Long Term Monthly View We have been watching this chart now for a while; and it appears to be following the technicals and HPTZ’s well. The market is once again back at significant support. Watching to see how the bounce develops. Potential for more down exists, room left on the W%R to drop. The red […]
Long Term Weekly: Pulling back and looking at Silver from a long term perspective we can see the market has dropped back to a significant trend line – the base for the large expanding wedge that has formed since 2004. Significant blue s/r zones have been highlighted (yellow) and these form a channel that has […]
Long Term Monthly: At this time the market has found resistance at the purple channel. A break through this could see the market lift to the UBB and the next blue trend s/r (purple HPTZ). There is also a real possibility (technically) that the market could be starting another drop down, taking it back to […]
Long term Monthly view still has gold within a large downward channel (purple). Break of channel could see the market lift to the UBB and blue s/r (purple HPTZ). Watching to see if channel holds or breaks. If it holds we could see another significant drop from gold as it makes it way back to […]
WEEKLY VIEW: Lift continues – 3 wave consolidation can be seen, watching to see of we can determine if it is a 3 wave correction, or the start of a 5 wave lift. Amount of pullback from recent lift will give us a clue. W%R is lifted indicating positive pressure and more lift potential at […]
OIL has reached previous highs. Potential to drop back to previous lows and channel support. chart page
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 […]
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 […]
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. […]
USDJPY has rolled over and dropped out of a lifting channel; currently at technicals that could provide support. Bouncing here could see a retest of black dashed channel resistance. Breaking down through the black dashed channel and current s/r zone could see further drop to $106.00. chart page