Monthly Archives: November 2014

Brent Crude Oil chart analysis – $60? $40?

Barring a major supply disruption, Brent is heading lower

Daily chart for Brent showing the reaction OPEC decision not to cut production

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Weekly chart for Brent

Weekly chart for Brent Crude Oil.

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Bloomberg chart predicting Brent at $60

Bloomberg chart-Oil Price Weakness Likely to Persist_2014-11-28

OPEC’s decision not to try and eliminate an oil-supply glut means the biggest crash in six years won’t stop until prices reach $60 a barrel, according to firms including Nomura Holdings Inc. and Deutsche Bank AG……………….

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“Keep it Simple!”

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.

iShares TSX Capped Energy Index ETF (XEG) weekly chart

Major break for XEG below support of 16.00
Major break for iShares S&P/TSX Capped Energy Index ETF below support of 16.00.  Will test major support of  14.00.  A break below 14.00 would indicate a test of the 2011 low

XEG 3-Year weekly Chart

Major break for iShares S&P/TSX Capped Energy Index ETF below support of 16.00. Will test major support of 14.00. A break below 14.00 would indicate a test of the 2011 low.

iShares S&P/TSX Capped Energy Index ETF

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“Keep it Simple!”

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.

Intel (INTC) 8-Year monthly chart

Intel chart showing the major uptrend and breakout at 35
Intermediate uptrend for Intel with a breakout at 35.00.

Intel 8-Year Monthly Chart

Intermediate uptrend for Intel with a breakout at 35.00.

Reference two previous charts when I was bullish on Intel:

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“Keep it Simple!”

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.

Germany iShares ETF (EWG) chart analysis

Looking for follow-through for iShares MSCI Germany ETF

EWG Germany Ishares chart analysis_2014-11-21

Germany iShares ETF 3-Year chart showing the reaction to the ECB jawboning and the rate cut in China.

iShares MSCI Germany ETF

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“Keep it Simple!”

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.

TSX Index chart analysis

Can the TSX Index hold above major resistance of 15000?
TSX Index daily chart showing the tentative break above major resistance of 15000.

TSX Index 6-Month Daily Chart Courtesy of StockCharts.com

Reference the candlestick chart published on October 16 showing the hammer on the weekly chart and the bullish engulfing pattern on the daily chart which indicated the bottom for the TSX Index.

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View from the weekly chart for the TSX Index
TSX Index weekly chart showing the breakout above 15000.

TSX Index 3-Year Weekly Chart

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“Keep it Simple!”

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.

Natural Gas daily chart

Natural Gas and the pop on Monday. It was cold outside!
Natural gas daily chart showing the 5.79% pop on Monday, November 17. The price of natural gas has an inverse correlation to the current temperature and short-term forecast.  Sometimes the traders will go outside to verify the temperature and make their own forecast.

Natural Gas 6-Month Daily Chart

Natural gas daily chart showing the 5.79% pop on Monday, November 17. The price of natural gas has an inverse correlation to the current temperature and short-term forecast. Sometimes the traders will go outside to verify the temperature and make their own forecast. A trader that feels cold after the trip outside will take some new long positions. Also the temperature on the trading floor or in their office can affect the market.

United States Natural Gas Fund (UNG) is one way to trade this commodity without leverage……………

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“Keep it Simple!”

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.

Technical Analysis: Gold

A 2.25% pop for GOLD today but……….
Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop today. But the major trend is down and the intermediate trend is down.  Gold will meet heavy resistance at 1,200.


Gold Daily Chart

Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop. But the major trend is down and the intermediate trend is down. Gold will meet heavy resistance at 1,200.

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And the view from the weekly chart for gold
Weekly chart for gold showing the intermediate downtrend with support and resistance levels.

Gold 3-Year Weekly Chart

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Long uphill road ahead for the gold miners
Chart showing the pop in the gold miners.

GDX Weekly Chart

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Shorts covered today but will be back
DZZ PowerShares  double short for gold.

DZZ PowerShares DB Gold Double Short ETN Daily Chart

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“Keep it Simple!”

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.