WTI Crude Oil The WTI Crude Oil market rallied again on Friday, reaching towards the $74.25 level. We have made a fresh, new high, and I don’t see much to keep us from reaching towards the $75 level above. However, we are overbought by just about any measure you can use, so I think a…
Review: From the June 4th Raj T&C Weekend Email (One month ago): “There is a cluster of 6-7 fixed cycles all due end June/early July that should be a major High or Low” Actual: The fixed cycles due end June/early July: the 80 CD Cycle, the 90 CD Cycle, the 95 CD Cycle, the 32-33 wk cycle, the 5 Month cycle and the 1308 CD Cycle are all due late June/early July should be a major swing Low…
Bulletin headline summary from RanSquawk Risk tone soured in Europe as US tariffs concerns and German political instability lead all equity markets into negative territory US President Trump said he spoke to Saudi Arabia’s King Salman on raising production by as much as 2mln barrels and that prices were too high, which the Saudi ruler…
USD/CAD extended its downside movement from 1.3385 to as low as 1.3129. Further decline could be expected after a minor consolidation and next target would be at 1.2860 area. Resistance is at 1.3220, as long as this level holds, the downtrend will continue.
Monday’s Swing-Trades: Take a look at three trading ideas to prep you for the next trading session. Long Splunk (SPLK) Long NutriSystem (NTRI) Short Knight-Swift Transportation (KNX)
If the rising trade tension is hurting global growth, short AUD/USD? US trade restrictions, including threatened tariffs on cars and auto parts, would put “the global free trade system at great risk”. Data over the weekend shows that China export orders tumbled, dropping from expansion into contraction, which is a clear sign that trade-war concerns…
Today I’m reviewing small-cap Norway based shipping and ports firm. It’s name is American Shipping Company ASA It’s trading ticker symbol is ASCJF. American Shipping Co ASA is a ship owning and lease finance company with a fleet product tankers and shuttle tanker operating in the U.S. domestic trades. American Shipping Company ASA operates a…
USD/JPY 4 hour The USD/JPY bullish channel is breaking above a key resistance trend line (dotted red) of a triangle chart pattern, which could indicate a larger bullish continuation within wave Y (pink). A break above the previous top at 111.40 could confirm the wave Y of a larger wave D of the daily chart,…
We know that this next week will be a holiday week for U.S. markets, so we’re just going to go straight to the charts this week to recap the fourth and final week of June 2018! Because we’re at the end of 2018-Q2, it’s also time to look ahead into the alternative futures of 2018-Q3……
AUD/USD moved sideways in a trading range between 0.7322 and 0.7443. As long as 0.7443 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7676 and a breakdown below 0.7322 support could take the price to 0.7200 area. Only a breakout of 0.7443 resistance could signal completion of the downtrend.
