What A Wyckoff Change of Character May Signal For Gold And Crude Oil?
A Wyckoff change of character showed up on 9 March 2022 in both gold $Gold - main 2204(GCmain)$ and crude oil $Light Crude Oil - main 2204(CLmain)$ , what does it mean for them in the short term and long term.
Click and watch the video below on YouTube (Pro Tip: adjust the speed to 1.5–2X):
Despite the bearish market sentiment, there are still plenty of outperforming stocks as shown up in the screenshot from the stock screener below:
Commodities and marine shipping outperform the market. When the tide turns, these will be the first group to show strength and produce impressive return.
If you are day trading the US futures or swing trading for Malaysia and US stocks, do check out my YouTube Channel: Ming Jong Tey for additional videos and resources. @TigerStars $Alibaba(BABA)$
Safe trading.
Ming Jong Tey
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- GregoryRichardson·2022-03-14Gold is still the best choice in my heart. Silver is also good choice.LikeReport
- WYCKOFFPRO·2022-03-19$S&P 500(.SPX)$ had a trend day without much supply on Friday. Likely to test 4500-4600 next week. This is a change of character developing, which is a bullish sign. Watch out for bottoming in stocks2Report
- WYCKOFFPRO·2022-03-20the bullish patterns such as the stealth supply absorption in $S&P 500(.SPX)$ reflected in lack of down progress is a short term change of character to the upside, propelled by short covering.1Report
- WYCKOFFPRO·2022-03-18$S&P 500(.SPX)$ testing the key level at 4400. A break above this key level should test the previous high. A break below 4320 is likely to go back to test the low. Short covering is unfolding now.1Report
- WYCKOFFPRO·2022-03-17follow through day yesterday. Beginning of up swing in $S&P 500(.SPX)$ . A concrete favorable outcome from the negociation should further stimulate the up move. Yet Long term bias is still down1Report
- William85·2022-03-14There are many factors affecting the price of crude oil, so I think it is risky to invest in crude oil right now.LikeReport
- WYCKOFFPRO·2022-03-16change of character causes the reaction in oil and gold. So far a healthy pullback without threatening supply. Watch out for outperforming oil and gold miners stocks to prepare for the next rally.LikeReport
- WYCKOFFPRO·2022-03-15the past 2 trading sessions are a typical day in a bear market. Rally either in non-rth or first few hours followed by a close at the low. Lack of demand as the strong hands avoid holding overnight.LikeReport
- EvanHolt·2022-03-14Yes, there are always rising stocks in the market.LikeReport
- 4everb13ssed·2022-04-12better days aheadLikeReport
- HilaryWilde·2022-03-14Commodities and shipping prices did go up a lot.LikeReport
- IcySilver·2022-03-14Some of the shipping stocks are bullishLikeReport
- BABAMood·2022-03-21yesLikeReport
- aceralvin·2022-03-20👍1Report
- Tehsiewdai·2022-03-17👍LikeReport
- David_lim·2022-03-15Gd1Report
- patricklowck·2022-03-15ok2Report
- AlfonsoDex·2022-03-15okLikeReport
- Akong·2022-03-15Great1Report
- Enghui·2022-03-15👍1Report