Tag "chart analysis"

WTI Crude Oil Trading Outlook Turns Bearish

After poking its head above the $50 level for the first time since May, West Texas Crude Oil (WTI) is backing off a bit. Is there more downside ahead? Currently, Crude Oil is oscillating near its 200-day average, and I am looking for a top in and around this area….

Cryptocurrency Craze: 3 Reasons Bitcoin Is Rallying

This post was written a couple weeks ago for my premium service. I think it has some interesting trading insights so I’m sharing here as well.  Note that there are 2 updated trading charts at the bottom of the post. While the Bitcoin craze means nothing to us, the chart…

Crude Oil Likely To Rally Before Heading Lower Once More

Where Is Crude Oil Headed? West Texas Crude Oil (WTI) is currently sitting near $47.85/barrel, and continues to waffle around its 200-day average near $48.75.  I took some profits on my “short” crude oil position (via the short crude oil ETF, NYSEARCA:SCO) as I’m still looking for a bounce toward…

Bond Market Sentiment Slides On Outlook Concerns

This article looks at a unique market indicator that we’ve put together on the bond market. It provides a nice gauge of expectations for bonds in 2017 and beyond. It is designed to capture Bond Market sentiment and it does a fairly good job of flagging short-to-medium term turning points in…

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…