Gold news: ?Gold prices remain in a bullish consolidation phase just below record highs early Monday. A rebound in US Treasury yields counterbalances the decline in the US dollar, keeping gold within a familiar trading range. ?However, the downside for gold is cushioned by broad weakness in the US dollar, driven by the euro’s rally following the German election results. ?The precious metal may also find support from growing expectations that the US Federal Reserve (Fed) will implement two interest rate cuts this year. This sentiment was reinforced by the US Composite Flash PMI Output Index, which dropped from 52.7 in January to 50.4, marking a 17-month low. The decline has fueled concerns about the US economic outlook amid trade policy uncertainties and potential inflationary risks. ?Looking ahead, investors will focus on the upcoming US-Russia meeting, potential new tariff threats from President Trump, and key US economic data releases this week for fresh direction in gold prices. Personal opinion: ?Gold will maintain the uptrend to retest the old ATH zone of 2955. Then there will be a new ATH level at 2970. Technical analysis: ?Based on support - resistance levels and important Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: ? Price Zone Setup: ?Buy Gold 2919 – 2921 ❌SL: 2914 | ✅TP: 2925– 2931 – 2945 ?Buy Gold 2932 – 2929(European session) ❌SL: 2924 | ✅TP: 2937– 2945 – 2954 ?Sell Gold 2969 – 2971 ❌SL: 2976| ✅TP: 2965– 2960 – 2950 FM wishes you a successful trading day ???
Hello Traders Today I am Looking at GU for potential short positions. Swing structure remains Bearish for me and Internal structure is still Bullish. Price is trading within Premium levels and has tapped into my HTF POI, I am now looking for MSS on internal structure to align with HTF trend. I wouldn't be interested on BUY's on LTF for now until the HTF-POI has failed to hold price.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
Holy crap.... I just came across an old chart and literally in the nick of timeI tell you. All I'm going to say is... I'm a pattern chart trader and this is the COVID bar pattern attached to our daily from like a year ago almost and I loaded up an old layout to do work and boom... here we are... Good LUCK ... Not sure what the trigger will be but we are here.
Another double-digit gain (13.5%) for the NG market this week. Strong heating demand, record LNG production and production declines have led to a two year high for NG pricing. But that was last week, and this week brings a new set of completely different fundamentals. Production began recovering form freeze offs close to 6 BCF/d yesterday. The has not been any lasting concerns with additional OFOs (operational flow orders) issued for the upcoming week, meaning production should return to pre-freeze off levels to 103-105 BCF/d. US NG production was metered 100.2 Bcf/d Friday vs. 99.9 Bcf/d Thursday, according to Wood Mackenzie. Estimated gas production for today is approaching 103 BCF/d while demand is falling back. Domestic gas demand was set to plummet more than 10.0 Bcf/d to 123.5 Bcf/d this past weekend, the firm’s data showed. This weekends set up has been a good opportunity for shorting this current market, due to rapid price appreciation over the last two weeks. If this was the middle of January, it would be a different situation, but due to being five weeks away from the net withdrawal period of the demand season, this presents a whole new set of opportunities and issues to be watchful for. The cold spell and “Polar Vortex” have faded and market exhaustion is emerging. The 4400 level has acted as resistance. With the April contract becoming the front month contract in a few days, the seasonal fundamental will become more relevant. The European NG marker, the TTF, is down 20%, since the middle of the month. This is reminiscent of the double top of the market in 2022, when the TTF spiked and the HH benchmark double toped for yearly highs, only to drop after. History does not repeat, but it does rhyme! So, my belief is that we will see a pattern emerge, considering past behavior and adding in the short-term weather models, to line up for another tremendous entry point for longs. In the meantime, while the market panics over the impending warm up, we will use the power of meteorology and the new market structure, to short the market the next 7 days then prepare for another period of price appreciation. This coming weekend just might be one of those weekends where I sit out taking a position. I will need the models to begin to verify the coming cold for the end of March and beginning of April in the printed HDD data. But since the big boys cannot see it either, I am using the meteorology to beat them to the punch. This week I will be posting updates to the model runs for you to know what I am seeing. The market opened just above the 4000 level today and my belief is it should settle down at the 3900 level by market open in NY Monday morning. The night time model runs will be important, being the first model run of the trading week. The weeks temperatures look inline with the Phase 8 of the MJO, and we expect the MJO to continue into its reset with Phase one by next weekend and 2,3, and so on. The market is expecting its normal spring time warming and demand to back down. This week’s storage report is expected to be plus 270 BCF, which will put deficits above 230 BCF vs the 5-year average. So, there can be some expected volatility in the daily moves this week, with the models providing the input for daily swings and the general warming trend to provide market direction. I will be looking at the April contract’s 61.8% level, 3640, from its current swing low/high, to reenter a long position (which will be the current traded contract on Wednesday). I will trade the intraday volatility, after the models print and the report day print. There should be some good trading in a downward channel for the next ten days or so, intraday. As for my belief on the fundamental reasons for the price to rebound the back half of March and early April….. LNG production! This week Federal regulators have approved Plaquemines (Plaqs) export facility to produce more LNG. The facility this week hit a peak at 1.7 BCF/d in production, with an estimated capacity of 2.0 BCF/d. The company is almost complete with commissioning its nine trains, out of eight completed. It is expected to have the ninth train completed very soon to bring production up to the 1.9 BCF/d. The company has been granted approval to increase production up to 3.6 BCF/d. Venture Global (the parent company of Plaqs) is not expanding the plant to achieve the production increase. Instead, it plans to rely on train efficiencies to boost output. So, this is not going to need or have any construction delays, just an increase in efficiency. Corpus Christi has shipped out its first cargo this week and is in the process of commissioning three additional trains at the facility. It has one that is producing now and with the other two to come online add an additional 1 BCF/d. The repairs at Freeport seemed to have stabilized production and production has been at its most consistent since operation began. We expect that LNG export to end 2025 somewhere in the 17.5 BCF/d. Export has been averaging 15 BCF/d over the last twelve months, an increase of 15% by mid-April. So forward demand for the year looks promising! Additional demand for electricity…. The Edison Electric Institute reported a 10.9% increase in U.S. electricity output for the week ending February 15, highlighting strong utility-driven demand. With only 99 active natural gas drilling rigs in operation, a meaningful increase in production appears unlikely in the short term. NG power burn is now more than 17% higher than 5 years ago, and this is not including the multitude of AI facilities in active production and to go online this year. Additional demand for a late start to spring…. I will not bore you again this post about the upcoming SSW event that is currently beginning up in the stratosphere. For clarification, please see my pervious idea form Monday 2/17/25. We should expect a late spring and the heating demand should continue into early-mid April. With a colder than average early spring. Decreased storage… Again, see last week’s idea about where supply is heading. I showed how storage levels are correlated to price. The lower the storage levels the higher the price. Keep it Burning!
"First plan, short entry with the target of the liquidity area in H1, then the next step from the supply area is a long entry up to the buy-sell liquidity."
Lovely Design, pleasing to the eye... showing MY INTERPRETATION of the Chart as it's about to trap many people. "MOST WILL BE BANKING FOR AN UP MOVE... it's natural!!! " a 50% Return is truly expected: $3.40÷(2) = $1.70 MOST WILL BUY IN THAT AREA... FALL ASLEEP and be RUG-PULLED. THERES A HUGE HEAD AND SHOULDERS PATTERN ON THE THREE MONTH CHART!!! Yeah, how many people look at a 3 month chart? I do! Do the OPPOSITE of what others are doing TAKES COURAGE and CONVICTION. Buying in at: $1.18 Selling at: $2.09 Buying again at 0.8466 FOR MASSIVE GAINS!!! The WizardOfRealms13
Recently shorted #notcoin and exited before the demand came in. Now that I see that it got rejected so strongly from the supply dump I think its gonna break back structure bearish on the 1hr and retest prior weekly - daily support area
? Dive into a detailed technical analysis of WTI Oil as we explore monthly, weekly, and 4-hour levels, liquidity zones, and potential trading setups. Not financial advice.
(BTC/USD) 4-hour analysis on the Bitstamp exchange, incorporating various technical indicators and projections: • Support & Demand Zones: • A red zone around 93,278 - 95,202, indicating strong support. • A yellow zone around 98,610, suggesting intermediate resistance. • A blue zone at 105,705, marking a major resistance level. • Black Dots: Represent key swing highs, acting as resistance levels. • Blue Dots: Represent swing lows, indicating potential support. Price Projection & Analysis: • The chart suggests a bullish structure, with price expected to bounce from the support zone (95,293 - 95,322) and move upwards. • If the price breaks the 98,610 resistance, further upside towards 102,057 and potentially 105,705 is expected. • If the support at 95,202 fails, the price may decline towards 93,278 - 92,000.