Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

Today’s spreadsheet of trade ideas, with stop loss & targets (delivered to subscribers every morning at 3am GMT).

Gold, Silver & WTI Crude hit all our buy targets.

04 April

Gold XAUUSD: higher again as predicted as we hit my next target of 2292/94 & look for 2310/13 today.

1. 1. A break above 2315 targets 2325 then 2340/45.

2. It is very difficult to identify good support levels because the move higher has been so swift but we should have minor support at 2282/78 then strong support at 2267/63. Longs here need stops below 2259.

Silver XAGUSD dipped to my buy level & support at  2495/75 & managed to make a low for the day here on Monday.

1. 1. Longs worked perfectly as we shot higher to all of my targets & reached as far the next targets of 2652/57 & 2685/89.
2. 2. We have reached 2730 as I write & on further gains we look for 2765/70 then 2800/10. I would not be surprised to see these targets achieved before the end of the week.
3. 3. There could be minor support at 2680/70 & longs need stops below 2650.
   

WTI Crude MAY future

1. 1. WTI Crude has now rallied 400 ticks after we beat the triangle’s upper trend line resistance at 8200/8220 for a buy signal & yesterday we hit the next target of 8610/30 with a high for the day exactly here.
2. 2. Further gains are expected & should target 8655 then 8700/20. Just be aware that even 8810/30 is possible in the days ahead.
3. 3. The downside is expected to be limited today, in the 3 month bull trend, with 1st support at 8560/40. Longs need stops below 8500.
   Targets: 8610, 8650/55 & 8700.

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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.

Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Jason Sen, Director

https://www.daytradeideas.co.uk

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