mrtommifunn

mrtommifunn Updated 

While i believe oil is going to make an impulse anytime time now i think there is a lower low to come. Once i see signs of the bottom im looking to buy.

mrtommifunn

Bullish rectangle in a bull market. silver is long

mrtommifunn Updated 

I haven't got much to comment really but gold is in a bull market (do i need to repeat that?) This means to cut to the chase if you are shorting you are gambling and if you are long then you need good money management and patience. It will then pay off. Sorry to be blunt but how else can i say it.

mrtommifunn

I'm short this week on this pair. The reasons are that i see the dollar gaining strength this week and the GBP is still in a long consolidation and will remain so until article 51 is signed.

mrtommifunn

This week i see the dollar as long. This ways up nicely with gold as i see that as a short.

mrtommifunn

I see gold as staying in a consolidation for a little while longer yet and even dropping down to low 1300's. From this point it should make a break for higher lows and go to 1400. I'm not trad a short as the trend is up and i will wait for the low to come in.

mrtommifunn

All energy stocks are on the up with most already having bottomed. The UNG fund follows the ngas and the UNG physically cannot go any lower. This is a no Stop loss trade .

mrtommifunn

I think this pair will now be consolidating until article 51 leaving of Europe is signed. Then there will be a big drop to the bottom. From this point the GBP should really rally.

mrtommifunn

Ngas like all other energies are in the up trend. Currently this is going to consolidate and test a low (B), before resuming its upward trend.

mrtommifunn

Not much to say really except the pattern shows a clear sell.

mrtommifunn

I don't normally trade this , but i could not resist putting a short on this as the potential reward is HUGE!!. With the risk so small.

mrtommifunn

Looking for oil to drop here. re consolidate then continue its long to $45 plus

mrtommifunn

Gold seems to be in a consolidation here and may be here for a while. It does seem to be forming a nice descending triangle. With gold in a bull trend this should break out to the upside.

mrtommifunn

While gold is in a bull trend i believe that we could be seeing a drop back to late 1270s before we resume the climb back up to 1400. Very short term 1 hr we will see a rise back up to 1357.

mrtommifunn

Gold is in a bull trend but could 1372 be the coming target before a correction comes? Then the bull trend will resume to over 1400.

mrtommifunn

Confirmation for the dollar weakness can be seen in the commodities rising eg Gold. I do expect a pull back on the MA as it won't let go too easily but once gone it will slip down nicely. The last FOMC meeting showed the dollar weakness and the country addiction to QE.

mrtommifunn

Head and shoulders pattern . As with all commodities rising oil is normally the slower one to catch up. I would not short this market. Need to start looking for some good entry points to run with this bull back into the autumn.

mrtommifunn

On a longer term for silver this is looking bullish. Would be nice if it forms this nice coffee cup, with a good break out. Potentially a few pips to be made here.