ETFS WTI CRUDE OIL Major Trend remains DOWN but it maybe poised to breakout 2-year channel. A channel breakout would catapult it to $14.
Look at Slow Stochastics. They have been giving good signals recently (purple arrow, top indicator). We are also on the bottom of the trendline. I see an opportunity for long here. If you want to be more careful, perhaps, wait for the relative vigor index signal to complete (bottom indicator).
Possible Head and Shoulder setup. Declining volume from LS, waiting for a medium/high volume break of the neckline. Target 4.50 - 3.70
Platinum has lost its shine for some time now. This LPLA ETF seems cheap to me.
Wait for confirmation of resistance from the upper trend line before the price heads down again. This is supported by the high RSI level. Like the idea if you agree and subscribe for more tips like this.
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Going long...Time frame...weeks maybe months.
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Following yesterdays crazy unwind which is now already reversing chart reveals correction stopped at exactly .618 of 3rd wave up. I see that as healthy. We now start 5th impulsive wave up. Comments are on the chart.
Incredible bull run of last few days has to correct which is what it has started to do. Sep 19th futures contracts may put a little bearish pressure. Then anticipation of Carbon FWD annual conference will move prices up again prior to correction when Germany indicates in late Oct what they intend to do regarding Coal power station abatement. Then final push up...
Higher American tax for alu-import Europe, possible fall ...