Commodities Countdown

Greg Schnell
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 (Wiley, 2018).

Latest Posts

Commodities Countdown

Commodities Countdown Recording With Greg Schnell 2017-12-21

by Greg Schnell

This edition of Commodities Countdown continues to discuss the breakout in metals as well as the recent movement in the oil service companies. There is some timely coverage of Natural Gas as it attempts to bounce off support. Commodities Countdown With Greg Schnell 2017-12-21 from StockCharts.com on Vimeo. Have a safe and happy holiday season, Greg Schnell, CMT, MFTA Read More 

Commodities Countdown

Commodities Countdown Video Recording With Greg Schnell 2017-12-14

by Greg Schnell

This week's countdown focuses on the industrial metals miners. While the indexes rallied into the Fed day, they gave Monday to Wednesdays gain back on Thursday.  Commodities Countdown Video Recording With Greg Schnell 2017-12-14 from StockCharts.com on Vimeo. I also did a recording for the Oakville CSTA on Wednesday. Here is a link to that presentation. There is a complete section on relative strength as well as some ideas for 2018. CSTA Oakville Chapter Meeting - December 13 2017 from StockCharts.com on Read More 

Commodities Countdown

Commodities Countdown With Greg Schnell 2017-12-07

by Greg Schnell

This weeks edition of Commodities Countdown has a lot of the commodities breaking down through the 40 week moving average. The majority of the energy sector is still above the 40-week moving average, with the exception of $NATGAS. Gold broke an uptrend this week and dropped to four month lows. The recording contains lots of discussions looking for reversals and a complete segment on currency. Commodities Countdown Recording with Greg Schnell 2017-12-07 from StockCharts.com on Vimeo. I will be hosting the Saturday edition of Market Read More 

Commodities Countdown

Oil Producers And Oil Services Setups

by Greg Schnell

With oil posturing to hold $55, there is lots of anticipation that oil will fail here. While the stocks can fall from here, there are a lot of nice setups should a round of optimism move towards oil companies. This article is laying out some of the setups. Diamondback Energy (FANG). The SCTR is rubbing the 75 level. The relative strength is in a small uptrend off the August lows. While some consolidation here is ok, this stock looks well positioned to breakout.  RPC, Inc. This mid-cap is consolidating after breaking through $22. The SCTR is above 75 Read More 

Commodities Countdown

Commodities Countdown Video Recording With Greg Schnell 2017-11-30

by Greg Schnell

This weeks edition of Commodities Countdown notes that the commodities had a stalled week. Gold and the gold miners traded down this week. Gold was down 1.25% and Gold miners traded down 1.96%. Silver struggled as well, down 4%. Copper was down a couple of percent. Crude and Natural gas were both down 1.1%. While it wasn't ugly, a few charts turned over. However, on Thursday November 30th, the gold stocks held their ground, and oil stocks traded up.  To compliment the weakness in commodities, the $USD also traded lower, which is not the normal relationship. The US dollar did not Read More 

Commodities Countdown

Commodities Countdown Video Recording 2017-11-23

by Greg Schnell

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 Read More 

Commodities Countdown

Commodities Countdown Video Recording 2017-11-17

by Greg Schnell

The Commodities Countdown Video Recording With Greg Schnell 2017-11-17 is now available. If you would like more commodity related stories, check out the entire Commodities Countdown blog. There are also some tips on scanning and breadth in October 2017. Commodities Countdown Video With Greg Schnell 2017-11-17 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA Author of Stock Charts for Dummies (Pre-order now, available January 2018) Amazon.com Author of Stock Charts for Dummies (Pre-order now Read More 

Commodities Countdown

Commodities Countdown Video Recording With Greg Schnell 2017-11-09

by Greg Schnell

The Commodities Countdown Video Recording With Greg Schnell 2017-11-09 is now available. Commodities Countdown Video With Greg Schnell 2017-11-09 from StockCharts.com on Vimeo. If you would like more commodity related stories, check out the entire Commodities Countdown blog. There are also some tips on scanning and breadth in October 2017. Good trading, Greg Schnell, CMT, MFTA Author of Stock Charts for Dummies (Pre-order now, available January 2018) Amazon.com Author of Stock Charts for Dummies (Pre-order now, available January Read More 

Commodities Countdown

Crude Is Breaking Out - Should You Buy The Hype

by Greg Schnell

Oil has been breaking out. What to do if you missed the giant rally so far? Should you get on board? Let's work through the charts to see if this is worth participating in. The first chart is US based Oil - $WTIC. The downward trend on the KST is turning up and the KST is just moving above the zero line now. The breakout on price to new two-year highs is very bullish with this KST setup. Also the KST found support near the zero line rather than a deep oscillation so this is also a very positive structure. Looking at Brent crude ($BRENT) this is also bullish and has Read More 

Commodities Countdown

Commodities Countdown Video Recording 2017-11-02

by Greg Schnell

Commodities Countdown Video Recording for November 2, 2017 is now available. Commodities Countdown Video With Greg Schnell 2017-11-02 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA. Read More 

Subscribe to Commodities Countdown to be notified whenever a new post is added to this blog!