technical analysis

Candlestick analysis is the epitome of technical analysis. If the definition of technical analysis is to recognize price patterns, candlestick signals and patterns exemplify that process. The basis of candlestick analysis is the visual identification of investor sentiment put into a graphic...

Those who philosophize about the root causes of market movements will have certainly come to the conclusion that there is an ongoing battle between bullish and bearish participants. To help you understand this concept better, let us use a metaphor: Imagine resistance being an immense wall that...

A black swan event, developed by Nassim Nicholas Taleb in his book The Black Swan, is a metaphor that explains in logical hindsight the reasoning to an unexpected event which has a major impact on society but should have been foreseen. Developed nations saw a black swan event – the 2007-2008...

After making all-time highs back in September, Gold has retraced some of those gains and is now sitting in a Symmetrical Triangle, as traders jockey for future direction. The bottom of this triangle comes from a long-term uptrend support line and the top of the triangle comes from a short/mid-term...

On Wednesday, crude oil futures closed above $100 per barrel for the first time since June. The commodity continued to move higher throughout the day and into Thursday morning. However, at about 6:30 this morning, following mostly all assets, the commodity spiked lower. It moved from about $103 to...

Gold is seen by most as a safe-haven. If equity markets are in turmoil, buy gold, we always hear. Gold bulls are currently predicting gold to move over $2000 an ounce by year end. Some of the gold bull's thesis goes something like this: Italy, Greece, and eventually Spain will cause a European end...

During this week, Crude Oil broke above $95. This is very important because this level is the 50% Fibonacci retracement and where the 200-day moving average sits, which are very important levels to any technical analyst. The commodity has been in a mid-term bear trend since April/May, moving from...

That answer depends on where you stand. The markets have been very headline-driven lately. It seems as though whenever a figurehead at home or abroad speaks about bailouts, recapitalizations, etc., markets seem to swing wildly. This is not a surprise as nobody knows where to put their money...

The Beginning Everyone has seen the strong bull-trend in gold over the years. In the last five years, the commodity is up over 170%. This compares to a 11% loss in the S&P 500. In the beginning, the main theme behind the bull-trend was a worry about inflation as world banks pumped money in...

Recent Analysis Since the beginning of 2009, we have seen an impressive bull trend in crude oil futures. The bull trend started to putter out in May 2011, trading over $114 per barrel at its peak. After hitting its peak, crude futures began its downtrend. The commodity started to trend lower,...