Author Archives: Trader

West Texas Intermediate tested major support last week

WTI crude tested major support last week as indicated by the doji on the weekly candlestick chart. The doji is not a reliable indicator for calling bottoms because it represents ambivalence and a market can fall from its own weight. But, it did occur at a major support zone and this gives it more credence. I will look for a morning star formation as confirmation of a trend reversal at this significant support zone.

This weekly chart for WTI shows a test at major support around $42.50.  The doji candlestick is the graphical representation of the test.  Confirmation of a bottom is need with a morning star formation.

Reference my last chart analysis for West Texas Intermediate.

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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 InvestOnline.ca

West Texas Intermediate down 45% from October high and at major support

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”Technical Analysis is about identifying trends”

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 InvestOnline.ca

Long dark shaven head and body candlestick is an ominous sign for the S&P 500 Index. The bear will bite!

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“Technical Analysis is about identifying trends”
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

Fibonacci retracement lines for the S&P 500

Can the 50% retracement hold before the bear bites?

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“Technical Analysis is about identifying trends”
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

Intermediate downtrend for West Texas Intermediate

WTI will test major support around $42

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“Technical Analysis is about identifying trends”
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

Major downtrend for Canadian dollar

I identified the major support zone. A breakdown at this zone could see a test around $0.6800

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“Technical Analysis is about identifying trends”
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

Western Canadian Select closed at $33.43 USD/bbl on Dec 11, 2018

WCS discount to WTI was $18.22 USD/bbl on Dec 11, 2018

Oil Sands Magazine for a live chart

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“Technical Analysis is about identifying trends”
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

Another major test for the TSX Index

Major test for TSX Index

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“Technical Analysis is about identifying trends”
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