Right Side of the Chart

...because anything to the left is history

Gold & Commodities

The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…

Nov 242015

With UWTI currently trading at 7.55 in pre-market, an opening gap above both R1 & R2 is likely. If so, that will also trigger the bullish cross on the 13/33-ema that I was looking for. Therefore, unless this pre-market rally in crude is faded after the open, the odds for a move up to at least the 8.15 levels will increase substantially today.

UWTI 60-minute Nov 24th

UWTI 60-minute Nov 24th

 November 24, 2015 9:23 am  Active Trades - Long, Gold & Commodities, Long Setups Tagged with: , ,  4 Responses »
Nov 192015

The NUGT/GDX long trade has hit the bottom of the first target zone for about a 16% gain in about 2-hours of trading session time. Consider booking partial or full profits and/or raising your stops, according to your trading plan. While a reaction here is [continue reading…]