Crude Oil Price Forecast: Counter Trend Pattern Favors Pending Upside

Highlights: Crude Oil Technical Strategy: Crude Oil downside expected to be limitedon price pattern US Stockpiles continue trend of declining despite build in gasoline and Cushing stockpiles Next technical Bullish trigger set at lower high from May at $ 50.00, support near $ 47.75 IGCS Sentiment highlight: Sharp rise in short positions provides contrarian signal […]

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S&P 500: Trend & Pattern Point to New Highs Soon

What’s inside: S&P 500 ‘time correction’ close to ending Triangle pattern on hourly New record highs look to be likely very soon Beginner and Advanced Trading Guides In yesterday’s post, it was noted that the current ‘time correction’ was set to run into trend-lines running up from the November low and potentially the one off […]

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USD/JPY Bullish Pattern Persists as Japan Officials Favor BoJ-Easing

Talking Points: – USD/JPY Continues to Carve Bullish Pattern as Japanese Officials Favor BoJ-Easing. – USDOLLAR Extends Advance as Fed Officials Boost Rate-Expectations; Governor Brainard in Focus. Avoid the pitfalls of trading by steering clear of classic mistakes. Review these principles in the “Traits of Successful Traders“ series. USD/JPY Chart – Created Using FXCM Marketscope […]