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USOIL Trending Down to $71.42
USOIL has been trading between the yellow trendlines near the midrange of this channel. USOIL is currently bearish and trending down to the $71.42 support level. I think we can see a bullish rebound around $71.42, and there is resistance on the way up around $82.68. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreGDX Bullish Breakout and Seasonality Trend
I posted about GDX many months ago, I have been patiently waiting for a bullish breakout above the yellow trendline. Looks like we are seeing a bullish breakout, and I have the red resistance zone as a key target between $39.68 and $41.33. I would monitor that zone for resistance on the way up. GDX’s […]Read More
JBLU Nosediving to All Time Lows
JBLU appeared on my bearish scanner for next week. There was a recent rejection at the $7 price level, and JBLU has been trending down towards all time lows around $3.41. With a bearish seasonality trend JBLU is likely to continue dropping to these all time lows for a potential buy opportunity there. Follow me […]Read More
XOM Likely to Perform Well in 2025
The price of oil has been artificially influenced by OPEC+ countries that are limiting the supply of their oil reserves. I believe that they want to sell their oil at higher prices in the future. XOM is one of the best oil stocks, but I think the current price is too pricy near all time […]Read More
Protecting Your Portfolio: How Middle East Tensions Could Drive Gold And Oil Prices
The escalating tensions in the Middle East, notably between Israel and Iran, have led to a notable ripple effect in the financial markets, particularly within the commodities sector. The prevailing sentiment hints at a low probability of a major conflict, nevertheless, if such an event were to happen, we should keep in mind that a […]Read More
The Yen Carry Trade: A Global Margin Call
Emergency rate cuts will exacerbate the Yen carry trade. Be careful what you wish for. And BOJ’s announcement that they will not raise rates in this market instability is a sign of panic. It is not bullish at all.
Read MoreUranium Strong Rejection at $32.61
Uranium has been trending down after a strong rejection at the red resistance line around $32.61. There has been two months of downside, and URA could continue to trend down over the next few weeks and months. I have $18.41 to $20.22 as a buy zone for buying URA. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreGold’s Bullish July Monthly Candle Close
Gold formed a strong move up throughout the month of July, and had a bullish monthly candle close yesterday. There was three weeks of neutral price action, but gold is starting to trend up. I have $2,567.50 as my next key resistance target for Gold. Usually gold moves very slowly so it may take some […]Read More
USOIL Remains Neutral Despite Recent Spike
USOIL formed a bearish monthly candle close, and has traded sideways for the past 3 months. There was a recent spike in oil prices caused by the geopolitical tensions in the Middle East. Tensions are likely to escalate from here, and oil is likely to rebound. For now USOIL recently pumped and dumped. There could […]Read More
JBLU Nosediving to All Time Lows
JBLU appeared on my bearish scanner for next week. There was a recent rejection at the $7 price level, and JBLU has been trending down towards all time lows around $3.41. With a bearish seasonality trend JBLU is likely to continue dropping to these all time lows for a potential buy opportunity there. Follow me […]Read More
The Yen Carry Trade: A Global Margin Call
Emergency rate cuts will exacerbate the Yen carry trade. Be careful what you wish for. And BOJ’s announcement that they will not raise rates in this market instability is a sign of panic. It is not bullish at all.
Read More
Ethereum Likely to Rally to $3.7K
Ethereum has started to form a bullish rebound, and could rally to the red trendline around $3.7K. Investors are waiting for Grayscale ETF holders to stop selling so that Ethereum can see some upside. We saw a similar trend for Grayscale’s Bitcoin ETF, and I think this pattern will continue if there are more crypto […]Read More