Author Archives: Trader

Thomson Reuters/Jefferies CRB Index

Long-term downtrend for the CRB Index

Major downtrend for Reuters Jefferies CRB Index

It currently is made up of 19 commodities as quoted on the NYMEX, CBOT, LME, CME and COMEX exchanges. These are sorted into 4 groups, each with different weightings. These groups are:

  • Petroleum based products (based on their importance to global trade, always make up 33% of the weightings)
  • Liquid assets
  • Highly liquid assets
  • Diverse commodities.

The index comprises 19 commodities: Aluminum, Cocoa, Coffee, Copper, Corn, Cotton, Crude Oil, Gold, Heating Oil, Lean Hogs, Live Cattle, Natural Gas, Nickel, Orange Juice, Silver, Soybeans, Sugar, Unleaded Gas and Wheat. The tenth revision of the index renamed it the Thomson Reuters/Core Commodity CRB Index, or TR/CC CRB.

https://en.wikipedia.org/wiki/Thomson_Reuters/Jefferies_CRB_Index

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“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.
© 2017 TradeOnline.ca

Major support for the TSX Index is 15,250

Major support for the TSX Index is 15,250.

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“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.
© 2017 TradeOnline.ca

Intermediate downtrend for copper

Intermediate downtrend for copper.

Copper 1-Year Line chart

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“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.
© 2017 TradeOnline.ca

GE testing the major support zone around $28

GE 3-Year Weekly Candlestick Chart

https://www.ge.com/investor-relations/overview

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“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.
© 2017 TradeOnline.ca

Volatility Index (VIX) at an extreme low of 9.77

Is this the calm before the storm?

VIX at an extreme low of 9.77

6-Year VIX Chart

http://www.investopedia.com/terms/v/vix.asp

______________________________

“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.
© 2017 TradeOnline.ca

S&P 500 YTD Sector Performance

The winner is the technology sector which is up +14.11% ytd

S&P 500 YTD Sector Performance

S&P 500 YTD Sector Performance

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“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.
© 2017 TradeOnline.ca

French CAC 40 Index monthly chart (1991-2017)

French CAC 40 Index showing the breakout on Friday.

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“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.
© 2017 TradeOnline.ca

West texas Intermediate plunges 4.81% through $47 support

There is some support around $45 but the near-term downtrend will test major support around $43

West Texas Intermediate 8-Month Daily Chart

West Texas Intermediate 8-Month Daily Chart

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“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.
© 2017 TradeOnline.ca