Commodities Countdown Video Recording With Greg Schnell 2017-09-07
September 07, 2017 at 04:21 PM
Here is this week's Commodities Countdown for September 7, 2017. Lots of action in precious metals and energy.
The energy sector has lots of appealing charts. At the end of June, almost the entire sector had SCTR rankings below 25. Now lots of the stocks have SCTR levels above 75, suggesting they are some of the strongest moving price charts. Gold and Silver are due for a rest here, but a good strategy might be to focus on these precious metals charts over the next few months to find very attractive buy points.
I will also be presenting the Market Outlook with Tom Bowley on Saturday September 9th, 2017 @ 11:00 AM EDT. Click here to register.
Commodities Countdown Video With Greg Schnell 2017-09-07 from StockCharts.com on Vimeo.
Greg Schnell, CMT, MFTA
About the author:
, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis.
Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter.
He is also the author of Stock Charts for Dummies