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

Some Low Level Signals Flicker In Energy

by Greg Schnell

Watching the energy stocks get pommeled on the back of low crude oil has been hard. We have seen some beaten down names starting to rally slightly over the last couple of weeks.  Here is the $BPENER, which broke above the 50 DMA today as you can see in the zoom box. Another chart that we have been following with the $BPENER is the momentum of the $BPENER's MACD. We have been tracking the momentum low for the $BPENER shown on the MACD. This cyclical low has happened every three years. The $BPENER data has been set to invisible so we can still Read More 

Commodities Countdown

Commodities Countdown Video Recording 2017-06-22

by Greg Schnell

This weeks edition of Commodities Countdown suggests renewed weakness in Agriculture as well as the energy space. There are two interesting commodity areas to watch over the next week. First Solar and the TAN ETF are interesting as well as the precious metals.  Commodities Countdown With Greg Schnell 2017-06-22 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

Commodities Countdown

$COPPER And The Miners - The Problem Continues

by Greg Schnell

$COPPER has been migrating sideways to down recently. The recent bounce off the 10 Week Moving Average is supportive. Back in May, I posted this chart suggesting that if $COPPER could get going, the global mining stocks should also reflect that bullish enthusiasm. While $COPPER has been able to hold above its 40-Week Moving Average (40 WMA), none of the major miners are able to follow along. Almost every chart is making new lows for 2017. TECK, Freeport McMoran (FCX), and BHP look worse than VALE and RIO. RIO and VALE are at 6-month lows where the others are at Read More 

Commodities Countdown

Commodities Countdown Video Recording 2017-06-15

by Greg Schnell

Here is the link to the Commodities Countdown 2017-08-15. The surge in the $USD causes some concern. Quite a few of the commodities have moved below their 40 WMA. Global concerns start to rear up. A big review of the currencies and the conflicting moves in them highlight this week. Commodities Countdown Video With Greg Schnell 2017-06-15 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.     Read More 

Commodities Countdown

US Dollar ($USD) Becomes The Elephant In The Room

by Greg Schnell

Commodities have been struggling recently, even while the $USD has been declining. Today marks an important place on the charts. The dwindling momentum on the MACD and KST on this $USD chart may be pointing to changing times. Both appear ready to start turning higher on the $USD chart. If the downtrend in the $USD is ending, this chart becomes the elephant in the room for Commodities in general. If the dollar is going to rise, Commodities will struggle to rally with a dollar headwind. There is a wider view on the $USD that looks particularly important. If Read More 

Commodities Countdown

Commodities Countdown Video Recording With Greg Schnell 2017-06-08

by Greg Schnell

Here is this week's Commodities Countdown 2017-06-08 recording. I made an effort to point out a few different viewpoints on some potential moves in the Commodities space. There is information on Oil, Natural Gas, Gold, Silver, Copper, Steel, Corn, Wheat, Soybeans and Uranium. Commodities Countdown Video With Greg Schnell 2017-06-08 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

Commodities Countdown

Commodities Countdown Video Recording For 2017-06-01

by Greg Schnell

Here is the Commodities Countdown for June 1, 2017. Energy continues to go lower, Gold tightens the pennant and world markets continue to push higher. The commodity countries lag. I spent 10-15 minutes talking about the new tools from the members dashboard.  Commodities Countdown With Greg Schnell 2017-06-01 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA.   Read More 

Commodities Countdown

Commodities Countdown Video Recording For 2017-05-25

by Greg Schnell

Commodities had some wild swings this week. While Gold and Oil struggled, other charts started to perk up. Here is the Commodities Countdown Video Recording 2017--05-25. Commodities Countdown With Greg Schnell - 2017-05-25 21:00 from StockCharts.com on Vimeo. Good trading, Greg Schnell     Read More 

Commodities Countdown

Commodities Countdown Video Recording 2017-05-18

by Greg Schnell

The Commodities Countdown Video Recording 2017-05-18 is available for viewing. Commodities Countdown With Greg Schnell 2017-05-18 from StockCharts.com on Vimeo. Good trading, Greg Schnell, CMT, MFTA     Read More 

Commodities Countdown

Breadth Indicators Are Getting Close To Breakdown Levels

by Greg Schnell

Martin Pring's trusty Dow Diffusion Indicator (!PRDIFDOW) has been dripping lower lately. A few people have asked to see more on this indicator so I thought I would share it in a blog rather than a video. If you would like the video version, I covered it on the Canadian Technician Video Recording 2017-05-16. First of all, the Dow has 30 components. So the minimum and maximum on the scale is 30 and -30. The Dow Diffusion Indicator monitors the number of stocks in a rising or descending trend. When it gets below 15, The Dow can move higher but there is not a lot of breadth to the move. When Read More 

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