Another major test for the TSX Index

Major test for TSX Index

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Western Canadian Select (WCS) trading at $22.43

WCS was trading at a discount of $28.50 compared to WTI on November 30, 2018

Western Canadian Select pricing compared to West Texas Intermediate

https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

FAANG Hangover

This chart is from a timely article in Barron’s

FAANG performance form the beginning of the year

https://www.barrons.com/articles/facebook-apple-amazon-netflix-google-which-tech-stocks-to-buy-now-1543021775

https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

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“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

S&P 500 Index has suffered serious technical damage

The view on the weekly chart shows the index trading below the 40-week moving average. RSI and MACD are both confirming the bearish sentiment. It will test 2550 to 2600 support zone.

S&P 500 weekly chart

Reference a previous post as the S&P 500 was attempting to hold the 40-week moving average.

______________________________

“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Major breakout for natural gas

Breakout for natural gas.

Reference my last chart analysis for natural gas when the major and intermediate trends were sideways

https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

______________________________

“Technical Analysis is about identifying trends”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca InvestOnline.ca

Intermediate downtrend for WTI

West Texas Intermediate broke near-term support around $65. It is trading below the 200 day simple moving average and the next major test is around $55 to $57.50.

West Texas Intermediate weekly three-year chart showing the intermediate downtrend.

Reference the last chart analysis for WTI.

______________________________

“Technical Analysis is not TV blabber”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Torstar dropped 17.80% after the Q3 release

The chart tells the story

Torstar sell-off after Q3 release shown on the daily chart

Here is the third quarter release.

______________________________

“Technical Analysis is not TV blabber”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca

Near-term downtrend for WTI

Trading below 200-day and testing major support around 64 to 65

______________________________

“Technical Analysis is not TV blabber”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca