Duke_of_Brats

Duke_of_Brats

The two similar patterns caught my eye & made me laugh. However, when looking further into it, this is the perfect entry level. Upward Trend Bounce back off the 87.69 Resistance, turning it into a Support Level RSI above the median Stochastic on an uptrend 55 ema went above the 200 ema a few days ago Last time the pair broke this resistance was in March 2014...

Duke_of_Brats

Oil has broken out of the downward trend. Both the 10 & 20 ema have crossed the 55 ema. Stochastic shows it is being overbought on the daily, therefore expect a bounce back to touch the downward trend line, then back up. Will face a major resistance level of approximately 81.25, should it break, Oil may reach the following major resistance line of approximately...

Duke_of_Brats

Gold broke the downward trend and yesterday broke the resistance level of 1960/1962. Possible retracement to 1960/1962 as it becomes a support then shoots up to the next level of 2003. You can also see a perfect cup & handle formed in the past couple of weeks. RSI shows a solid upward trend while stochastic is in the overbought zone, thus GOLD might fall for a...

Duke_of_Brats

Next target is 798 if wheat breaks the current resistance. Two scenarios, either break the resistance or bounce down to create a cup & handle then break resistance. All indicators imply a move up!

Duke_of_Brats

Huge take off for XOP after creating a CUP on the daily; possible consolidation to create a CUP & HANDLE before take off. Expected returns: 15% minimum