Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:3.9600Pivot:3.6885Support:3.5545Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.Alternative Scenario:Price may […]
Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:1535.00Pivot:1492.25Support:1457.75Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is.Alternative Scenario:Price may head […]
EURO FX Futures ( 6E1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 1.07670Pivot: 1.05085Support: 1.03315Preferred Case:Looking at the H4 chart, my overall bias for 6E1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down to break the pivot at 1.05085 where the previous […]
Palladium Futures ( PA1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:1835.0Pivot:1744.0Support:1656.5 Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the pivot at 1744.0, where the 50% Fibonacci line is, before heading towards the […]
S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:4049.00Pivot:3914.00Support:3757.50Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is.Alternative Scenario:Price could head […]
USD/CAD Bearish Engulf Resisted by Stronger USD
USD/CAD ANLAYSIS Uncertainty around China and U.S. policy lingers. U.S. labor and Canadian balance of trade dominates headlines today. Will the bearish engulf unfold to further CAD strength? Recommended by Warren Venketas Get Your Free Top Trading Opportunities Forecast USD/CAD FUNDAMENTAL BACKDROP The Canadian dollar reacted favorably to Chinese economic optimism giving the commodity currency […]