chart, red on the previous analysis), which is
-
XAUUSD Still bearish unless this level breaks
- June 6, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
Gold (XAUUSD) has established a Channel Down pattern since its March 08 peak during the Ukraine – Russia war. Since May 16 it has been forming its new leg to a Lower High but three sessions ago it got rejected on the 4H MA200 (orange trend-line), cutting the uptrend from a 1D MA50 test