The technicals indicated high likelihood of an upswing, and the pair obliged by moving higher recently. Great, but with quite a move behind us already, let’s assess further appreciation potential as it stands right now. Quoting our last commentary on t...
Nadia Simmons
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January 10, 2020
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In our previous analysis, we wrote about crude oil’s strength. We emphasized how it was able to break above its declining resistance line and open the day with a price gap, despite numerous previous signals that had been pointing to the downside. We wrote tha...
Nadia Simmons
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May 8, 2020
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THIS IS WHAT A MAJOR TREND REVERSAL LOOKS LIKE The three periods shown below produced an average peak-to-trough loss of over 50%. Thus, it is prudent to understand some of the common characteristics found in all three cases. We can then look for similar characteristics in ...
Chris Ciovacco
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October 16, 2019
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Stocks are entering the holiday-shortened week on a strong note. There was no selloff on Friday, as has been the case three preceding weeks in a row. This weekend, there were no spooky coronavirus headlines. Stocks finished on Friday close to their yearly highs, and the beat g...
Monica Kingsley
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February 18, 2020
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Since 3rd of September gold and the SPDR Gold Trust ETF (NYSEARCA: GLD ) are consolidating and correcting. But so far bulls can hold prices above US$1,483. Even though commitment of trades numbers for the gold market are looking terrible, the bull still seems to be alive and k...
Midas Touch Consulting
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October 1, 2019
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As the markets grapple with the coronavirus story, the stock market is no exception. Jittery and volatile trading is what we’ve seen on Friday, January 24 already. In the heat of the moment, it’s easy to sell first and ask questions later. But t...
Monica Kingsley
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February 4, 2020
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As the markets grapple with the coronavirus story, the stock market is no exception. Jittery and volatile trading is what we’ve seen on Friday, January 24 already. In the heat of the moment, it’s easy to sell first and ask questions later. But t...
Monica Kingsley
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February 7, 2020
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Crude oil futures declined sharply on Friday. The steep slide’s result was a breakdown below the lower border of the rising green trend channel. As the prices closed the day below the formation, it’s clearly a bearish development. D...
Nadia Simmons
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December 3, 2019
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On Friday, we wrote: (…) Crude oil futures moved higher once again during yesterday’s session, overcoming the upper border of the rising green trend channel for the third time in a row. While the futures finished the day above this resistance, the bul...
Nadia Simmons
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December 27, 2019
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Bullish tone but not low risk Silver has shown some relative weakness towards gold within the precious metal sector in recent days. Looking at the weekly chart we can see that the distribution zone near US$18.60 has successfully rejected silver prices a second time...
Korbinian Koller
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February 18, 2020
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