#qqq Nasdaq structure something to keep a close eye on. Starting to challenge 50 period support. Momentum flow is long, down here they could need to adjust there positioning as it favours a short if its stays here. As always we need a break of 28500 down or 30400 upwards
#leanhogs has nice structure. 20 period resistance broke, now challenging 50 period resistance at 102. Long/short shows momentum flow short, at these levels they have to buy and get long. Tightness shows a price squeeze. Lets look for a break
@traderchicago7 My system focus on structure, for them to turn long I believe we need to see levels break. Best if levels break before they can position, then we have a reversal π though I dont agree we official positioning, just like to focus on what I believe will shift price
#Oil seeing nice structure on the 4 hour.
50 period resistance at 98. 20 period Support at 93, 50 period support at 91. Should see a decent move soon, with our tigthness indicator getting low - price squeeze ready for a breakout
#Oil seeing nice structure on the 4 hour.
50 period resistance at 98. 20 period Support at 93, 50 period support at 91. Should see a decent move soon, with our tigthness indicator getting low - price squeeze ready for a breakout
@traderchicago7 What we always say, price discovery has become long squeeze to short squeeze cycles, with fundamental moves coming very close to contract expiry - forced exit and now way to work the type. Agree this does not seem like natural price discovery
#Soybeans our structured approach identified the levels, when the 50 period breaks we sit up. Seems like a strong break with funds going from Long to Short. 100 Period support at $10.66 looks like a good target
#oatt
#Corn our system also identifies levels where Funds will enagage. Blue is max long, pink max short. Also notice how this ties into our long/short indicator, which has a close resemblance to actual fund postioning. Currently we are below max short, and funds begin long will short until they get enough liquidity to counter them
#Brent found support exactly on our 50 period level. 20 period resistance(red) coming down quickly, should sit around $100 soon. From there the next move, either above $100 or below $91
#oil#IranWarβ
Brent Oil look set to challenging 50 period support at $91. Important structural support, if this breaks we go much lower, if it hold range still valid with resistance at $110
#oil#Iran
Brent Oil look set to challenging 50 period support at $91. Important structural support, if this breaks we go much lower, if it hold range still valid with resistance at $110
#oil#Iran