Long dark shaven head and body candlestick is an ominous sign for the S&P 500 Index. The bear will bite!

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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

Fibonacci retracement lines for the S&P 500

Can the 50% retracement hold before the bear bites?

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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

Intermediate downtrend for West Texas Intermediate

WTI will test major support around $42

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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

Major downtrend for Canadian dollar

I identified the major support zone. A breakdown at this zone could see a test around $0.6800

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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

Western Canadian Select closed at $33.43 USD/bbl on Dec 11, 2018

WCS discount to WTI was $18.22 USD/bbl on Dec 11, 2018

Oil Sands Magazine for a live chart

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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

Another major test for the TSX Index

Major test for TSX Index

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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

Western Canadian Select (WCS) trading at $22.43 USD/bbl

WCS was trading at a discount of $28.50 USD/bbl compared to WTI on November 30, 2018

Western Canadian Select pricing compared to West Texas Intermediate

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

FAANG Hangover

This chart is from a timely article in Barron’s

FAANG performance form the beginning of the year

https://www.barrons.com/articles/facebook-apple-amazon-netflix-google-which-tech-stocks-to-buy-now-1543021775

https://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