Category Archives: Commodities

Major breakout for natural gas

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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“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

Intermediate downtrend for WTI

West Texas Intermediate broke near-term support around $65. It is trading below the 200 day simple moving average and the next major test is around $55 to $57.50.

West Texas Intermediate weekly three-year chart showing the intermediate downtrend.

Reference the last chart analysis for WTI.

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“Technical Analysis is not TV blabber”
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

Near-term downtrend for WTI

Trading below 200-day and testing major support around 64 to 65

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“Technical Analysis is not TV blabber”
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

Dr. Copper is predicting a rough ride for the stock market

Traders will closely monitor the major support zone around $2.60

Intermediate downtrend for copper and near major support of $2.60.

______________________________

“Technical Analysis is not TV blabber”
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

Ouch! Monthly average WCS discount to WTI

WCS discount to WTI

http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

______________________________

“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 trend for natural gas is sideways

Major resistance is around $3.00 and major support is around $2.50

______________________________

“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

Major uptrend for West Texas Intermediate

High probability for another test around $75.00

Chart for WTI showing major uptrend,.

Reference my last chart analysis for WTI.

______________________________

“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

CRB Index 4-year chart

In a report in June, the World Bank calculated that almost all the growth in the past 20 years in global metal consumption, two-thirds of the increase in energy demand and two-fifths of the rise in food consumption came from seven countries: Brazil, China, India, Indonesia, Mexico, Russia and Turkey.

CRB Index 4-year chart

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Here is a longer-term view from 2006

CRB Index chart for the period 2006 to 2018

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The following is an excellent article in The Economist:

https://www.economist.com/finance-and-economics/2018/08/25/global-unease-from-commerce-to-currencies-rattles-raw-materials

Reference the following background information on the CRB Index:

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

______________________________

“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