Gold has dropped below its key support level near $1150, taking it to a new five-and-a-half-year low and setting the next support target near $980.
Charts show Nymex oil could hit $38 and stick
Strong, fast downtrends don’t normally reverse direction quickly so there’s a high probability of price consolidation.
Chart: Beware the Death Cross fairy tale
The Death Cross sounds suitably terrifying and ominous, but its signals are not reliable.
Chart: Hunting the Dow’s dragon fly doji
The different behavior on the Dow and the other US indexes suggests the current retreat is driven by panicky sentiment, not a genuine trend change.
Chart: The Aussie’s valley of death
The Aussie did its best to cling onto the narrow shelf of support near $0.78 but since then it has been a rapid plunge into the valley of death.
Chart: Doctor Copper is looking very ill indeed
It’s been called Doctor Copper because the metal has long been used as an indicator of global economic health.
Why the VIX is nothing to fear
The VIX is often called the fear index, and it’s an apt description but often for all the wrong reasons.
Chart: Caterpillar digs hole for world economy
Caterpillar is the perfect proxy for the infrastructure build required to sustain the world economy.
Chart: The signs you need to go long on oil
Oil’s rebound from near-$38 was fast and strong, which suggests the downward pressure on the commodity is weakening.
Chart: How to trade the S&P 500’s W-pattern
There has been an inconsistency in the behavior of the Dow and that of the S&P 500 and Nasdaq over the past few weeks.
What geometry could tell us about dollar weakness
The symmetrical triangle shows neither the bulls or the bears can gain dominance. However, once the breakout starts the move is often very quick.
Chart: How to read the greenback’s moves
Traders were called on to exercise this agility and flexibility this week when the dollar index staged a strong rally to close the week at $0.973.
Chart: Here’s why the Nasdaq will pass 5,200
Chart analysis gives investors a method to decide if the Nasdaq’s rally towards 5,200 is a buying opportunity or a sell signal.
Chart: The Shanghai index is on an uptrend to 4,200
The Shanghai Composite index’s breakout move above its long-term resistance level near 3,400 signaled a bullish uptrend.
Chart: Downtrends more powerful on euro-dollar
The euro-dollar developed an end-of-downtrend pattern starting in March 2015, but it didn’t pan out.
Chart: $29 oil? Technician says that’s the target
Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.
Chart: Aussie on a ledge in the Valley of Death
Trading the Australian dollar was a classic play for those who didn’t have direct access to China, and a sure-fire winner on the short side.
Chart: Euro dollar rally in downtrend
The ECB decision added rocket fuel to the rally in the EuroDollar from $1.06 to $1.08.
Chart: Analysis shows oil has not hit bottom
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