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Gold, Oil & the SPX Trends and Setups

Over the past year my long term trends and outlooks have not changed for gold, oil or the SP500. Though there has been a lot of sideways price action to keep everyone one their toes and focused on the short term charts. As we all know if the market does not shake you out, it [...]

Energy Stocks & Oil Special Trend Analysis Report

Crude oil has been trading ways for the past year between the 2011 high and low. The trading range through 2012 has been contracting with a series of lower highs and higher lows. This pennant formation because it is taking place after an uptrend is a bullish pattern with $110 and possibly even $140+ per [...]

Weekly Metals, Oil, Dollar and Index Price Analysis

US stock market is closed today for Martin Luther King, Jr. Day. I do not expect much price action to take place on the Canadian or futures market today. Pre-Market Analysis Points: – Dollar index is giving mixed signals this week. Short term chart looks bullish for another couple of days but overall it is [...]

The Weekly Technical Take

Dollar index 4 hour chart is forming a bear flag. Until the lower blue support line is broken the flag will continue higher. Crude oil has a big pop yesterday as it continues up its support trend line. It looks as though it may take a run at the $100 per barrel level over the [...]

The Technical Traders Morning Charts

Good Morning, Yesterday’s trading session played out exactly as posted in the morning chart update. Today will be a different story from the looks of it as the dollar index looks to be putting in a bottom and that has the SP500 down 0.40% this morning. It may trigger our first entry point to let [...]

Energy Sector Storm Brewing – Oil & Gas Stocks

Chris Vermeulen – www.TheGoldAndOilGuy.com Oil and gas along with their equities have been underperforming for the most part of 2012 and they are still under heavy selling pressure. I watch the oil futures chart very closely for price and volume action. And the one thing that is clear for oil is that big sellers are [...]

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