The long-term picture is extremely disappointing to longs (there still must be some out there). Medium-term, trading over $3 is the necessary chart condition to potentially confirm a tradeable bottom. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully […]
Following our last post about the CL head & shoulders $62 target, there is no other chart support to stop the freefall from that level. At $62 there are some distinguished lows dating back to 2021. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently […]
CL’s head & shoulder on the daily chart is targeting the distance equal to the $82-$72 difference. However, a rebound above the $72 neckline will invalidate this ominous bearish formation. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully […]
EUR/USD’s megaphone formation is showing how confused these markets are. Critical cluster of support around the 1.05 area. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!
CL needs a new yearly high to confirm a major bottom. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!
Strong move over the down trendline and a new leg up is in the beginning. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!
Silver is nearing the apex of a huge symmetrical triangle. It is a question of time for a breakout to occur. We are not jumping the gun. We will follow the path of least resistance. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. […]
Natural Gas with a breakout on the hourly chart and a new 1-month high. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!