Jul 152014
 
Testing the support level of 99 on the daily chart
West Texas Intermediate testing the support level of 99 on the daily chart.

West Texas Intermediate 6 Month Daily Chart

Reference the last chart analysis for WTIC.

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“Charting is all about assessing probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Jul 092014
 
Near-term uptrend for Eldorado Gold
Chart analysis for Eldorado Gold showing the breakout.

Eldoroda Gold (ELD:TSX) 1 Year Chart

Eldorado Gold must hold above the breakout of $8.25 for a chance at the the next resistance point of $10.00.

Reference the last chart analysis for the materials sector.

Update: July 31, 2014Eldorado Gold reports in-line quarterly earnings

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“Yes, the trend is your friend!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

 Posted by at 10:59 pm
Jul 042014
 
Materials is the market leader!
This chart shows the performance for the Canadian stock market for each of the major sectors.

TSX Sector Performance

Reference the last chart analysis for the TSX Index.

______________________________

“Yes, the trend is your friend!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

 Posted by at 10:46 pm
Jun 182014
 
Need a confirmed close above the March, 2008 high of 15154
Major uptrend continues for the TSX Index.

TSX Index weekly chart 2007 – 2014

The materials sector and in particular gold stocks participated in the rally today. Reference the MarketCarpet from StockCharts.com for a graphical representation of the stocks that made the move.

Reference my last chart analysis for the TSX Index.

______________________________

“Yes, the trend is your friend!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.