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Thank you for the updates! I can see a lower trendline forming on your nat gas chart, and it looks like a wedge has formed. Maybe we'll see a breakout up or down by next inventory report? For the Dow and S&P, anticipating more big swings with next week's FOMC meeting and Triple OpEx. Wishing you a great weekend.
Forgive me...'triangle' may be the more formal charting term. I know you mentioned not trading patterns, but i'll keep an eye on it for potential breakout this week.
Once support or resistance is broken, it's a pretty sure thing it's an indication of where price will eventually go (as in the case for /SB sugar, wheat, gold, eur/usd) IMHO. Friday the market played is hand on commodities' future direction, and it's not up, but we shall see. Can't thank you enough, Bouraq, for the excellent charting you share. Your vision is very clear!
btw, I felt I had to show a small token of appreciation for your hard work and generosity, in a modest donation of $20 today. Thank you for making it easy and simple to do. You are a good person. Wish I could contribute more, but in future, I should be able to. Thanks again, Bouraq!
RTC, The fact that you are willing to contribute means a lot. Amount doesn't matter. I get great sense of achievement when I receive good comments and donations. I'm sure you will do better and we will prosper all together. Good luck.
Thank you for the updates! I can see a lower trendline forming on your nat gas chart, and it looks like a wedge has formed. Maybe we'll see a breakout up or down by next inventory report? For the Dow and S&P, anticipating more big swings with next week's FOMC meeting and Triple OpEx. Wishing you a great weekend.
ReplyDeleteI haven't noticed the wedge but I will check it out. Have a good one too.
ReplyDeleteThanks for posting your charts!
ReplyDeleteForgive me...'triangle' may be the more formal charting term. I know you mentioned not trading patterns, but i'll keep an eye on it for potential breakout this week.
ReplyDeleteOnce support or resistance is broken, it's a pretty sure thing it's an indication of where price will eventually go (as in the case for /SB sugar, wheat, gold, eur/usd) IMHO. Friday the market played is hand on commodities' future direction, and it's not up, but we shall see. Can't thank you enough, Bouraq, for the excellent charting you share. Your vision is very clear!
ReplyDeleteGlad you find it useful RTC. Thanks.
ReplyDeletebtw, I felt I had to show a small token of appreciation for your hard work and generosity, in a modest donation of $20 today. Thank you for making it easy and simple to do. You are a good person. Wish I could contribute more, but in future, I should be able to. Thanks again, Bouraq!
ReplyDeleteRTC,
ReplyDeleteThe fact that you are willing to contribute means a lot. Amount doesn't matter. I get great sense of achievement when I receive good comments and donations. I'm sure you will do better and we will prosper all together. Good luck.