WTI will test major support around $42
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Intermediate downtrend for West Texas Intermediate
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Author Archives: Trader
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
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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 (WCS) trading at $22.43 USD/bbl
WCS was trading at a discount of $28.50 USD/bbl compared to WTI on November 30, 2018
https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices
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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
FAANG Hangover
This chart is from a timely article in Barron’s
https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices
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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
S&P 500 Index has suffered serious technical damage
The view on the weekly chart shows the index trading below the 40-week moving average. RSI and MACD are both confirming the bearish sentiment. It will test 2550 to 2600 support zone.
Reference a previous post as the S&P 500 was attempting to hold the 40-week moving average.
______________________________
“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 breakout for natural gas
Reference my last chart analysis for natural gas when the major and intermediate trends were sideways
https://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices
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