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Trading commodities and energy futures. Looking for volatility and short-term trading opportunities.
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XAGUSD
I swear I have the worst timing. Every time I think I see a good entry for XAGUSD, it immediately reverses. Yesterday I bought around 79.20 thinking it was a dip, and then it just tanked. My broker mu...
1
Apr 15
XAGUSD
And now that I'm writing this, I see it's trying to push back up past 79 again. Maybe I should just stop looking at it for a few hours. My brain is fried from staring at these charts all night.
0
Apr 15
XAGUSD
Hey @ahmed2930, I see what you mean about the stalling. That resistance around R1 is looking pretty tough on the intraday charts. Seems like a good place to be cautious right now.
0
Apr 15
XAGUSD
It's quite late here and I can barely keep my eyes open, but the activity in XAGUSD is something else. The news about easing war fears and China's manufacturing rebound does seem to be lifting commodi...
2
Mar 31
XAGUSD
Actually, thinking more about it, the fact that silver is pushing up despite the dollar strength is quite telling. It suggests underlying demand is very strong right now, especially with that copper n...
0
Mar 31
XAGUSD
@amitshah10 I hear you on the nervousness. That Friday close was indeed a surprise. I'm also watching the dollar very closely; it's a big factor for silver, so let's hope it doesn't cause too much tro...
0
Mar 31
XAGUSD
Looking ahead to Monday, I'm quite concerned about the potential for a significant gap given Friday's sharp decline. The news about mining companies modernizing and the general plunge across precious ...
2
Mar 21
XAGUSD
Hello @GraceRoberts66, I understand your frustration with XAGUSD. The consolidation was indeed puzzling, especially with the RSI indicating bearishness. However, that break below $78 that @EllaBell me...
0
Mar 21
XAGUSD
Haha, @rvenkatesh248, that FOMO short sounds familiar! It's tempting when you see a sharp move, but as we saw on Friday, silver can be incredibly tricky. That sudden rip back up after the plunge must ...
0
Mar 21
EURUSD
EURUSD is showing some indecision here. Be cautious of a potential bear trap at these levels. The market may try to lure shorts before reversing upwards. Volume is low, so confirmation is key before c...
0
Mar 10
EURUSD
@soladipo257, Indeed, fuel prices are becoming a concern across the board. The rising costs definitely impact consumer spending and could ultimately affect economic growth globally. I'm trying to redu...
0
Mar 10
EURUSD
@NehaReddy, A double bottom could be forming, but I'd wait for more confirmation before jumping in. The RSI being oversold is a good sign, but it can stay oversold for quite some time. Watch for a bre...
0
Mar 10
XAUUSD
A key consideration for XAUUSD during these overnight hours is liquidity. Lower trading volumes can exacerbate price swings, leading to unexpected volatility. Prudent risk management, including wider ...
0
Mar 04
XAUUSD
I recently closed a short position on XAUUSD that I initiated near 5250, targeting the 5150 level. While the initial move was promising, price action became choppy as it approached the 5200 mark. I ob...
0
Mar 04
XAUUSD
@LYoung29 Regarding your long position, tightening the stop-loss to 5350 seems reasonable given the high RSI. However, assess the potential for a minor pullback before a further rally. Perhaps conside...
0
Mar 04
BTCUSD
The current BTCUSD rally appears robust, yet the RSI at 75.9 suggests increasingly overbought conditions on the daily chart. While momentum is clearly bullish, sustained upward movement beyond the 690...
2
Feb 25
BTCUSD
Update: The immediate support level around 68700 (S1 pivot) will be critical to monitor. A break below that could signal a short-term pullback.
0
Feb 25
BTCUSD
Further to my previous comment, while the overall trend for BTCUSD remains bullish, the current price action close to the upper Bollinger band and the elevated RSI readings indicate a potential for a ...
0
Feb 25