Email Us
Click to Chat
Arabic
← Back

Commodities Trading Ideas: Gold steadies above $1650, oil drops below $84

By Mohammad Shanti
24 Oct,2022
Commodities Trading Ideas: Gold steadies above $1650, oil drops below $84

Gold trades above the bearish channel

Trading Idea: Reversing Higher

Entry Point Stop Loss Take proft 1 Take Profit 2
1652 1642 1670 1678

Comment: Breaching the bearish channel and trading above moving averages favors the rise. However RSI and MACD suggests a reversal

Order Type: Buy Limit

Risk-reward ratio (SL to TP 1):   1:1.8

Risk-reward ratio (SL to TP2):   1:2.62
 

Silver edges higher

Trading Idea: Reversing higher

Entry Point Stop Loss Take proft 1 Take Profit 2
19.20 18.85 19.70 20.11

Comment: Breaching the resistance line and trading above moving averages favors the rise. However RSI and MACD suggests a reversal

Order Type:  Buy Limit

Risk-reward ratio (SL to TP 1):  1:1.42

Risk-reward ratio (SL to TP2):   1:2.62

WTI ranges between $83 and $86

Trading Idea: Ranging

Entry Point Stop Loss Take proft 1 Take Profit 2
83.40 82.00 85.40 87.06

Comment: Trading above the bullish trend line favors the rise. However breaching both the pivot and moving averages is required to confirm the trend.

Order Type: Buy Limit

Risk-reward ratio (SL to TP 1):  1:1.42

Risk-reward ratio (SL to TP2):   1:2.618


Want more? Register for free

HIGH RISK INVESTMENT WARNING: Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Please read the full Risk Disclosure Policy. 

Register now to receive daily update about market:

Related Articles

ATFX is a world-leading CFD broker in online trading into global markets. ATFX offers over 500 CFD instruments for global investors to trade. By putting the safety of all our global investors’ funds as a top priority and providing an efficient, safe experience of deposits and withdrawals ...

Learn More

 
Follow Us
The Ultimate Trading Research Portal. Powered by ATFX. © Copyright 2024 ATFX

Disclaimer - AT Premier is a provider of Training and General Research Information and is not an authorised or regulated entity.

The AT Premier Brand and assets are fully owned by ATFX, which is a co-brand shared by AT Global Markets Intl Ltd, among others. AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license number C118023331. The Registered Office: G08, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

This information has been produced by a third party, for general information purposes only, and is not indicative of future results. AT Global Markets Intl Ltd takes no responsibility for its accuracy or completeness. Any opinions expressed do not reflect those of AT Global Markets Intl Ltd. This information does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should seek independent advice before making investment decisions. Reproduction of this information, in whole or in part, is not permitted.
You should only engage in CFDs if you are prepared to accept a high degree of risk, and in particular the risks outlined in this Notice. You must be prepared to sustain a loss in excess of your deposited funds with us as well as any losses, charges (such as interest) and any other amounts (such as costs) we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin.

The data and other content and information available through the ATPREMIER is intended for informational purposes only and must not be considered investment advice. To the extent that some materials suggest investment strategies, they do so in only general terms without reference to the personal factors that should determine client or client's customers' investment decisions to buy or sell a specific security or currency. ATPREMIER  does not ever give investment advice or advocate the purchase or sale of any security or investment, and investors act on information received from the ATPREMIER at their own risk. ATPREMIER FURNISH THE INFORMATION ON AN "AS IS", "AS AVAILABLE" BASIS AND WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, Warranty OF TITLE OR IMPLIED WARRANTY OF MERCHANTABILIY OR FITNESS FOR A PARTICULAR PURPOSE.
v