BigCharts

BigCharts Updated 

WARNING: Tomorrow is a massively important day for short holders. Firstly it is important to note that there is very big spread between December ($3.066) and current contracts. Furthermore, tomorrow invontory data is released. If you see December contracts gapping down tomorrow that is a very bearish sign and could indicate that there is a short opportunity...

BigCharts Updated 

USOIL has reached a major resistance at $52 and given that all indicators show that USOIL is currently overbought, I expect some downward movement to previous local maximum $50-49. The 200ema MACD though shows further possibility for upward movement, that's why I set my stance to neutral for the time being and stand by my previous analysis suggesting that oil will...

BigCharts Updated 

Natgas currently looks very bearish on the chart. Yet, the price needs to confirm a break of the current upward trend by breaking the diagonal support with relatively high volume and snappy movement. Based on data epectations we should see NGAS reach its first support 2.88 during next week and if further favourable (the data) 2.645. If you don't currently have an...

BigCharts Updated 

In the previous days a pattern has been observed where in the beginning of the day, NG tend upwards but around 10-11 a.m (BST) when volume starts picking up there is a reversal and the downside begins for the day. Thus, I think that every move before this time is just an opportunity to build a position. For those unable to trade futures - even more since DGAZ...

BigCharts Updated 

I can see a clear trend reversal after hitting a major resistance point at $50. This leads me to believe than in the short-run there is enough room for oil to tumble. Scenario #1 is that there is a weekly window during which oil will fall to around $45 and bounce off. Scenario #2 is that oil tumbles down to its previous major level of support at $29. Overall I...

BigCharts Updated 

We are about to break a resistance level. Whilst we couldn't on Friday, judging from the STOCH and the negative divergence of the MACD I would say there is still high negative pressures.

BigCharts Updated 

TVC:USOIL should retrace to mid 40's as it is currently overbought but later on in the month move and break $50 wwith ease as it regains momentum. If you already hold at a good entry (mid 40's) I suggest you do not panic as the divergence of the MACD has not narrowed thus signaling further room for upside movement.

BigCharts Updated 

TVC:VIX Expecting downside for the SP, we should see a spike in the VIX. This is further supported by a change of trend in the MACD and built up of momentum when observing stochastics.

BigCharts Updated 

We are currently at the top of a triangle which should in turn mean that in the next 4 hours the "current" shouls start reversing until the sp reaches 2133, in which case I think it can easily break the diagnal support.

BigCharts Updated 

Enter below 2140 with TP 2120-2115 and stop loss 2160. Increased relative volume should encourage further downwwards movement OANDA:SPX500USD