Takeaway
The presenter outlines a bearish outlook across precious metals (Gold and Silver) and Crude Oil, pointing to head-and-shoulder neckline breaks and range weakness, while maintaining a conditional two-way view on Natural Gas. For actionable setups, the presenter anticipates further downside extensions in Crude Oil toward the 73–76 support zone and potential shorting opportunities in Natural Gas if it tests the 3.307–3.398 double top resistance band.
What the presenter said
- Discretionary and systematic trading opportunities improved significantly week-over-week across commodities and currencies [00:34].
- A completed discretionary long on GBP/NZD yielded over 161 pips following a symmetrical pattern breakout above resistance [04:00], while Switzerland 20 broke below resistance to the downside [05:18].
- Systematic short setups hit targets in EUR/USD (53 pips) [08:58], GBP/USD (51 pips) [09:07], and US Cocoa [11:20].
- EUR/AUD posted a bearish engulfing reaction at a major zone [13:06], whereas Wheat failed and broke below its marked zone [14:05].
- Natural Gas (NYMEX) printed a daily swing low bullish engulfing pattern above the 50 EMA [19:07], with MCX Natural Gas also displaying bullish candle momentum at resistance [21:47].
- Gold (XAUUSD) completed a head and shoulders pattern on the daily timeframe with a broken neckline, projecting downward continuation [23:43].
- Silver (XAGUSD) mirrors Gold's head and shoulders breakdown pattern, pointing toward lower support levels [24:03].
- Crude Oil (CL1!) exhibits weakness within a consolidation range and is projected to break below key support in the coming week [24:52].
- Strict trade discipline and waiting for confirmation are required rather than forcing trades on lower timeframes [16:11].
Trade ideas
- GBP/NZD
- Direction: Long
- Levels: Entry: 2.35867 | Stop: 2.35080 | Target: 2.37199
- Horizon & Conviction: Unspecified | High
- EUR/USD
- Direction: Short
- Levels: Entry: 1.13534 | Stop: 1.14090 | Target: 1.13000
- Horizon & Conviction: Unspecified | Medium
- GBP/USD
- Direction: Short
- Levels: Entry: 1.32618 | Stop: 1.33180 | Target: 1.32080
- Horizon & Conviction: Unspecified | Medium
- US Cocoa
- Direction: Short
- Levels: Entry: 5663.0 | Stop: 5808.0 | Target: 5480.0
- Horizon & Conviction: Unspecified | Medium
- Natural Gas (NG1!)
- Direction: Long
- Levels: Entry: N/A | Stop: N/A | Target: N/A (based on daily 50 EMA bounce / 4H confirmation)
- Horizon & Conviction: Short-term | Medium
- Natural Gas (NG1!)
- Direction: Short
- Levels: Entry: N/A (conditional on rejection) | Stop: N/A | Target: N/A (at 3.307–3.398 double top area)
- Horizon & Conviction: Short-term | Medium
- Gold (XAUUSD)
- Direction: Short
- Levels: Entry: N/A | Stop: N/A | Target: 35 USD below current price
- Horizon & Conviction: Medium-term | High
- Silver (XAGUSD)
- Direction: Short
- Levels: Entry: N/A | Stop: N/A | Target: 53–54.83
- Horizon & Conviction: Medium-term | High
- Crude Oil (CL1!)
- Direction: Short
- Levels: Entry: N/A | Stop: N/A | Target: 73–76 (on a break below 80.74)
- Horizon & Conviction: Short-term | High
Levels and data cited
- Natural Gas (NG1!): 3.307–3.398 (Double top resistance zone).
- Gold (XAUUSD): 3963–3903 (Support / potential buy zone).
- Silver (XAGUSD): 53–54.83 (Support level / target).
- Crude Oil (CL1!): 80.74 (Support level expected to break); 73–76 (Next major support zone / target).
- External References: Money Markers Weekly Forex/Commodities/Indices Zones Report; Hola Prime prop firm Trustpilot rating (4.5/5).
Risks and what would invalidate this
- Geopolitical events can heavily influence crude oil prices, reducing the reliability of technical setups.
- Support and resistance zones are not guaranteed to hold and can break without reacting.
- Counter-trend trading carries elevated directional risk.
- Executing trades without predefined confirmation rules or proper stop-loss parameters increases drawdown risk.