Commodities Countdown Video Recording 2017-11-23
November 23, 2017 at 05:08 PM
This weeks Countdown focuses on the strong oil price at $58.60 and the gold price around $1300. There is a real chance that the next two weeks see explosive moves in commodities stocks. The one caveat is that we are watching for some divergence on the daily chart of the $USD. This has not shown up yet.
Commodities Countdown With Greg Schnell 2017-11-23 from StockCharts.com on Vimeo.
Good trading and happy Thanksgiving,
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