The Canadian Technician

Agrium and Potash start to move..

by Greg Schnell

Here are two agriculture related stocks. Agrium looks very strong, but Potash looks to be breaking through the 40 week MA. Both are on the move. Potash comes to its 40 week MA line. it looks like it is ready to surge higher here. Here's Agrium... Read More 

The Canadian Technician

Can we dip in commodities here? MAYBE JUST MAYBE!

by Greg Schnell

The whole world is trying to figure out if Europe can save the Euro. There are a lot of people trying. That backdrop sucks up all the media time. It's hard to get bullish with the news. But here we sit with the $USD up against a major resistance trendline... Read More 

The Canadian Technician

Can we dip in commodities here? MAYBE JUST MAYBE!

by Greg Schnell

The whole world is trying to figure out if Europe can save the Euro. There are a lot of people trying. That backdrop sucks up all the media time. It's hard to get bullish with the news. But here we sit with the $USD up against a major resistance trendline... Read More 

The Canadian Technician

What a critical breakdown..here's why

by Greg Schnell

As a technician, we see things as levels of support and resistance. Yesterday's price action made the summersolstice the longest day for equity traders as well as the price just continually declined all day. Crude oil continued to decline and lost $5 in 2 days... Read More 

The Canadian Technician

The Miners look early but interesting here

by Greg Schnell

The stocks of the diversified miners have been beaten as we have discussed. I like the look of the Shanghai market starting to build a nice uptrend since January 2012. The seasonality for materials kicks in for July... Read More 

The Canadian Technician

The Oil service companies for the Calgary oil show

by Greg Schnell

Check out this dashboard of service companies... Notice how stong Savanna is as well as Canyon..The others are still sloping down. Time to start entering a trade here? Well if it is, stops must be entered. These massive swings make it hard to hold the trade... Read More 

The Canadian Technician

The Stallions of Technical Analysis talking to you!!!!

by Greg Schnell

September 9, 10 and 11, 2012 are shaping up to be hosts to one of the premier technical conferences in 2012. 2012 Banff Commodities Conference From the wisdom that age brings to the aggression of youth, Banff Canada will be host to some of the greatest technicians in the world... Read More 

The Canadian Technician

Crude is at an important level - be very aware!

by Greg Schnell

$WTIC has just moved below a 10 year relative strength trendline. Gold, Copper*, and the CRB all have broken below. Gold and oil are still at a level that if they reversed the downtrend and rocketed higher, we could say the uptrend is intact... Read More 

The Canadian Technician

$TSX SPURS breaks out! YAHOO!!!!!!!!

by Greg Schnell

The $TSX finally caught a bid after a nasty downdraft. This is an excellent move today confirming a push higher. The divergence on the MACD and RSI are very strong. Friday's low looks to be the end of the recent push down... Read More 

The Canadian Technician

Gold miners index is giving multiple buy signals..

by Greg Schnell

The $BPGDM index is giving multiple buy signals. Starting at the top, the RSI for the index is going above 70. thats bullish. The purple shaded area (SPURS) has broken a downtrend. That's bullish ! The crossing of the index above the 8 ema is bullish... Read More 

The Canadian Technician

TD Bank - lands on the shelf

by Greg Schnell

TD Bank is very interesting here. Look at it sitting on shelf support here. TD bank just reported earnings. You can see it continues to make lower lows evey week even after a solid quarter. Fundamentals of a solid quarter? Whatever, lets talk technicals... Read More 

The Canadian Technician

$LUMBER---or as the loggers say...TIMBER-R-R-R

by Greg Schnell

Here is the PnF chart for lumber. A new sell signal. You can see this is a failed triple top breakout. If you look back to the left at $282.49-$285.32 you'll see that was a support level in 2010. Then in 2011 early 2012, the price stalled at this $280... Read More