Tag "chart analysis"

Crude Oil Technical Update: Market Bulls Face Hurdles

There’s been very little change in the outlook for crude oil over the past week. Fundamental and technical hurdles remain but from a price perspective, traders are awaiting a major “break” in either direction. Crude Oil Technical Picture West Texas crude oil (WTI) is trading just above $53 per barrel, as it…

Stock Market Futures Trading Outlook For February 10

S&P 500 Futures Considerations For February 10, 2017 Tax reform news kept markets higher yesterday, and overnight gains in Europe and Asia are allowing for more gains this morning.  Buying breakouts is still not the best bet for risk versus reward, but buying pullbacks has been golden.  As with yesterday,…

Commodities Speculative Positioning At 10 Year High

The below chart shows average speculative futures positioning (standardized against open interest*) across 15 different commodities – giving effectively an asset class view for commodities. The main takeaway is that speculators are the most net-long commodities they’ve been in more than 10 years. Commodity speculative positioning (futures) at a 10…

German Bunds, US Treasuries: Yields Approaching Support

The bonds complex may be setting up for a near-term reversal of sorts. The charts below show the potential for a near-term low in yields and possible ensuing move higher. Let’s look at German Bunds and US Treasuries. GERMAN BUND YIELDS I suspect that the combination of both TD buy…

Is Crude Oil Breaking Down? Here’s What I’m Watching

Crude oil has gone nowhere over the past 10 weeks. We’ve been discussing the potential for a breakout trade in our market recap videos for the past several weeks as we’ve seen it coil up and trade in between this $52 to $54 range. Yesterday, we finally saw some range expansion to the downside as we broke…

Gold To Silver Ratio At Critical Juncture Historically

One chart that provides a good indicator for precious metals followers is the Gold to Silver ratio. Below is a chart looking at the ratio over the past 3 decades.  It uses the ratio of Gold prices via GLD (NYSEARCA:GLD) and Silver prices via SLV (NYSEARCA:SLV). Note that when the…

Weekly Crude Oil Update And Energy Sector Outlook

This post was written by Derek Benedet of Richardson GMP. And it never failed that during the dry years the people forgot about the rich years, and during the wet years they lost all memory of the dry years. – John Steinbeck, East of Eden This quote reminded me of…

S&P 500 Futures Trading Outlook For January 25

Stock Market Futures Trading Considerations For January 25, 2017 The “waiting” state broke yesterday with the confirmed test above 2269.75.  And this morning the S&P 500 (INDEXSP:.INX) is in expansion. I notice that even in the state of a heavy negative media slant, the charts continue to rise. It has been…

Natural Gas Futures: Bearish Signals Show Up On Weekly Chart

Natural Gas prices are seeing rather dramatic volatility from one weather model run to another in recent weeks. Rather than trying to figure out what each weather model says fundamentally about Natural Gas Futures, sometimes it is best to go straight to the charts and see what price action is…