ShirokiHeishi

ShirokiHeishi

Waiting for the snow to hit I am reminded of a longer term view of the oil market and what it means for the other seemingly unrelated markets such as the bonds, gold miners. The money has to go somewhere. Right? Without judging the implications of a hotter planet and all that entails, we are going to continue to use fossil fuels be it here (America) or...

ShirokiHeishi

This is the end of a weekly corrective structure. A close above this zone is a buy for me. There are too many fibs to list...look at the zone on top of a bullish bat. Stop loss is a bit wide @113.08, but the best entry would have been 115.55 after the last of the fib zone was tested The ultimate upside target is 148. I would take some profits off the table @...

ShirokiHeishi

long on any pullbacks to the trend line, otherwise I'll be shorting the pair on weakness in the outlined zone updates in the future Good Trading folks

ShirokiHeishi

Look for a reversal in this area. Not before July 3rd, and not below 1.5878 with a high likelihood of the reversal around July 23 @ 1.5941, but no later than August 5th and no higher than 1.5980. For now I am looking to add to positions on pullbacks until the target zone. Then I will be short for the long haul. I will update this campaign as it unfolds.

ShirokiHeishi

After a few weeks running up from oversold, XES has run into its 20 WK MA (weekly chart); XES seems ready for a mean reversion play. I would consider a short trade if XES breaks below the trend-line and RSI(14) crosses below 70 (no longer overbought, but both must happen or it is a no go. The A/D oscillator shows a bearish divergence from the high on 2/9 and...

ShirokiHeishi

On balance volume confirms the trend, while Ease of Movement shows prices can move up easier on light (relative) volume. Those utilizing this methodology should go long when the MACD crosses its zero line, signifying strength in price action that mutually confirms volume action and vica-versa. Longs should use a 1 bar low trailing entry strategy until in the...