OIL Potential Move
OIL has reached previous highs. Potential to drop back to previous lows and channel support. chart page
April 2016
TECHNICALS BEGINNING TO ALIGN WITH FUNDAMENTALS
TECHNICALS BEGINNING TO ALIGN WITH FUNDAMENTALS The Divergences are Becoming Too Many to be Sustained FALLING PROFITS ARE HURTING CASH FLOW; HURTING FLOWS It is now expected that 2016 Q1 earnings will be the biggest quarterly drop in US corporate profits since 2009. S&P Forward Earnings expectations have been steadily falling since mid 2014 and […]
OIL Up and Down potential
Weekly: OIL remains within the same down trend is has been in since the spring of 2014. Recent drop off appears curved and could be signaling a rounded bottom or ellipse pattern. IF ellipse pattern fails to hold then the next market levels can be seen around $25.00, $18.00, $14.00 and even potentially back to […]
GOLD WARNING!
MONTHLY: Long term monthly view shows a possible channel the market has been in since 2013 (purple). Technically this is a continuation pattern that says we should exit the channel expecting a move similar to what we saw enter it. Yellow highlights show this and the pattern suggests to watch for another sell off in […]
April Silver – Significant Move Potential After Consolidation
WEEKLY: Silver has reached the upper boundary of a long term channel (blue dashed). Last month we noted the potential for a lift to the $15.00 area – the market has surpassed this rising within a channel (solid blue). A break of either of these are what we are watching for the next move. […]
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