High probability for another test around $75.00
Reference my last chart analysis for WTI.
______________________________
Major uptrend for West Texas Intermediate
Leave a reply
Category Archives: Commodities
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.
______________________________
Here is a longer-term view from 2006
______________________________
The following is an excellent article in The Economist:
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
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
Gold at major support zone
______________________________
“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
Commodities’ returns for the first half of 2018
First Half of 2018 Performance for Commodity Groups
The following is an excellent article on commodities:
Investors Disappointed in First Half
______________________________
“Technical Analysis is about enjoying the ride and knowing the exit”
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
West Texas Intermediate testing major resistance
There is a high probability that WTI will break above the May high of $$72.90. It is in the cards!
West Texas Intermediate Daily Chart
Reference my last chart analysis for black gold.
______________________________
http://www.oilsandsmagazine.com/energy-statistics/world#consumption
______________________________
What are Natural Gas Liquids – NGL
______________________________
http://www.oilsandsmagazine.com/energy-statistics/world#consumption
______________________________
______________________________
______________________________
“Technical Analysis is about enjoying the ride and knowing the exit”
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 gold and will test $1250
______________________________
“Technical Analysis is about enjoying the ride and knowing the exit”
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
Lumber at a record high
______________________________