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Uptrend continues for copper after breakout at 2.80
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Category Archives: Commodities
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
Breakout for gold above 1260
I identified the shooting star candlestick in the chart. It indicates a yellow light for the uptrend. Caution is advised if you are trading the near-term uptrend. There could be a test back to 1260 which would be normal. If you are trading the intermediate uptrend, I would hold the position unless there is a break below support around 1260.
Gold 7-Month Candlestick Chart
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“Technical Analysis is about putting the probabilities on your side.”
Note: 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 stocks or indexes.
© 2017 TradeOnline.ca
West Texas Intermediate will test major resistance at $55
WTI 8-Month Daily Candlestick Chart
Reference my last post for West Texas Intermediate when it held support near $47.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note: 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 stocks or indexes.
© 2017 TradeOnline.ca
Intermediate uptrend for gold with resistance at 1260
Gold 6-Month Daily Chart
Reference the last chart analysis for gold when it closed above resistance of 1220 back in February.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
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.
© 2017 TradeOnline.ca
Have a great trading day. Any questions? Email [email protected]
West Texas Intermediate finds support around $47
WTI closed above the 200-day moving average today
WTIC Daily Candlestick Chart
Reference the last chart analysis for WTI.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
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.
© 2017 TradeOnline.ca
Have a great trading day. Any questions? Email [email protected]
WTI is attempting to hold support near $48
Major trend is up, intermediate trend is sideways and the near-term trend is down
______________________________
“Technical Analysis is about putting the probabilities on your side.”
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.
© 2017 TradeOnline.ca
Have a great trading day. Any questions? Email [email protected]
Coal and natural gas as an electricity source
The following article and chart was published in the National post. This is an excellent article. Where is the price of thermal coal and natural gas headed for 2017?
http://business.financialpost.com/news/energy/coal-is-in-decline-and-it-looks-like-not-even-donald-trump-can-pull-the-industrys-long-term-future-out-of-the-fire
______________________________
“Technical Analysis is about putting the probabilities on your side.”
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.
© 2017 TradeOnline.ca
Have a great trading day. Any questions? Email [email protected]