Expert Technical Analysis for Global Markets, Specialising in Energy
ALERT!
The weekly chart for API2
Coal would give a BIG sell signal today IF we close below 78.53.
A close below 78.53 tonight give us a “Head and Shoulders”
sell signal on the Weekly (below).
The next downside targets would be 72.94 (38.2% Fib’ of the Feb ’16 …
…according to our Market Profile charts. At Futurestechs we combine Candlestick Analysis on different timeframes (from 10 minute to weekly/monthly charts) with Market Profile.
Market Profile looks at things a bit differently and we’ve always found it can be an excellent overlay; looking at “Volume at Price” to give an extra dimension to our reading …
The high on the 8th (58.87) immediately became a support level. And it’s worked out rather nicely, holding almost to the tick on the pullback we saw on Monday.
Below is the report we sent to clients on Tuesday (June 5th). Brent Crude has been retracing of late after getting a nose bleed above $80 in mid-May. We have been expecting the buyers to step back in and have been keeping an eye on a few important support levels on the pullback to see if this is happening. and …
in Commentary, Technical Analysis, Trading
Our daily Oil and Energy Technical Report looks at the charts across the energy complex, covering Brent Crude, GasOil, NYMEX WTI, UK Nat Gas, US “Henry Hub” Nat Gas, Dutch TTF Nat Gas, EUA Carbon Emissions, and German Baseload Power.
This report was formerly distributed by the broker GFI and very popular it was too! Alas our agreement with GFI …
in Commentary, Technical Analysis, Trading
Here at Futurestechs we write daily analysis across asset classes, but our reports always have a focus on the “bigger picture”. So let’s have a look at said bigger picture at what seems like an interesting time for many markets.
Bond markets have been in an uptrend for as long as I can remember, and I’ve been around a few …
Last week I was asked to sit on a panel at the UK Society of Technical Analysts with 4 fellow members of the board, with a brief to review 2017 and offer some outlook for 2018, according to the charts of course! I was reasonably heartened to note that we were fairly well agreed on many of the things we …
Back in December (the 8th to be precise) I “broke my silence” on BitCoin with a Blog post. I compared it to Silver in the 1980s and Tulips in the 1630s! It turned out to be one of the most popular posts I’ve ever done. That proved one thing to me: That there is a lot of interest in “Crypto”.
Chart 1: Mystery chart!
Any offers as to what this chart is?
Any thoughts on what this chart looks similar to?!
I think you know where I’m going with this!
Read on…
Chart 2: Silver in the 1980s…
This is the rest of the chart… Silver in 1980. It rallied sharply after being “cornered” by the Hunt …
in Commentary, Company News, Technical Analysis, Technical Analysis Training
We have had a phenomenal response to our recent “Freebie” offer of 2 months’ Analysis on the FTSE and Cable, to help navigate through what could be a pivotal few months for the UK. On that basis we have a whole load of new readers, so I thought it would be useful to take a look at what’s in our …