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Commodities 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
SLV Attempting to Flip $27.31 Into Support
SLV has rallied above the first $27.31 price target, peaking around $29.46. SLV is now retesting the $27.31 in an attempt to flip this price level into support. The next key price target is $33.77 if SLV successfully rebounds and continues to trend up higher. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreGOLD Stalling, But Likely to Rally Above $3,000
GOLD has been stalling around $2,300 price levels, but is likely to start trending up soon. I have these key Fibonacci levels to monitor on the way up with the first key price target around $2,528. The second key target takes GOLD above $3,000 with a price target around $3,090. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreGOLD Reaches New All Time Highs
The Gold market has been boring for quite some time. There has been neutral price action within a range between $2,300 and $2,400. However, GOLD is starting to form a bullish breakout from this range, and is rallying to new all time highs. I have $2,567.50 as my first key resistance target on the way […]Read More
SLV Breaks Above $27.31
SLV is lagging behind GOLD, but is forming a bullish breakout above the first key resistance target at $27.31. I have $33.77 my next key price target whenever SLV starts to rally. We are seeing a lot of green but little upside. Follow me on social media: https://linktr.ee/realchartchamp
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My Greedy Price Target for SUI
SUI has been one of the top performing cryptos over the past few months. I think there’s a lot of hype around SUI this cycle, and that SUI is likely to continue performing well in 2025. I am eyeing buy opportunities below $3 for SUI around $2.90 or lower, and I have $2.42 as a […]Read More
ETH Due for a Big Move Soon
ETH has been trading in this range since May 2021, and the gap is starting to get smaller over time. I have support at $2,500 and resistance at $3,900. The price is currently closer to resistance, and I think ETH is likely to experience some downside in December for one last buy opportunity before a […]Read More
ADA Trading in a Resistance Zone
ADA has been a really impressive comeback story over the past few weeks. Cardano looked dead, and suddenly came back to life after news that Cardano’s founder will work with the Trump administration to create more pro-crypto regulations. This news has led to a bullish rally over the past few weeks, and ADA is now […]Read More