Trading Market Cycles

everything financial markets

[Trading Market Cycles @tmcycles]

@WOLF_Financial World peace

[Trading Market Cycles @tmcycles]

@TheApeOfGoldST https://t.co/Up2Bx0hwnU 😎

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

@investingLive_ https://t.co/Up2Bx0hwnU 😎

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

@FirstSquawk https://t.co/Up2Bx0hwnU 😎

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

@AshCrypto https://t.co/Up2Bx0hwnU 😎

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

@DarioCpx https://t.co/Up2Bx0hwnU 😎

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

@BullTheoryio https://t.co/Up2Bx0hwnU 😎

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

#wti #crude #oil

[Trading Market Cycles @tmcycles]

WTI crude found some temporary support around its 200 day EMA but now looks to break below it for the first time in recent months.

Now trading near $79.

The breakout retest comes around $65, gap fill around there also.

You were warned!

[Trading Market Cycles @tmcycles]

WTI turning back down and has now closed last nights gap. Smells like a bull trap. Still no deal, Iran and Isreal exchanged attacks earlier today.. and yet oil still struggles.

There will be much better opportunities to long oil in the future. I believe crude has a date with minimum $70 first.

Say goodbye to any expected hikes. Trump has always been desperate for cuts. There’s much more chance of a cut before year end imo. He knows how to control a market.

Midterms, stock market cannot pop before then!!

[Trading Market Cycles @tmcycles]

WTI crude makes another lower low and is currently down -4.8% as the war trade continues to unwind.

A deal in the Middle East always held the key to the next macro cycle and a deal was always closer than most thought.

Should see a bounce here around its 200 day EMA, potentially close last nights gap.

Target remains the $60-70 range.

[Trading Market Cycles @tmcycles]

@silvertrade Cramer is secretly on retails side.. provides all the inverse signals 😂

[Trading Market Cycles @tmcycles]

Platinum (XPT) continues to trade inside its falling wedge after rejecting near its 200 day EMA yesterday.

XPT is now closing yesterday’s gap, I’d like to see a move down to $1700/10 for full gap close and another test of the falling wedge.

I may look to long there and add to the $1640 long from the 61% fib.

Price reclaiming $2000 and XPT begins to look good for an intermediate advance. Preferably a new higher high at $2200.

[Trading Market Cycles @tmcycles]

Platinum (XPT) buys from the 61% fib are up $130 and now trades back inside the falling wedge.

Needs to reclaim its 200 day EMA and the broken down triangle next.

Break above $2000 and the next advancing phase could be underway.

Expecting platinum outperformance versus other PM in the next cycle.

[Trading Market Cycles @tmcycles]

Palladium (XPD) has had a small break of its falling wedge and currently holds.

I’d like to see XPD dip back inside the wedge to close the gap around $1280 before heading higher.

I remain long from $1200, but won’t be looking to add to this until new highs are made at $1400 first.

Above $1500.. palladium starts to look very good.

[Trading Market Cycles @tmcycles]

Palladium (XPD) also up $130 since buying. Held the weekly breakout area despite the bloodbath across the sector last week. Was another indication of an imminent bounce in PM.

Now price is attempting to breakout of its falling wedge. Usually very bullish.

I’d like to see price trading back above $1500 before getting too excited.

Many big years still ahead for precious metals, palladium will be right up there.

[Trading Market Cycles @tmcycles]

Gold also rejects from resistance, 38% fib and its 200 day EMA.

I’d like to see gold flush down to the $4240/20 area, closing the gap and retesting trendline support. Where I will look to close yesterdays short and add to long from $4050.

Then gold will need to reclaim $4400.

Yesterday’s short is currently running around $40, now risk free.

Fed tomorrow.

[Trading Market Cycles @tmcycles]

Just as it looked like the precious metals sector was dead and buried for the year, a deal between the US-Iran looks to finally be on the table pending pen to paper. Not good for dollar hawks.

Nice interim bounce across the sector as the dollar gets knocked back at resistance once again. Potential false breakdown of the weekly broadening wedge on gold.

I was hoping for price to close the week a little higher above its 50 week EMA and the broken down triangle. Not out of the woods yet.

Price also continues to trade well below its 200 day EMA & 10 week EMA. Both will need to be reclaimed for any hope in a new intermediate advance. And then onto the triangle breakout.

Each triangle breakout following a multi month correction has rallied around 30% before the next significant top. That could take the next breakout to around $6500. Probably higher given sentiment in gold right now is the worst since the secular leg started in 2022.

[Trading Market Cycles @tmcycles]

Gold now trades at resistance and retests its 200 day EMA.

I’ve entered a short at $4367, after making a new 4hr high, see if we can pullback and target the gap from this weeks open.

I believe if this is to be the start of an intermediate advancing cycle, gold will want to close this $50 gap before heading much higher.

The further this runs away leaving a gap of this size behind, the more risk of this just being a counter rally imo.

[Trading Market Cycles @tmcycles]

Silver fails to break resistance on first attempt and now trades back below the triangle.

I’d like to see silver flush down to the $68-67 area, closing the gap and retest the breakout of the declining trendline from the May high. This would also test the 200 day EMA again.

I would be looking to exit yesterday’s short from $71.20 around there and adding to my long from $63. Then silver needs to reclaim $73.

[Trading Market Cycles @tmcycles]

Silver holds key support around $63-64 and held the March low.

Price flushed anyone out below the 50 week EMA, potentially setting up the next intermediate advance. Also reclaimed the 200 day EMA and closed the week just above $68.

Next, silver needs to reclaim the broken down triangle and resistance. Then it’s 10 week EMA around $74. Still a way to go before getting too excited but a very positive interim bounce.

Anyone calling sub $50 targets can forget it. Probably the same people already calling a top. 45 year base breakout doesn’t generate little over a double.

We’re setting up for another short squeeze. With China leading the way.

[Trading Market Cycles @tmcycles]

Silver continues to trade at key resistance and is pretty much unchanged since Asia.

I’ve took a high risk short at $71.20 (now risk free), also anticipating a pullback to the gap from the open. Might try again at the 38% fib around the $72 area if this fails.

[Trading Market Cycles @tmcycles]

@zerohedge @KingKong9888

[Trading Market Cycles @tmcycles]

@NoLimitGains Bubble phase clearly started in March 😮‍💨

[Trading Market Cycles @tmcycles]

@tmgpi First 100.. then 90.. now 80.. see you sub 70 😉

[Trading Market Cycles @tmcycles]

@JamesP728 Precious metals! Physical, leverage and a basket of mining stocks 🫡

[Trading Market Cycles @tmcycles]

@KalshiSports Ouch

[Trading Market Cycles @tmcycles]

Both $GDX & $SIL found interim bounces at the 3rd touch of their falling wedges. Now both nearly testing the breakout zones.

Both up 7.6% today and recover their 200 day EMA.

Breakout above their falling wedges.. bottoms in.

Would like them to fail this breakout attempt and close gaps first.

[Trading Market Cycles @tmcycles]

$GDX & $SIL +7% otd.. miners leading the charge