#oil#crudeoil#wti
Here we are…
Two weeks ago, I called the bottom in oil and identified several bullish targets.
Since then, firsts targets have been hit.
Future market made my 2nd target…
Spot market should reach it sooner.
#coffee
Commodity charts are also driven by the same laws.
It’s possible to interpret the language of candlesticks in order to anticipate the market’s future direction.
However it requires taking into account seasonality, an understanding of fundamental & geopolitical context
#soybeans#commodities
Price came back into the 50% level of the monthly BISI and was rejected to the upside. I would have preferred a candle close outside, but this is still acceptable.
It’s possible that the PML will be taken before price resumes its move to the upside.
#soybeans#commodities
Price came back into the 50% level of the monthly BISI and was rejected to the upside. I would have preferred a candle close outside, but this is still acceptable.
It’s possible that the PML will be taken before price resumes its move to the upside.
1/ Rice prices are rising.
Not just a market move.
For a large part of the world, rice is not a commodity.
It is the foundation of daily nutrition.
A pillar of survival.
When prices rise, It’s households adjusting their meals.
This is where markets stop being abstract.
2/ The same applies to oil.
When it rises, it’s not just charts reacting.
Entire economies slow down, transport costs surge, and inflation spreads through the system.
Two markets. Two assets. One reality:
they don’t live inside finance.
They run through it.
#oil#crudeoil#wti
[ CLN2026 : July contract ]
I am waiting for price to retrace into the suspension block (blue square)
before looking for bullish continuation.
#oil#crudeoil#wti
I’m not going to hide it from you:
this is concerning.
Rising oil means broad-based inflation… which will end up impacting your daily life.
I hope I’m wrong…
but everything is pointing the other way.
#commodities#ict
That’s exactly why I launched a second Twitter account focused on commodities.
A structured approach, built on ICT concepts.
Framing markets through an ICT-based lens.
And I haven’t seen anyone doing that.
@ForecastingGang