Nov 062014
 
+6.91 gain for the TSX Index: energy and materials underperform
TSX Index ytd performance showing the 6.91% ytd gain and the drag on the index of materials and energy.

TSX Index YTD Performance by Sector

TSX Index ytd performance showing the 6.91% ytd gain and the drag on the index by materials and energy.

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“It is all about 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.

© 2014 TradeOnline.ca

Nov 062014
 
Major support level for USO is 29
USO weekly chart showing the critical support level of 29. The intermediate trend is down.

USO 3-Year Weekly Chart

Reference the last chart analysis for WTI.

News release for November 5, 2014: OPEC sees bigger output drop

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“It is all about 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.

© 2014 TradeOnline.ca

Nov 052014
 
Positive reaction to the earnings release

Chart analysis for ATS showing the positive reaction to the earnings release on heavy volume.  The intermediate target price is identified on the chart.  MACD is confirming the near-term uptrend.

Chart analysis for ATS showing the positive reaction to the earnings release on heavy volume. The intermediate target price is identified on the chart. MACD is confirming the near-term uptrend.

Review the details for the earnings release.

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“It is all about 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.

© 2014 TradeOnline.ca

Nov 032014
 
Intermediate downtrend for WTI and a major break below 80
Chart for West Texas Intermediate showing the intermediate downtrend and the major break below support of 80.  There is  a tentative support level on the weekly chart at  77.50.

WTI Daily Chart

Chart for West Texas Intermediate showing the intermediate downtrend and the major break below support of 80. There is a tentative support level on the weekly chart around 77.50.

Reference the last chart analysis for WTI published on October 17, 2014.

October 17, 2014: Daily candlestick chart for WTI showing the support level around 80. There was heavy volume on Thursday as the shorts covered. But the spinning top candlestick on Friday indicates ambivalence. It is not the time to go long or short. We will have to monitor future price action. There is a high probability the bears will take another run at testing the support level.

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View from the weekly chart
Weekly chart for WTI

WTI 3-Year Weekly Chart

______________________________

“It is all about 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.

© 2014 TradeOnline.ca

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