Monthly Archives: December 2014

TSX Index chart showing Fibonacci retracement points

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Major support zone for the TSX Index
TSX Index Fibonacci retracement points. Must hold this major support zone or there could be a test of the June, 2013 low.

TSX Index 3-Year Weekly Chart

TSX Index Fibonacci retracement points. Must hold this major support zone or there could be a test of the June, 2013 low.

Reference the last chart analysis for the TSX Index.

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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

Gold 3-Year weekly chart

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Maybe a breakout for gold above resistance of 1200
Gold weekly chart showing a breakout at 1200

Gold 3-Year Weekly Chart

Reference the last chart analysis for gold.

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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

Where is the bottom for WTI and Brent?

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DOWN – that describes the intermediate and near-term trends

One year daily line chart for WTI and Brent showing the intermediate downtrend.

Reference the last chart analysis for Brent.

Oil prices drop to 5-year low of $68 as Saudi Arabia ramps up war for market share

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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

TSX Index daily chart analysis

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Negative technical profile for the TSX with support at 14,400
Daily chart for the TSX Index showing the near-term downtrend and support at 14,400

TSX Index Daily Chart

Reference the last chart analysis for the TSX Index.

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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

Brent found tentative support at 70 as the shorts covered

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But, the intermediate trend for Brent is down
Intermediate trend is down for Brend Crude with tentative support at 70

Brent 6-Month Daily Chart

There is a high probability Brent Crude will test 70 again. Is 70 the end of the long slide? Reference my chart published on November 28, 2014: Brent Crude Oil chart analysis – $60? $40?

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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

WestJet (WJA) candlestick chart

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Tentative breakout for WestJet at 33. Target price 35 to 36
Tentative breakout for WestJet at 33 with a target price of 35 to 36.

WestJet (WJA) 6-Month Daily Chart

Until WestJet holds for a couple of days above 33, I class the breakout as tentative. If it holds, we have a new support reference point. The reversal of roles from resistance to support is a important concept in technical analysis.

Reference my last chart analysis for WestJet published on October 23, 2014.

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A view from the weekly chart showing the major uptrend for WestJet
Weekly chart for WestJet showing the major uptrend.

WestJet 3-Year Weekly Chart

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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