CHART OF THE DAY

9 thoughts on “CHART OF THE DAY”

James July 16, 2014 at 6:07 pm

Gary,

Do you think oil bottomed out yesterday, after the rebound we have seen over the last two days? If so do you think we should get use to oil trading above $105 for the rest of the year?
1. gary Post authorJuly 17, 2014 at 2:21 am
  
  My gut says there’s another move lower still but I did take a position in oil today with a stop right below yesterday’s low just in case I’m wrong.
Michael July 16, 2014 at 11:46 pm

Hi Gary

Thanks for the charts.
Do you think this price effect on oil and the CRB is why the daily gold cycle has been more extended than normal (30+ days) and may still have a another few days until Monday or Tuesday with a spike to $1275?

Kind regards

Michael
1. gary Post authorJuly 17, 2014 at 2:20 am
  
  I hadn’t considered that but it’s certainly a possibility.
  1. anon211 July 17, 2014 at 4:00 pm
    
    Tried to sign up for trial subscription, but was unable to. Got a “transaction failed” message, no explanation given.
Li July 17, 2014 at 3:39 am

CRB is so close to the 200 dma, can’t imagine that it doesn’t get tested.
Eric July 17, 2014 at 12:40 pm

Buy, buy, buy!
Eric July 17, 2014 at 4:03 pm

The timestamp is wrong, or I would have the credit of calling before the move. 🙂
James July 17, 2014 at 10:20 pm

Gary,

Looks like oil has confirmed that it wants to run again. What are your thoughts of this action?

Comments are closed.