Jugok Trading Room

I have closed WTI buy-position.
I expected the price of crude oil to rise very strongly. However, that is not the case. Perhaps, the WTI is likely to go up to about $ 60. I will just watch outside the market.

<< Closed  WTI CRUDE OIL Futures (CME NYMEX: CL) - OANDA CFD
BUY Positions: 

Units: 3,
Average Profit: 2.89pt (5.44%),
Average Entry Price: 53.15,
Average Closed Price: 56.04,
Average Holding Days: 5

>> Sold Gold (XAUUSD) 2 units at 1327.0
<< Closed EURUSD - Euro to US Dollar Exchange Rate +0.0229pt (+2%)
<< Closed WTI CRUDE OIL Futures (CME NYMEX: CL) - OANDA CFD 2.89pt (5.44%)

The market is getting confused again.

Gold: Gold prices are rising again. The precious metal market is very exciting. So I sold gold. In my opinion, gold prices will not keep rising. It is unlikely that it will go above $ 1331.

The silver price has already passed its peak. It is likely to plummet soon. The key price of silver is $ 15.64.

[Gold price daily chart, XAUUSD]

WTI: Crude oil prices are likely to rebound further. Brent oil is likely to climb to $ 68.5 and WTI to $ 57.5. Because the crude oil market is unstable, I have closed my position. I will wait outside the oil market.

Copper: There seems to be a lot of experts that copper prices will rise very high. Perhaps, it would be better to find opportunities to sell.

Euro: The euro will continue to decline. EURUSD's strong resistance …

I have closed EURUSD sell-position. It was not a very good trading, but was profitable.

EURUSD is likely to continue to decline. Probably, it will go dwon, at least, to 1.05. Closing the euro was to buy WTI crude oil.

<< Closed  EURUSD - Euro to US Dollar Exchange Rate
SELL Positions: 

Units: 17,
Average Profit: 0.0229pt (2%),
Average Entry Price: 1.1469,
Average Closed Price: 1.124,
Average Holding Days: 48

As expected, the market is shaking. But there is nothing to worry about, because it is expected.

Gold: Gold prices are at a standstill. It can not go up and go down. It takes time to complete the peak. If it goes over 1320, we will have opportunities to sell. The key price of gold is $ 1310.

The silver seems to have already completed the peak. If silver rises above $ 15.86, it will be another selling opportunity. The silver's key price is $ 15.64.

[Gold price daily chart, XAUUSD]


Euro: As expected, the euro is fluctuating. If EURUSD climbs over 1.134, it will be a selling opportunity.

WTI: The crude oil market is unstable and prices are rising accordingly. We should think about who makes the oil market unstable. Brent oil is rising strongly. The WTI is likely to climb to $ 57.5. Brent oil is likely to climb to $ 68.5.

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It seems time has come to sell Copper futures. The opportunity to sell comes again.

Copper prices have been on the rise since early this year. The current level seems to be too high. It is likely to fall to around 2.55. The important price line is 2.735. In the long run, it is likely to drop to around 2.1. I do not know how fast it will go down.

[Copper futures price daily chart, CME COMEX: HG, OANDA CFD]

The market is moving in the right direction, but looks weak.

Gold: Gold prices are preparing to go down, after passing the peak, as expected. I do not know when it will start to fall. Its resistance line is $ 1318, and the critical price line is $ 1302.

Silver prices have already begun to decline. It will drop relatively more than gold. The resistance price line for silver is $ 15.861, and the key price line is $ 15.64.

They may fluctuate. We need to be careful.
If they go up, it will be good selling opportunities.

[Gold price daily chart, XAUUSD]


Euro: The euro is moving as expected. EURUSD is likely to fluctuate for a while. It is likely to fall to around 1.05. Its important price lines are 1.1341 and 1.1376. If it climbs over 1.1341, it would be an opportunity to sell.

The GBPUSD is in a position that can not go up and can not go down. That means trading is not easy. It would be better to wait outside the market.

WTI: Brent oil is likely to go up one step further. It is likely to ris…

The silver market attracts our attention.
Silver prices are likely to plunge. It is likely to fluctuate very cruelly.

It is likely to move in the range of 15.75 to 14.8. The key price seems to be 15.65. I do not know if this decline means going into a downward trend.

It would be better to do sell-trading.

[Silver price daily chart, XAGUSD]