Stopping volume on the daily oil chart
The WTI futures contract for oil and the April contract is delivering some interesting price action on the daily chart, and one on which VPA […]
February 2020
The anomaly of gold
Some curious anomalies at present and none more so than for gold. With markets plunging with ever-increasing momentum one would expect to see gold rising […]
The only question……….which trades to take!!
An extraordinary day as the markets moved sharply lower, driven by fears of the virus now spreading globally, and with the ‘p’ word now front […]
Great two way price action at the London open
A great session with excellent two-way price action. Overnight and into the London session it was the Japanese yen that was under pressure and as […]
Silver bathes in gold’s glory
A prescient post on Monday when I suggested silver would be relying on gold for a breakaway from the current congestion, and with gold surging […]
Reasons to be cheerful for gold bugs
Terrific to see gold performing so strongly after my analysis at the start of the week where I suggested gold remains bullish, and the $1600 […]
US indices set for further gains
With a quiet day ahead for the Presidents Day holiday, US indices are likely to remain thinly traded, which has been the case on Globex […]
Oil developing in congestion and preparing to move higher
Next a look at oil, and again from my post of last week this is what I suggested on the daily chart: Note the high […]
Silver relying on a move from gold
As we would expect, silver and gold correlate relatively closely, and with gold pushing higher, the industrial metal is doing its best to follow suit, […]
Gold to continue to remain bullish
As we start a new trading week, time to check in on some of my favourite markets, and starting with gold, and to take a […]
Check out the candles for direction on gold
Gold continues to remain rangebound on the daily chart, but it is perhaps the weekly chart which is more revealing, and as I mentioned in […]
A nice volume price analysis lesson from ABBV
An interesting VPA lesson on the daily chart for ABBV and a stock I was trading with options, but have since closed the position. The […]
The euro bears are growling
The shambles that is Europe is currently reflected in the euro which continues to plumb new depths on the weekly chart, as each weak attempt […]
Silver remains weighed down
The selling which was evident for both gold and silver on the 8th January has had a more profound and longer term impact on the […]
They all laughed:-)
Remember the words from the song, ‘Everybody laughed at Christopher Columbus when he said the world was round’, the same sentiment could apply to my […]
Stopping volume on the weekly oil chart
In my last post for oil I wrote the following: So where next for oil? Another key level awaits below at $55 per barrel and […]