StockCharts.com | Commodities Countdown
0 FOLLOWERS
The StockCharts mission is to provide the highest-quality financial charts and analysis tools on the web in order to help empower individual investors and provide them with the resources they need to succeed in the market.
StockCharts.com | Commodities Countdown
5y ago
Commodities kicked off a parade of signals this week. After months of beating up buyers, the charts kicked off some significant oversold reversal signals. Going through the charts, a theme of reversals emerged. Crude Oil moved above the 50 day moving average last week ..read more
StockCharts.com | Commodities Countdown
5y ago
Commodities continue to weaken again this week. Whether it was Copper or Aluminum, Natural Gas or Gasoline, it was another tough week for the commodity arena. The $CRB closed below the midpoint on the week and reversed the two week counter trend rally ..read more
StockCharts.com | Commodities Countdown
5y ago
Commodities wiggled this week. It wasn't very exciting to watch but it still suggests paying attention. Crude oil closed above the 50 day moving average, but some corresponding ETF's didn't rally with oil ..read more
StockCharts.com | Commodities Countdown
5y ago
Breadth has improved considerably in the last 8 days. This has been a very important change. While some analysts have been bullish throughout the months of July and August, I was very concerned with the lack of new highs and the weakness in the Advance Decline lines ..read more
StockCharts.com | Commodities Countdown
5y ago
It seems like most weeks I start this article with a discussion of the dollar. This week will be no exception. The Dollar subtly broke above resistance. Actually, no, that is not what happened ..read more
StockCharts.com | Commodities Countdown
5y ago
Most of the commodities traded within their range of the last month. Wheat and corn were the exceptions. The $USD pushed to its highest weekly close but still trading in the range around 95. The energy markets all traded below their 50 day moving average to close out the week ..read more
StockCharts.com | Commodities Countdown
5y ago
With the rest of the world doing pretty well, the North American market struggled for the week. The $SPX was up slightly but the Nasdaq and the Russell were down. The Canadian market was also lower ..read more