Natural Gas -if below<$7.50- would turn warning lights for a double-top on the weekly (see chart). This would signal lower energy cost. – (Petros Steriotis, thetradingstrategist.com) Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk […]
Since Crude Oil went negative in April 2020, it has been in a strong upmove leading it past $100/bbl. However, the recent downtrend is now threatening the trendline that connects important lows on the daily. (see chart) – (Petros Steriotis, thetradingstrategist.com) Disclaimer> This post is informational only. This post is not a trading or investment […]
Gold is testing the most crucial make-or-break support on the post-pandemic weekly chart. Further weakness will confirm the breakdown and the double top and will project a target price as lower from here as the distance between the support (ca. $1.670) and the horizontal resistance (ca. $2.080). Disclaimer> This post is informational only. This post […]
In order to convince us that a rounding bottom is in, BTC will need to surpass the 25k. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible […]
September has been an extremely good month for Silver, correcting many of the August injuries. However, daily price is still in a mode of lower highs (and lower lows) and will need to breakout from the downtrend line (see chart) to reverse this situation. Disclaimer> This post is informational only. This post is not a […]
Gold did not benefit from the latest party in Silver. Gold is still stuck in a bearish-looking price flag. Disclaimer> This post is informational only. It is not trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible for!