Jugok Trading Blog

Many people say that gold prices are rising. There are many opinions to buy gold. But it does not look like that. It would be better to sell gold.

SPOT GOLD (XAUUSD) Price Forecast and Trade Ideas for Swing Trading: 
SWING SELL (Short) 

Eentry Price  above 1211.3 
1st Target Price  1185.2  (+26.1pt,  +2.15%) 
Stoploss Price  1219.54  (-8.24pt,  -0.68%)

[Gold (XAUUSD) daily chart]
⭐ Swing Trading is a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.

Crude oil prices have declined very steeply and there is a possibility that it could fall to $ 50 per barrel. I do not know if it has hit the bottom yet.

There are two things we can think about right now. One is to wait until the bottom is made. Second, there is the possibility that the oil price will skyrocket into the sky at any moment. The international situation is very unstable. Something huge seems to be coming.

It seems to be the best way to wait, not to enter the market.

[WTI Crude oil futures Monthly chart]

I have closed the natural gas buy(long)-position at 4.75. It has soared very rapidly, and there is a strong resistance line. The trading of this time is  good.

<< Closed  NATURAL GAS Futures (CME NYMEX: NG) - BUY Positions: 
Units: 8,
Average Profit: 1.89pt (66.07%),
Average Entry Price: 2.86,
Average Closed Price: 4.75,
Average Holding Days: 62

Silver prices are not rebounding at support levels. It looks very weak. It is likely to drop one more step without a rebound.

SPOT SILVER (XAGUSD) Price Forecast and Trade Ideas for Swing Trading: 
SWING SELL (Short) 

Eentry Price  13.988 
1st Target Price  13.554  (+0.434pt,  +3.1%) 
Stoploss Price  14.068  (-0.08pt,  -0.57%)

[Silver price 4 hour chart]
⭐ Swing Trading is a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.

Copper prices are on relatively strong support lines. It is likely to decline in the long term. It would be better to decide whether to do long-term position trading after watching a little more.

COPPER Futures (CME COMEX: HG) Price Forecast and Trade Ideas for Swing Trading: 
SWING SELL (Short) 

Eentry Price  above 2.696 
1st Target Price  2.585  (+0.111pt,  +4.12%)
Stoploss Price  2.734  (-0.038pt,  -1.41%)

[Copper futures daily chart]
⭐ Swing Trading is a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.

Wheat futures prices are likely to rise slightly in the short term. Since it is not yet on an upward trend, it is necessary to apply stop-loss strictly. It is hard to expect a big rise yet.

WHEAT Futures (CME CBOT: ZW) Price Forecast and Trade Ideas for Swing Trading: 
SWING BUY(Long) 

Eentry Price  below 511 
1st Target Price  544  (+33pt,  +6.46%)
Stoploss Price  503  (-8pt,  -1.57%)

[Wheat Futures 4 hour chart]
⭐ Swing Trading is a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.

WTI crude oil seems likely to rebound. Although it is not stable yet, it seems necessary to consider short-term buying opportunities.

WTI Crude Oil Futures (CME NYMEX: CL) Price Forecast and Trade Ideas for Swing Trading: 
SWING BUY(Long) 

Eentry Price  below 60.51 
1st Target Price  65.16  (+4.65pt,  +7.68%)
Stoploss Price  59.68  (-0.83pt,  -1.37%)

[WTI Crude oil 4 hour chart]
⭐ Swing Trading is a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.