Commodities Countdown September 30, 2016 at 12:18 PM
Oil surged this week on the back of OPEC suggesting they might hold back a little production. While the news from OPEC is timely, The chart for Oil (WTIC) shows a lot of stress at this $48 level. One very positive development is a higher short-term high above the $47.75 high... Read More
Commodities Countdown September 23, 2016 at 01:11 PM
This is a continuation of the article: "The Bank Review Three Months After Brexit" Click on the link to read it first. In hindsight, Brexit injected fear into the market and the market has rallied hard for three months. Let's zoom in on some of the banks close to the issue... Read More
Commodities Countdown September 23, 2016 at 01:09 PM
This article was first published on June 27, 2016. All of the charts have been updated to check our progress... Read More
Commodities Countdown September 19, 2016 at 02:48 PM
Commodities continued their pullback this week. The problem is that a lot of them have been teetering on support. This week marks a break in my optimism. First, Crude oil finished the week at the uptrend line. On the webinar, I used the close rather than the intraday lows... Read More
Commodities Countdown September 14, 2016 at 02:30 PM
As the 10 Year Yield ($TNX) broke out of its trading range, it injected volatility into the market between Friday and Wednesday. Until this starts to settle down, it is likely that we see wide price swings each day affecting a lot of the asset classes... Read More
Commodities Countdown September 09, 2016 at 12:49 PM
Oil Continues To Test High $40's Natural Gas Consolidating Oil And Gas Stocks Lead The SCTR Rankings XLE Breaks Out Of A Major Base Crude Oil ($WTIC) continues to flirt with breakout levels. This $47.50 seems to be a meaningful area of attention... Read More
Commodities Countdown September 08, 2016 at 02:10 PM
The Energy Sector SPDR (XLE) has been trying to breakout for the last few weeks. Even as Crude Oil and Natural Gas pulled back, the XLE held firm... Read More
Commodities Countdown September 02, 2016 at 08:52 AM
The charts have been bullishly aligning for the majority of the commodities since the January/February lows. With the US Dollar trading between 93 and 100 for 19 months, the stability of the dollar has been helping some of the commodities regain some chart strength... Read More
