Category Archives: Other Topics

West Texas Intermediate 2-year chart

40-Week (200-Day) moving average defines the major downtrend and major resistance

West Texas Intermediate 2-Year Weekly chart

West Texas Intermediate 2-Year Weekly chart

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“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.

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German DAX 5-Year Chart

What are the three trends for the German DAX?

German DAX 5-Year Chart

German DAX 5-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

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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

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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

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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

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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

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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

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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

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