Posts Tagged ‘Commodities’

Mon 19 Aug

19 August 2013 - 12:36 pm UTC

MIB & IBEX indices, COPPER, PLATINUM choppy down legs
on daily chart commencing.

SPX choppy downtrend on daily chart continues.
CRUDE OIL downtrend on daily chart commencing.


Tues 30 July

30 July 2013 - 7:49 am UTC

See Wed 24 July.
Investors Be Careful:
Wile E Coyote collapse awaits…
As mentioned, CRUDE OIL retracing & more expected.

Mon Feb 20

20 February 2012 - 1:19 am UTC

SP500 weekly chart as of Fri Feb 17

Despite mixed signals, FX markets today suggest stock bearish.

Bearish influence from overextended SP500/DOW/NASDAQ remains.

Gold and Silver not participating in bounce today…

Greek hopium stockbulls battle it out with overextended SP500/DOW/NASDAQ.

Additional Greek hopium results in USDX weekly chart giving bearish warnings
again. Naturally this will be market significant for stocks etc and aggressive
short covering spikes may result – maybe up through 1370 ?

NZDUSD diamond pattern from last week confirmed and now morphs into
megaphone wedge.

USDJPY overbought intra day gives bearish warning.

Euro hopium factor aside, SP500 1,363 should be the top.
Europe/Greece remains an unknown variable.

CADJPY short 80.054
EURUSD long 1.3230 [c 1.3261]
USDJPY short 79.501 [c 79.550]
GBPAUD long 1.4743 [c 1.4745]
EURAUD long 1.2258

Sun Oct 3

3 October 2010 - 12:36 pm UTC

XAUSD monthly chart Fri Oct 1 inclusive shows a parabolic move
(or getting close to it) and these can reverse similar to how they
went up. It’s contained within what could be an expanding wedge
and if confirmed, volatile price action can result.

Sat Aug 14

14 August 2010 - 3:09 am UTC

XAUEUR / XAUAUD bullish daily chart continues.
Weekly chart is neutral.

Sat May 22

23 May 2010 - 11:47 pm UTC

On May 4th on my blog, I suggested the March 2009 bear market rally had ended.

DOW daily chart shows the ongoing technical damage from it’s broadening top (a very bearish pattern)

Importantly, the broadening top on the DOW weekly chart is nearing completion and I expect it to behave similar to the one on the daily chart. Since this broadening top is based on a weekly chart, it is more serious and will do more damage than the smaller one we had recently.

As mentioned before, the overextended rally from March 2009 had become increasingly unstable and the explosive move on the daily chart was the result. Unfortunately this instability and overextension also applies to larger time frames – hence my bearish views for some time now.

Global equity charts now indicate the major downtrend that commenced in early 2008 can now resume.

As stated earlier, key support around 10,000 will be breached and the target for this down leg around 8,150 will not hold either.

Long term charts of key equity indexes continue to give bearish warnings and the March 2009 lows will be breached according to my analysis. This week I will post a DOW monthly chart that I’ve been sitting on for years. Unfortunately it is extremely bearish.

COPPER/CRUDE OIL/AUDUSD daily charts remain bearish and weekly charts are bearish to neutral.

USD bullish warnings since 2009 on weekly and monthly charts have not changed so further USD strength and thus Euro and Aussie weakness is expected.

Fri May 21

21 May 2010 - 5:08 pm UTC

XAUUSD and XAUEUR daily chart bearish signal continues.

Trends I like:

Thurs May 20

20 May 2010 - 7:03 pm UTC

Have posted a weekly chart of the USD Index. It’s a bullish pattern and is the reverse of the EURUSD weekly chart. Since mid 2009 I have warned of an impending USD rally and it should be a multi year uptrend according to my indicators.  So the EURUSD outlook remains very bearish.

Wed May 19

19 May 2010 - 6:30 pm UTC

EURAUD daily chart gives bullish warning.   Weekly chart remains bearish.

That EURUSD buying support has returned …  Because the market can move real quick these days, check out my twitter posts for shorter term comments.

Tues May 18

18 May 2010 - 3:34 pm UTC

EURUSD / EURJPY continues to get buying support.

EURGBP daily chart gives mild bullish warnings.