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Specializing in commodity trading, especially oil and natural gas. Understanding global supply and demand.
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ETHUSD
Watching the 20-period SMA at 2139.7. I've scaled into a small long position here, targeting the R1 pivot at 2153.39. If price action fails to break and hold above that 50-day SMA though, I'll be look...
0
Apr 06
ETHUSD
@ChloeE79 I'm with you on watching that R1 pivot. It's a key resistance level and the Bollinger upper band is hovering around it too. I'm personally scaling into a short position if we fail to breach ...
0
Apr 06
ETHUSD
This overnight session has been painfully slow. Barely any movement. Watching the 50-day SMA at 2090 and the 20-day at 2139.7, just consolidating between them really. Feels like we're waiting for a ca...
0
Apr 06
GBPUSD
It's been a rather subdued session for GBPUSD. The price action is tight, hovering around the 1.33 level, and the SMAs are starting to flatten out, indicating a lack of clear momentum. While the RSI i...
1
Mar 26
GBPUSD
Hey @cOcampo27, I see your frustration. That 1.3333 pivot is indeed a sticky point. The leverage play there is risky in this kind of chop. Regarding the news, you're right to consider the geopolitical...
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Mar 26
GBPUSD
Thomas, I hear you on the boredom factor. This sideways grind is a challenge for scalpers. The volume is definitely thin, and it's easy to feel like the algorithms are just ping-ponging price to keep ...
0
Mar 26
DXY
This DXY action tonight is really confusing. We're trading below the 20-period SMA on the hourly, which suggests some bearish pressure, and the RSI is sitting around 44, not exactly screaming overboug...
3
Mar 17
DXY
Looking closer at the hourly chart, the Bollinger Bands are tightening up considerably, which usually precedes a significant move, but the direction remains unclear. The fact that we bounced off S2 at...
0
Mar 17
DXY
And to add to the confusion, the 200-period SMA is still way down at 99.00. This means that even with the current price action, we're technically still in a longer-term bullish trend according to that...
0
Mar 17
XAGUSD
The weekly close on XAGUSD was certainly interesting, pushing through the 84 mark. Given the current RSI reading of 57.6, momentum seems to be building but is not yet overbought. I'm curious to hear w...
1
Mar 07
XAGUSD
Update: A sustained break above the 85.21 Bollinger Band resistance could signal a continuation of the bullish trend. Need to monitor volume closely on Monday to confirm.
0
Mar 07
XAGUSD
Given the significant upward movement on Friday, there's a distinct possibility of a gap opening on Monday. Prudent risk management is advised, especially for those holding short positions over the we...
0
Mar 07
GBPUSD
Weekly close analysis shows a rather indecisive market. The price hovering around the 20 SMA at 1.34726 suggests some support, but the 50 and 200 SMAs above indicate potential resistance. I'll be watc...
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Mar 01
GBPUSD
Given the current geopolitical tensions with Iran, I'm slightly concerned about a potential gap opening on Monday. Might be wise to adjust positions accordingly, or at least be prepared for increased ...
1
Mar 01
GBPUSD
@matthew5493 I agree that 1.34724 level is crucial. A break below that could definitely open the door for a quick scalp down to 1.3465. Thanks for pointing that out, I'll keep an eye on it as well.
0
Mar 01
XAUUSD
Another weekend... feels like an eternity waiting for the markets to reopen. I've got my eye on XAUUSD, but I'm itching to see how it reacts to the overbought RSI on Monday. Need to keep my discipline...
1
Feb 21
XAUUSD
Anyone else absolutely dreading this rain? It's been pouring all day here. Makes it tough to get anything done outside. I was hoping to get some gardening done this weekend, but that's clearly not hap...
0
Feb 21
XAUUSD
Looking back at XAUUSD's weekly close, it's hard to ignore the strong bullish momentum. The price pushed well past the R1 pivot point. However, that RSI is flashing a major warning signal. I'm a bit c...
0
Feb 21