Category Archives: U.S. Indexes

Brent crude daily chart

Brent is still searching for a bottom!
Brent crude daily chart

Brent Crude Daily Chart

Reference the last chart analysis for Brent.

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“It is all 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.

© 2014 TradeOnline.ca

S&P 500 3-Year Weekly Chart

High probability S&P 500 will test major support of 1950
S&P 500 will test major support at the 200-Day moving average.

S&P 500 3-Year Weekly Chart

Major points from the above candlestick chart for the S&P 500 Index:

  • Major trend is up
  • Intermediate trend is up
  • Near-term trend is down
  • Tentative break below the 50 moving average
  • Tentative break below the support level of 2000
  • Major support is around 1950 which is the 200-day moving average
  • Next support zone is the October low

Bloomberg: Wildest Day in 2 Months for S&P 500 as Stock Swings Echo October

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“It is all 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.

© 2014 TradeOnline.ca

West Texas Intermediate (WTI) daily chart

WTI closes below 60 for the first time since 2009
WTI closes below 60!

WTI Daily Chart

Reference the last chart analysis for WTI.

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“It is all 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.

© 2014 TradeOnline.ca

Gold 3-Year weekly chart

Maybe a breakout for gold above resistance of 1200
Gold weekly chart showing a breakout at 1200

Gold 3-Year Weekly Chart

Reference the last chart analysis for gold.

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“It is all 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.

© 2014 TradeOnline.ca

Where is the bottom for WTI and Brent?

DOWN – that describes the intermediate and near-term trends

One year daily line chart for WTI and Brent showing the intermediate downtrend.

Reference the last chart analysis for Brent.

Oil prices drop to 5-year low of $68 as Saudi Arabia ramps up war for market share

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“It is all 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.

© 2014 TradeOnline.ca

Brent found tentative support at 70 as the shorts covered

But, the intermediate trend for Brent is down
Intermediate trend is down for Brend Crude with tentative support at 70

Brent 6-Month Daily Chart

There is a high probability Brent Crude will test 70 again. Is 70 the end of the long slide? Reference my chart published on November 28, 2014: Brent Crude Oil chart analysis – $60? $40?

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“It is all 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.

© 2014 TradeOnline.ca

Brent Crude Oil chart analysis – $60? $40?

Barring a major supply disruption, Brent is heading lower

Daily chart for Brent showing the reaction OPEC decision not to cut production

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Weekly chart for Brent

Weekly chart for Brent Crude Oil.

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Bloomberg chart predicting Brent at $60

Bloomberg chart-Oil Price Weakness Likely to Persist_2014-11-28

OPEC’s decision not to try and eliminate an oil-supply glut means the biggest crash in six years won’t stop until prices reach $60 a barrel, according to firms including Nomura Holdings Inc. and Deutsche Bank AG……………….

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“Keep it Simple!”

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.