in technical analysis

EUA Carbon Technical Analysis

“Evening Star” at resistance to call a halt to the recent rally?

In candlestick analysis one of the more powerful reversal patterns is the “Evening Star”. According to my book the “rules” for an Evening Star are as follows:

So what we’ve just seen on the daily chart …

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in commentary, technical analysis

Natural Gas Technical Analysis for 15th August

Our Natural Gas commentary from this morning highlighted a developing pattern that suggests yesterday’s gains presented a selling opportunity. Here’s a snippet from our report:
I’ve added a line to today’s chart which is slightly tentative but may be confirmed by price action today if we keep 2.837-2.857 in the resistance column.
The line is a Neckline, classing recent price …

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