Tag Archives: Head and Shoulders

DAX (Weekly) – Towards 5000 but is it possible?

Mr Hawk/ January 4, 2019/ Chart Of The Day, Charts Posts, Trade Idea, Trade Ideas Posts, Weekly Charts/ 0 comments

We are done with small H&S formation but what about the “Monster” one? For now we may see some continuation to the downside towards 9500/9000 followed with some kind of bounce/rally. And that might be the rally that will create the right shoulder. Bear in mind that we are looking at weekly chart, so it is going to take some

Read More

July 9, 2017 – Weekly Commodity: Oil and precious metals dropped while crops rallied

Mr Price Action/ July 10, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

Despite the rally in grains the Bloomberg Commodity Index dropped 1.5% last week as oil and precious metals fell. The weakening of the dollar couldn’t give sufficient support to the commodity bulls as fundamentals were lagging. Oil As Nigeria and Libya, exempt from the OPEC deal, are increasing production, the cartel fails to cap crude output. The US rig count

Read More

Jan 9, 2017 – Trade Idea: Index rebalancing may cause bounce in Corn and Wheat prices

Mr Price Action/ January 8, 2017/ Trade Idea/ 0 comments

We are ahead of Commodity Index rebalancing next week. During this process Commodity Index funds adjust their portfolios to those indices they follow which often results in buying the worse performing commodities and selling the high performers. Corn and Wheat as they were among the worst performers last year could probably benefit short term from this reweighting exercise despite the

Read More