investment

investment

We have had a steady and well defined downtrend since the bullish news on Sunday Today's inventory number was lower than expected creating a spike above the downtrend Depending on how this spike holds above the downtrend line, we may have continued moves to the upside

investment

On Sunday night we broke through the resistance level which has held the market for the whole of 2016 (red dotted line) The rally was halted by a resistance level dating back to February 2015 (lower dotted blue line) If we can now stay above the red dotted level (2016 resistance) and use it as support, we could move further up to the $60 mark

investment

A very bullish open to the new week of the back of NOPEC news. There is still plenty more room for upside, as at the last OPEC meeting we did $5 in a day. So a potential upside target for oil is the support/resistance level from last year at around $56.67. How we get there will be a matter of debate, some traders see a pullback, other traders think we'll carry on...

investment

I'm looking to go short this morning, considering there may be more profit taking, and a risk off attitude before today's oil inventory data. Using the downward trend line as my stop, if we hold below, will look to target $50. If we break above the downward resistance trend line (shown on chart), I'll reconsider for a long trade opportunity

investment

There appears to be an error on this chart for 26th April data. On the natural gas futures chart, a well formed Head and Shoulders pattern since 20th April I'm looking to short with an initial 40 point target. Stops above today's upwards spike after the FOMC announcement (on this chart it is 2160)

investment Updated 

Given the crisis in US equities so far in 2016 and the Deutsche bank news of a 10% increase on CDS prices hitting European equities, everyone seems to be flocking to buy gold ! Understandably with all the risk seeming to be placed in the equity markets, investors appear to be flooding to the comparative safe haven of (relatively) low priced goals. Recently gold...

investment

Looking on a long term perspective of gold (the longest obtainable on the charts). We've done a full 50% retracement of the entire historical gold bull market, going back 15 years. Was that enough to to give us a low, at least for the next coming years ?

investment

In general I am bearish on oil, however if we breakout of this short term downward flag, I'd be interested in buying any retest of the top of the channel. I will only go long if we breakout and confirm above the channel.

investment Updated 

Since the early January selloff, we appear to be ranging into a tighter triangle consolidation pattern Based on the assumption that the 0.236 Fib retracement support level will hold on Monday, I'd be looking for longs anywhere from 1871.8 (0.236 Fib) to 1881 (Fridays close), with a target of around 1900. Ideally an early trade entry, during the European session...

investment Updated 

We've hit the 50% retracement level of the December/January swing low. Throughout the US session it was bullish, and the bulls tried hard to break the 50% level at the close, but were unable, and significant volume drove us back from 1945.8 (50% level) to close at 1938.1 I'd be interested in shorts, with a stop above 1945.8, and a target of around 1913.8 (the...

investment Updated 

The end of the Month rally of Friday, took us to just above the 50% retracement level of the entire January sell off, and just below the 50% retracement level of Decembers swing high. A new month and a new week has seen some profit taking, as we have moved down the channel shown here Since US market open we have touched the top and the bottom of the channel, and...