TheTrex Trading Channel
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Cacoa just had a massive long signal after pattern developed and broke up!
USOIL - Retest of 80-84.5 to setup for bullish break-out.
https://www.tradingview.com/x/aOD9yDEr/
Please leave a like on tradingview, thank you!
https://www.tradingview.com/chart/BTCUSD.P/5UmsnFaE-BTCUSD-Bullish-but-with-cautious-trajectories/
Soo, based on the chart 80K is kinda the top for now, or we see some distribution moves first as it build a new base. In case it blasts through 82K, then expect 91,000-92,500 USD.
XPTUSD (Plantinum) weekly bullish cross over.
https://www.tradingview.com/x/lMzK28Kn/
Why does the US government have to bring down yields? Artificial intelligence is currently its largest economic growth factor and increasing yield rates put significant breaks on US economic growth. Everything becomes more expensive when foreign lenders demand more interest to buy US debt in the form of bonds and the war in Iran has stimulated global caution.
https://www.pbs.org/newshour/economy/an-alarmed-bond-market-gets-the-trump-administration-to-act-again
I've reconsidered the outlook of CACOA and current price valuation. It looks like the very warm weather across Europe and Africa will yield long-term crop reduction. Fertilizer also still up and cost of transport, all weighing in supportive price trend. Around October - November most chocolates are produced/consumed due to typical celebrations. I do see that price could maintain a uptrend, now it's just a matter of buying at safer entries, when markets are oversold on daily.
Bought 80% of NATGAS position so far at 2.70-2.80. Scaling in over next month remaining 20% on RSI bearishness (daily).
See you in October/November! 👋🏻
