Category Archives: Technical Analysis
Emerging Chart Pattern Could Send Gold To $2,124
The gold chart has formed a potentially bullish giant symmetrical triangle pattern that could send the yellow metal to a new all-time high of $2,124 an ounce. The symmetrical triangle pattern This type if chart pattern is typically formed after … Continue reading
Trading Opportunity: Corn ETF Setting Up For Sharp Rise
The popular corn ETF [CORN] that trades on the NYSE has formed a potentially bullish symmetrical triangle pattern which presents an interesting potential trading opportunity. A symmetrical triangle pattern is typically formed after a big move up or down, when … Continue reading
Potential Trade: Long USD, Short JPY
Following on from yesterday’s article on the problems faced by Japan, today I want to talk about profiting from a possible decline in the Japanese currency. As the chart below shows, since April 2009 the US Dollar has been in … Continue reading
Trading Opportunity: Mexican Silver Miner Poised For 50% Rise
Mexican silver miner, Endeavour Silver (NYSE: EXK, TSX: EDR), has traced out a multi-week symmetrical triangle pattern, something which is potentially very bullish and could lead to a 50% rise in the stock. A symmetrical triangle pattern is typically formed … Continue reading
Silver ETF SLV Looks Set For Another Major Move Up
The popular silver ETF SLV looks to be poised for a major move higher. SLV has already risen 34% since the end of December 2011 following the precious metal higher on strong demand and tight supply. As the chart below … Continue reading
How Much Higher Will The Dow Go?
The Dow Jones Industrial Average is up 5.9% already this year and it has hardly paused for breath. The question is, how much higher will it go? The Trend Is Your Friend Market participants, particularly those adopting a trend following … Continue reading
Get Ready For A Sugar High
Sugar prices nearly tripled between May 2011 ($0.13 a pound) and 2 February 2012 ($0.36 per pound). Since then sugar has entered a potentially bullish consolidation pattern, and the fundamental supply and demand picture also looks positive. The combination of … Continue reading
Trading Update: Potash, Corn & Sony
Potash As the chart below shows, the Potash trade I first identified back on 12 January peaked out at $48, just shy of my $49-50 target. Fortunately those that took my advice and tightened up their stop losses back on … Continue reading
Potash Trade Update: Time To Tighten Up Those Stops
On Thursday 12 January I wrote about a potential trading opportunity that was setting up for the Canadian fertiliser producer, Potash Corporation. The stock had formed a bullish Inverse Head and Shoulders pattern which it subsequently broke out of. Since … Continue reading
Gold Could Be Forming A Potentially Bullish ‘Triple Bottom’ Chart Pattern
Gold has been in a downtrend since September last year when it reached an all-time high of $1,923.70 an ounce, however this bearish trend could be about to reverse. The yellow metal is forming what’s known as a Triple Bottom … Continue reading →