Community Message Board
Join our message board, where individuals can freely share thoughts and engage in discussions on a wide range of financial topics. It serves as the perfect platform for connecting with others that share a similar interest, fostering an environment where everyone, regardless of their unique financial journey, can contribute ideas and learn from eachother.
USO Approaching Resistance
$USO has rallied over the past few weeks, but has run into resistance at $83.19. I also have a higher resistance level at $92.53 if USO continues its bullish momentum into resistance. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreUSOIL Selloff Above the Light Blue Channel
There was an attempted bullish breakout above the light blue channel, but this breakout failed and reentered the channel. The price is now approaching the lows of the channel near support around $76-77. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSLV Struggling to Rebound After Rejection at $27.31
SLV had a strong rejection at the first price target, the green trendline at $27.31. SLV had numerous failed attempts to rebound, and continues to trade lower. The red trendline is a key price target of interest around $23.31. The red trendline has been a long-term resistance level dating back to March of 2011. SLV […]Read More
GOLD Trying to Find Support in the Green Zone
GOLD had a strong selloff around April 11, and has been slightly bearish and neutral over the past few weeks. GOLD is trying to find support within the green zone between $2,277.73 and $2,295.02. If this support zone holds GOLD can trend up towards the red trendline around $2,567.50. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreCommodities Update After April Inflation Data
USOIL has has shown a lot of weakness since peaking on April 1. This week USOIL has lost support at the lower end of the light blue channel. There should be concerns for continued decline to low $70 price levels. GOLD Finds Support at the Green Zone GOLD has rebounded off the green zone, and […]Read More
Copper Market Frenzy Causing a Short Squeeze Among Traders
In recent weeks, the copper market has experienced unprecedented activity, with copper futures in New York rallying to record highs. This surge, driven by a short squeeze, has caused a stir in commodities trading, prompting traders to divert metal to U.S. shores. A short squeeze happens when traders who have bet against a particular asset […]Read More
GDX’s Bullish Breakout
GDX has been performing very well after a successful bullish breakout from the yellow trendline. I have been in GDX for quite some time now, and have waited months for this breakout. I have the red trendlines as key resistance targets ahead. I’m bullish on GOLD in 2024, I think GOLD will reach $3,000 and […]Read More
Surprising Slowdown in the U.S. Gasoline Market
As the summer driving season unfolds across the U.S., the gasoline market, usually a bustling hub of activity, is experiencing an unexpected slowdown. Traditionally, this time of year sees a surge in road trips, vacations, and heightened gasoline demand, which in essence drives prices upwards. However, this summer paints a different picture, one that has […]Read More
USOIL Rebounding Near the Midrange
USOIL has dropped below the light blue rising channel, and has been in a downtrend. There is a short-term rebound forming in the midrange between the green and red trendlines. Although USOIL is rebounding here, I think there is no clear direction for now. USOIL could continue to trend down towards the green trendline, and […]Read More
SEND Token Launch Dec. 12
SEND token launch on 12/12, SEND is using an innovative Mdrop formula for airdrops that penalizes early sellers. So they are incentivized to hold for at least 3 months. I think the key challenge will be buying early. There’s a ton of groups receiving airdrops for holding memecoins, NFTs, and collecting points on Suilend. This […]Read More
RUM Announces Strategic Bitcoin Reserve
RUM has made a huge announcement this week that they will purchase Bitcoin using strategic reserves. This includes up to $20 million worth of Bitcoin, which is following the same model implemented by Michael Saylor. I think MSTR and companies like RUM could really help to create a massive bubble where stocks and crypto keep […]Read More
SOL Rejected at All Time Highs
SOL has hit resistance at all time highs around $259.45, and I think there is likely to be some downside with $201.67 and $179 as my key levels to monitor on the way down. SOL has formed a bullish breakout above the yellow bull flag with some nice bullish volume. There’s likely to be a […]Read More