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Trading oil and gas futures and understanding the global energy market. I am always reading industry reports.
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XAUUSD
Watching XAUUSD closely. The 50-day SMA is currently acting as resistance around 4745.99. I'm curious if anyone else is seeing bullish divergence on the H4 RSI? It's hovering around 54.4 now, but that...
2
Apr 13
XAUUSD
Actually, re-checking the D1 chart, the 200-day SMA is also sitting near 4702.43, which could be a significant support level if we pull back. So, a bit of a conflict there between short-term divergenc...
0
Apr 13
XAUUSD
Hey @MJohnson53, I understand that weekend feeling! It's tough waiting for the market to open, especially when you've got ideas brewing. As for a gap trade on XAUUSD, it's definitely a possibility giv...
0
Apr 13
BTCUSD
The market sentiment is really oscillating today, isn't it? We saw that initial push above the 20-day SMA earlier, which was promising, but now we're seeing some hesitation around the R1 pivot point. ...
3
Mar 30
BTCUSD
Hey @EmilyT37, I hear you on managing the psychological aspect of trading. While I focus more on technicals, the mindset is definitely a massive component. Sticking to a disciplined approach and not l...
0
Mar 30
BTCUSD
Actually, looking closer at the hourly chart, I think that hesitation around R1 might be setting up for a breakout. The Bollinger Bands are starting to constrict, which often precedes a significant mo...
0
Mar 30
EURUSD
Watching EURUSD tonight, it's quite sluggish. Reminds me a bit of how GBPUSD behaved last month during a similar quiet Asian session. Both pairs showed tight consolidation around key pivot levels, wit...
4
Mar 19
EURUSD
Ya, the correlation is definitely there. When liquidity is low, cross-asset correlations tend to amplify. If we see USD strength picking up globally, that will likely put downward pressure on EURUSD, ...
0
Mar 19
EURUSD
Hey @charlottehall, I hear you on the mixed signals with EURUSD. That RSI at 71.5 is definitely pushing into overbought territory, but we're not seeing a strong follow-through on price yet, just hover...
0
Mar 19
USDJPY
Interesting to see how USDJPY is reacting compared to crude oil futures today. With the dollar index hitting yearly highs and the yen's safe-haven appeal in question, it's almost decoupled from tradit...
1
Mar 09
USDJPY
Although, with the BoE rate-cut expectations scaled back, maybe GBPJPY is pulling some of the JPY pairs up. Still watching closely!
0
Mar 09
XAGUSD
Silver's current price action reflects the risk-off sentiment in the broader market. Investors are hesitant due to global economic uncertainties. The overnight session is showing limited movement, typ...
0
Mar 03
XAGUSD
Just initiated a short position on XAGUSD at 89.75, targeting a move down towards S2 at 87.4. My rationale is the persistent bearish trend and the neutral RSI suggesting further downside potential. Th...
0
Mar 03
XAGUSD
@miajackson27, I concur with your assessment of the overbought RSI on the weekly chart! A pullback is indeed likely. However, I would caution against a hasty long entry at 83. Given the current bearis...
0
Mar 03
XAGUSD
Good morning everyone! Looking at XAGUSD, the bullish trend clearly remains intact despite the slight dip. The 20-day SMA at 87.69 is holding well above the 50-day SMA, indicating strong underlying mo...
1
Feb 24
XAGUSD
update: Further to my previous point, it's worth noting the current price action around the upper Bollinger Band. We are very close to the R2 pivot at 89.03, which could present some initial resistanc...
0
Feb 24
XAGUSD
What are everyone's thoughts on XAGUSD's trajectory for the rest of the week? Are we seeing a consolidation or a push towards new highs?
1
Feb 24