Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
Silver Outlook Is 'Excellent' - 23rd July 19
Why The Coming Silver Rally Might Be The Greatest - 23rd July 19
We Are in for Decades of Ultra-Loose Monetary Policy - 23rd July 19
Gold & Gold GDX Stocks Ripping. What’s Next? - 23rd July 19
Stock Market Breadth Warning Signs for the Stock Market’s Rally? - 23rd July 19
U.S. Recession Watch: The Six-Cycle Forecast - 23rd July 19
US Dollar Index tightly wound between: US Bond Yields down on safety flows - 23rd July 19
Stocks Bull or Bear? The Market’s Message - 23rd July 19
This Dividend Aristocrat Is Leading the 5G Revolution - 22nd July 19
What the World Doesn’t Need Now is Lower Interest Rates - 22nd July 19
My Biggest 'Fear' For Silver - 22nd July 19
Reasons to Buy Pre-Owned Luxury Car from a Certified Dealer - 22nd July 19
Stock Market Increasing Technical Weakness - 22nd July 19
What Could The Next Gold Rally Look Like? - 22nd July 19
Stock Markets Setting Up For A Volatility Explosion – Are You Ready? - 22nd July 19
Anatomy of an Impulse Move in Gold and Silver Precious Metals - 22nd July 19
What you Really need to Know about the Stock Market - 22nd July 19
Has Next UK Financial Crisis Just Started? Bank Accounts Being Frozen - 21st July 19
Silver to Continue Lagging Gold, Will Struggle to Overcome $17 - 21st July 19
What’s With all the Weird Weather?  - 21st July 19
Halifax Stopping Customers Withdrawing Funds Online - UK Brexit Banking Crisis Starting? - 21st July 19
US House Prices Trend Forecast 2019 to 2021 - 20th July 19
MICROSOFT Cortana, Azure AI Platform Machine Intelligence Stock Investing Video - 20th July 19
Africa Rising – Population Explosion, Geopolitical and Economic Consquences - 20th July 19
Gold Mining Stocks Q2’19 Results Analysis - 20th July 19
This Is Your Last Chance to Dump Netflix Stock - 19th July 19
Gold and US Stock Mid Term Election and Decade Cycles - 19th July 19
Precious Metals Big Picture, as Silver Gets on its Horse - 19th July 19
This Technology Everyone Laughed Off Is Quietly Changing the World - 19th July 19
Green Tech Stocks To Watch - 19th July 19
Double Top In Transportation and Metals Breakout Are Key Stock Market Topping Signals - 18th July 19
AI Machine Learning PC Custom Build Specs for £2,500 - Scan Computers 3SX - 18th July 19
The Best “Pick-and-Shovel” Play for the Online Grocery Boom - 18th July 19
Is the Stock Market Rally Floating on Thin Air? - 18th July 19
Biotech Stocks With Near Term Catalysts - 18th July 19
SPX Consolidating, GBP and CAD Could be in Focus - 18th July 19

Market Oracle FREE Newsletter

Top AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

A Look At Commodities and Financial Markets Trading Week Ahead

Stock-Markets / Financial Markets 2016 Aug 15, 2016 - 11:19 AM GMT

By: Submissions

Stock-Markets

Symmetry Trader writes: Crude Oil (CLU6) - Our primary trading instrument turned up in a correctional fashion this week.

We look for it to be up for the next couple of weeks. Look for buys at 42.50 and resistance at 47 area


ES is at a 1.272 (fibonacci) resistance area. We could see it pulling back to the 2100 area.

It is in the middle of nothing, not a buy nor a sell at this level. We think it is a buy at 2100 and a sell at 2254-2290

Silver is at a pullback area. Monthly support is around the 18 area and weekly support around 18.800

Look for a support/buy area next week on SI at the 19350-19400 area for a bounce

Look to sell the 6E at the 1.1252 area as long as that downtrendline holds. We are looking for lower to the 1.0804 area

Most interesting chart of the week: DEC2016 Corn. Might spit down to the 3.20 area and then up or it could just go from this area.

The daily is making an abcde triangle and this formation could very well break upward. Corn is well below production b/e (even though

they say there is a glut of corn, but we think it is more strong-dollar related). Anyway, we are looking for a 30 cent move to the 3.60-3.65 area

We have owned corn as we have predicted the bottoms and tops for the last 4 years.

We predicted this years high earlier at 4.45-4.50 and see the low in corn at 3.20-3.30

The dollar has been in an abc formation for the past few two years trading in a range between 92.40 and 101.50, roughly a 9 point range

Look for dollar longs at 9475, but 99.50 should contain any rallies

 

New crop December cotton looks to have hit a possible high at 77.98.  We would be looking to hedge this years crop anywhere above 74.00

This sterling chart looks like the big money is really trying to punish Great Britain for leaving the euro. Sell all rallies, this looks down to at least 1.1953 area

Trade Room free open house 8/15/16-8/19/16 :: Email or complete form to join us (type "OPEN HOUSE" in email subject line or in Question/Comment section of our form).

THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CAN BE SUBSTANTIAL AND MAY NOT BE SUITABLE FOR ALL INVESTORS. There is always a risk of loss. Prior to utilizing a trading system, investors need to carefully consider whether such trading is suitable for them in light of their own specific financial condition. Past performance is not necessarily indicative of future results.

© 2016 Copyright Symmetry Trader - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules