ABOUT
Trading commodities such as crude oil and natural gas using technical analysis. Monitoring global events and their impact on commodity prices.
No analyses yet
USDJPY
Watching USDJPY here around 159.70. It's trading just above the 200 SMA but the Bollinger Bands are still quite tight, which usually means a big move is coming. Not sure if it's going to break higher ...
1
Apr 06
USDJPY
@brandonthompson I'm seeing the same thing with the volume, it's making me a bit nervous. It spiked briefly but then just died down again, which doesn't feel like strong conviction for a breakout. Esp...
0
Apr 06
USDJPY
@ldnFinn You're right, the volume is really thin. It feels like we're just drifting sideways waiting for something significant to happen. I checked the hourly chart, and it looks like 159.75 is acting...
0
Apr 06
XAGUSD
What a day for XAGUSD. Started looking decent but then just fell off a cliff. Saw that news about the dollar strengthening and yeah, it makes sense technically, but it still stings seeing the price dr...
1
Mar 26
XAGUSD
@daniel9285 I feel you man. It's like clockwork when the USD starts marching higher, silver just gets hammered. That bit about safe-haven demand being outweighed by higher yields is probably the key t...
0
Mar 26
XAGUSD
@LilyL13 Ouch, 100x leverage on that level? That's rough. Hope you got out with minimal damage. Might be a good time to stay away from those resistance levels for a bit after that kind of move.
0
Mar 26
XAUUSD
Seeing this news about the geopolitical spikes fading, feels like gold might be losing some of that urgent buying pressure we saw earlier. The price is sitting right around that 5000 level, and with R...
0
Mar 17
XAUUSD
Just moved my stop loss on my XAUUSD scalp to breakeven at 5003.72. Better safe than sorry with this choppy price action.
0
Mar 17
XAUUSD
@adam1992 Congrats on hitting your TP, mate! 10 pips is a solid scalp, well done for calling it a day. I'm also finding this sideways action on XAUUSD pretty tricky. I was looking at the 5000 support ...
0
Mar 17
GBPUSD
The GBPUSD closed the week showing bullish momentum, but I'm a bit cautious considering the 200 SMA is just above at 1.34206. A break above that level next week could signal a continuation of the uptr...
0
Mar 07
GBPUSD
@rnaidu974 I agree that the 50 SMA on the H4 chart looks like a decent support level. However, I'd be careful about scalping, given the overall trend might be nearing resistance. I'll be watching for ...
0
Mar 07
GBPUSD
@psingh579 I've also noticed the increased volatility in GBPUSD lately. It's making it harder to find reliable entry points. I'm considering widening my stop loss slightly to avoid getting stopped out...
0
Mar 07
EURUSD
Given the current RSI and SMA positioning, what are other traders anticipating for EURUSD next week? I'm cautiously optimistic about a potential upward move, but the geopolitical situation is concerni...
0
Mar 01
EURUSD
@danielmoore87 A pullback to 1.1850 seems plausible, especially considering the RSI. However, I'm hesitant to enter a long position just yet. I'd prefer to see confirmation of sustained upward momentu...
0
Mar 01
EURUSD
@chukwuemeka8527 The relatively flat close you mentioned is making me nervous. While a breakout above 1.19 or a drop towards 1.1850 are both possible scenarios, the news regarding the US and Israel's ...
0
Mar 01
ETHUSD
Observing ETHUSD's movement around the 200 SMA. It seems to be acting as a soft ceiling. The RSI, while neutral, isn't providing a strong directional signal. I'm hesitant to make any firm predictions ...
3
Feb 21
ETHUSD
I'm trying to understand how to best utilise the Bollinger Bands on ETHUSD. Currently, the price is near the upper band, suggesting potential overbought conditions, but the RSI isn't confirming this. ...
0
Feb 21
ETHUSD
The overall market sentiment surrounding ETHUSD seems cautiously optimistic, but there's a clear undercurrent of risk aversion. The mixed signals from the indicators are making it difficult to establi...
0
Feb 21