Premium Technical Analysis for the Gold, Silver & Energy Markets
Clive Maund
gold, silver, & oil shares
RECENT REPORTS
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Gold Market Update
The current standoff in gold is approaching resolution and evidence is starting to pile up in favor of an upside breakout.
...Posted at 10.20 am EST on 15th January 12 Silver Market Update
The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the strongly bullish COTs and sentiment indicators forces us today to reconsider the charts and ponder other possibilities, for we cannot afford to be on the wrong side of the trade in this commodity. Fortunately we are still ahead of the curve as silver has yet to "tip its hand", but it doesn't look like it will be long now before it does...Posted at 7.00 pm EST on 15th January 12. Oil Market Update
The prediction for another downleg in oil made in the last Oil Market update posted in mid-September came true, as it then proceeded to drop back quite steeply to support at its August lows, as we can see on the 10-month chart for Light Crude shown below. After that, however, a strong uptrend developed which broke oil out of its larger downtrend in force from early May. This uptrend eventually stalled out about a week ago at the zone of resistance that we had previously delineated in the $102 - $104 zone, with a "bearish engulfing pattern" suddenly appearing on the charts, suggesting that an important intermediate reversal was occurring and immediately after oil broke down from the steep uptrend shown on the chart...
Posted at 11.40 am EST on 25th November 11 |
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The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities.
Mr Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.
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