October Crude oil recently traded above $112/barrel but as of this post futures are trading $5 under that level below its 8 day MA (orange line). I often use the 8 day MA and 18 day MA as key pivot points when navigating the energy sector and as one can see on the chart below […]
I want to revisit the topic of the US dollar as I do feel an interim bottom was established in recent weeks and it appears we will see a rebound in the immediate future. I’ve been calling for this for several weeks but we only got confirmation this week with a close above the 20 […]
Since bottoming on 6/28 silver futures have appreciated 37% and this happened in two months time. Whenever a commodity moves that much whether it is higher or lower it should be recognized as that velocity is not sustainable. Futures are running into resistance at the 38.2% Fibonacci level just under $25/ounce. One should notice that […]
In the last three weeks Crude oil prices have risen better than $10/barrel trading within $1 of two month highs albeit very briefly Sunday evening. The failed spike higher in recent session can be attributed to unrest in the Middle East. As attention turned towards potential conflicts on Israeli airstrikes in Syria over the weekend… […]
