Author Archives: Trader

WTI resistance at the 200-day moving average

Near-term uptrend with resistance at 42 and support at 40. But, the major trend is down as represented by the 200-day moving average. A break below 40 would indicate a test at 39.  A break below 39 indicates a major test at 35. Reference the link below the chart.

West Texas Intermediate 6-Month Daily Chart

West Texas Intermediate 6-Month Daily Chart

Reference my post from March 15, 2016 for the support levels below 40.

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Near-term uptrend for copper meeting resistance at 2.30

Daily chart for copper showing the doji on Friday and the lateral trading zone

Copper Daily Chart

Copper Daily Chart

______________________________

Weekly chart for copper showing the 2.30 resistance zone near the 40-week sma

Copper 3-Year Weekly Chart

Copper 3-Year Weekly Chart

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

TSX Index meeting resistance at 13,500

Near-term uptrend meeting resistance at 13,500 which is at the 40-week (200-day) moving average. The doji candlestick is a graphical representation of the battle between the bulls and the bears.

TSX Index 3-Year Chart showing resistance at 13,500

TSX Index 3-Year Chart

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

Strong day for the Canadian dollar courtesy of the Fed

Dovish Fed = lower interest rates + lower U.S. dollar +  higher commodities = Higher Canadian dollar

Canadian Dollar 6-Month Daily Chart

Canadian Dollar 6-Month Daily Chart

Reference the last post for the Canadian dollar. published on march 9, 2016

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

S&P 500 closes above the 200-day moving average

I have identified the resistance zone of 2080 to 2100. Volume is ok and the momentum indicators are confirming the near-term uptrend. S&P 500 is trading above the 200-day moving average.

S&P 500 6-Month Daily Chart showing break above the 200-day simple moving average.

S&P 500 6-Month Daily Chart

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

West Texas Intermediate daily chart – 35 is major support

The near-term uptrend for WTI failed at 39 so this is the current reference point for the resistance level. WTI dropped 1.74% today to close at 36.72. The 36 level is a tentative support level that would trigger sell orders if crude breaks below this point. But, the major support level is 35. A Break below 35 would trigger heavy selling and a test of the February lows would come into play.

West Texas Intermediate 5-Month Daily Chart showing major support at 35

West Texas Intermediate 5-Month Daily Chart

Reference my chart analysis for WTI on March 2, 2016 when 35 was major resistance for the near-term uptrend. Because of the reversal of roles, 35 is now major support.

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

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

5-year chart for copper showing the major downtrend

Dr. Copper: Nice ski hill, what does this chart tell us about the prognosis for the world economy?

Copper five year chart showing the major downtrend

 

Reference the last chart analysis for copper published on March 7, 2016.

Reference the last chart analysis for Teck Resources published on March 6, 2016.

______________________________

“Technical Analysis is 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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background

YTD: Utilities is the leading sector in the S&P 500

S&P 500 Sector Performance

S&P 500 Sector Performance

______________________________

“If you dither, you lose”

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.

© 2016 TradeOnline.ca

Positive SSL on a transparent background