A “Single Print Vacuum” on yesterday’s Market Profile gave us today’s high, as we highlighted in this morning’s report. Here is the Profile graphic:
This was effectively a “breakout” moment yesterday morning when we dropped through the overnight low. This prompted further selling and left a single line of …
All about the gaps right now?
The image below is today’s Report to clients on German Baseload Power.
We suggested last week that it may be bottoming basis a “Bullish Engulfing Pattern” posted last Monday (October 7th ’19). Sure enough we have seen gains since and on Friday we gapped higher, opening …
“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 …
We have set a weaker tone for EUA Carbon Emissions this week and on Tuesday broke the 100 day Moving Average (the blue line on our chart, at 21.60), a line that had been holding on pullbacks since the start of the year. This prompted an instant reaction, dropping down to a low today (so far!) of 19.45 where …
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 …
What we’ve seen overnight may be giving us a big clue to the future direction of Silver (and therefore Gold, and maybe even other assets).
Silver broke higher over Christmas, taking out strong resistance around 14.85-95 that had been weighing for months. This triggered a reaction that saw gains to 15.955 by the time the …
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 …
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 …