by Lara | Mar 13, 2017 | Copper, EURGBP, Natural Gas, Public Analysis, Trading Room, US Oil, USD Index, USDJPY |
Today’s Trading Room looks at Copper, US Oil, NGas, USD Index, EURBGP and USDJPY. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and...
by Lara | Mar 10, 2017 | Gold |
Price moved into the target zone, which was 1,197 to 1,192, and then turned upwards to print a green daily candlestick. Summary: Allow for the possibility of new lows while price remains within the channel. The next target is now at 1,193 – 1,192. If the...
by Lara | Mar 9, 2017 | Silver
Silver has continued lower over the last few days as expected from last week’s analysis. The target remains the same. Summary: A deeper pullback may be close to complete now. The target is about 16.666. If the Elliott wave count is correct, then this pullback at...
by Lara | Mar 9, 2017 | Gold, Gold Historical |
Price continues to move lower towards the target as expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. It is entirely possible that my targets could be wrong and...
by Lara | Mar 8, 2017 | Gold |
Price continued lower as the two preferred hourly wave counts expected. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. Each time price touches the upper edge of the...
by Lara | Mar 7, 2017 | US Oil |
The classic technical analysis picture has changed this week for US Oil. On Balance Volume is now giving a strong signal as to which direction price may break out. Price has been consolidating now for about twelve weeks. There will be a breakout and it may come soon....
by Lara | Mar 7, 2017 | Gold |
Two hourly Elliott wave counts were provided yesterday. The first hourly wave count is now looking more likely. Summary: The bottom line for the short term is that while price remains within the channels on the hourly charts expect it to continue to fall. Each time...
by Lara | Mar 6, 2017 | Gold |
Price has moved higher but today’s candlestick closed red. There are still at least two hourly Elliott wave counts for the main daily Elliott wave count. The alternate Elliott wave count has reduced in probability. Summary: In the short term, it looks like a...
by Lara | Mar 4, 2017 | Gold |
Downwards movement continued as expected for the main Elliott wave count. Summary: If members have profitable short positions opened below 1,248, consider taking profits. Watch how price behaves carefully when markets open on Monday. If the channel on the second...
