Monthly Archives: March 2018

Enbridge (ENB.TO) at major support zone and yielding 6.38%

Enbridge at major support and yielding 6.38%.

Enbridge (ENB.TO) Adjusted 3-Year Weekly chart

Our pipeline network transports 28% of the crude oil produced across North America, moving the energy that fuels quality of life…….

Enbridge operates the world’s longest crude oil and liquids transportation system. We’re also a North American leader in the gathering, transportation, processing and storage of natural gas, and we have an increasing involvement in power transmission

https://www.enbridge.com/

Enbridge Inc. Reports Fourth Quarter 2017 Results

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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

West Texas Intermediate at major resistance of $66.00

Leave a reply

Major trend is up, intermediate trend is up and near-term trend is up.

West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as light because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange’s oil futures contracts.

https://en.wikipedia.org/wiki/West_Texas_Intermediate

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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 down 5.95% for the week

Leave a reply

S&P 500 down 5.95% for the week with an ominous shaven head and shaven bottom candlestick that is testing the 200-day moving average.

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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

Unemployment rate in Canada decreased to 5.8 percent in February

Leave a reply

https://tradingeconomics.com/canada/unemployment-rate

https://www.statcan.gc.ca/eng/start

______________________________

“Technical Analysis is about putting the probabilities on your side.”

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

Canadian housing starts

Leave a reply

Canadian seasonally adjusted housing starts increased to 229,700 units in February of 2018 from 215,300 in January, beating market expectations of 217,000. Urban starts increased 7.1 percent to 211,211 units; multiple urban starts rose 15 percent to 154,535 units while single-detached urban starts fell 9.8 percent to 56,676 units. Meanwhile, rural starts were estimated at a seasonally adjusted annual rate of 18,526 units. Housing Starts in Canada averaged 185.12 thousand from 1977 until 2018, reaching an all time high of 291.60 thousand in March of 1978 and a record low of 90.70 Thousand in August of 1982.