The long “sideways saga” of crude oil is over. That’s the idea behind our chart of the week. In late 2008, we told readers to load up on crude oil bets almost on the exact day the stuff bottomed around $35 per barrel. Oil was extremely cheap relative to gold back then. On cue,...
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...The picture above is a basic outline of the broadening top formation as described by John J. Murphy in his book, “Technical Analysis of the Futures Markets,”(pp. 150-152) published in 1986....
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...So far this week has been pretty slow. Large cap stocks continue to lag the market which can be observed by looking at the Dow Jones Industrial Average which still has room to move higher before breaking the January high...
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The GKX is Goldman Sachs' Ag price index.....
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Since this panic selling low in February 2010 we have seen stocks and commodities work their way higher, which we expected. Overall the broad market looks as though it’s trying to make a move higher.....
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Daryl Guppy is the resident chart expert for CNBC Asia. In this clip he analyzes Oil and then Gold....
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We now have a situation where copper is set up for a classic Vic Sperandeo 1-2-3 trend change, just like the euro experienced in December.....
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This chart is from sentimentrader.com. They track the flows in and out of various Rydex funds. Below we see a.....
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A strong weekly and monthly close above $80 would imply that the market is going to $90 and that of course raises the possibility of a test of triple digits.
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We can see that Wheat has been trying to bottom for more than a year. Currently the market is slowly emerging from a potential higher low.
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