Crude Oil Futures ( CL1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:81.06Pivot:73.40Support:74.33Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 81.06, where the previous highs are. Alternative Scenario:Price may head back […]
Gold spot prises are on the rise as US inflation remains high
How many times have you read or heard that gold is a safe haven for investors and traders? Numerous is probably the answer. High inflation figures recorded in most major economies seem to have boosted gold spot prices as demand has increased. Gold spot prices hovered around $1,884 per ounce on January 12th. Gold […]
Bitcoin is on the Rise
Bitcoin has jumped above the level of 17000, signifying a potential rise. Since Bitcoin is volatile now, it is likely to undergo correction and gain the required support at the level of 16700 next to the local uptrend. The asset might potentially jump at the crossing point of this level and the local uptrend. So, […]
Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:2699Pivot:2570Support:2470Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is. Alternative Scenario:Price […]
Gold’s Rapid Rise Meets Resistance, Silver Cools
Gold and Silver Technical Analysis Data-Induced Market Repricing sets USD on a Lower Path (Buoys Gold) Silver price action hints at bullish fatigue as long upper wicks emerge Gold’s recent advance was comparatively more aggressive – nearing overbought territory The analysis in this article makes use of chart patterns and key support and resistance levels. […]
Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:2671Pivot:2570Support:2470Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2671, where the previous swing high is.Alternative Scenario:Price may […]