Perfectibilist

Perfectibilist

I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of...

Perfectibilist

I just wanted to take a moment to share this bit of insight. I'll try my best to be brief in my analysis. What you see is a continuous chart of Sugar futures. In my opinion, I'm thinking that there is a reversal in trend that is about to take place and here's why. The first thing that you may see is the downward slopping trend channel which began in October of...

Perfectibilist

I'm not one for bucking a major trend but I think that the recent action in the S&P deserves some attention. It doesn't take a genius to see that the S&P has been in an uptrend since the selling climax to begin the year. The most recent action, however, is cause for alarm. In Point #1, what you see are prices going above a previous level of resistance. Some...

Perfectibilist

A couple of weeks ago, I published an idea in which I was bearish on gold. However, gold has refused to fall. In fact, the dollar has fallen sharply and gold is acting as if it is being absorbed for a higher rise. Of course, I'd like to see gold take out 1375 before I get too bullish but as of now, this is no market to bearish of. Probably the best move for the...

Perfectibilist

Let us talk briefly about the EUR/USD. The thing to note about this pair is that it has respected every major level of support. Another interesting thing to consider is that this pair has also been pulling away from the bottom of it's minor trend channel which indicates that demand may be emerging. From analyzing the weekly and monthly charts, EUR/USD prices are...

Perfectibilist

The Dollar/Yen has been in a downtrend for quite some time. Many traders, myself included, believed that the dollar was headed up. But…when the supply line of the trend channel was reached, prices did just as expected — turn down. As we speak, we have a trading range taking place in the middle of the major trend channel, which I believe is a pullback before...

Perfectibilist

A couple of days ago, I spoke on a potential downward reversal in gold but have we just formed a double-top in silver also? From all appearances, we have done just that...which means that silver prices are likely headed down. We’ve reached the top of a 5-year trend channel, a reverse trend channel at that. In early July, prices also touched the top of a short-term...

Perfectibilist

Have we just formed a double-top in gold? From the looks of it, we have which means that gold prices are likely headed down. We've reached the top of the major trend channel and the last down wave had really large volume, suggesting that supply is entering the market. Today's trading session also had a wide price range, indicating ease of movement, and a close...