The top of the channels played out nicely. Are we going to play to the other side? I think we will find direction into next week.
The slope of each of the major declines in $CL_F since May 2011 seem to have striking similarities. There will be a time to get extra long with what will likely be relatively low risk. However, that time is not yet!
Pink trend line is a copy from the last big move. Gonna repeat???
Absolutely awesome long. Exceeded all my expectation. Beauty!
The only metal that has held up if only marginally so. 3.01-3.00 is a big level and then the floor opens up. Aggressive target is $3.75 but there will be some resistance on the way down.
$CAD is in the middle of the channel and getting support at 0.9075-0.9065
We have multiple support levels that held up and a breakout that occurred. COT was extremely short and there will be short covering. How big is the move going to be? Looking for at least 4.10 and 4.30 on the higher side.
Was late to the party, didn't take the 9200s but did take the 9100. Looking for the lower end of the channel maybe around 8950-8940?
CAD is looking for 89s if not lower
Relatively interesting trade from the bottom of the channel. not a slam dunk but wort the watch
There is definitely support there and the selloff was swift but does it breakout from here??? Not so sure.
Big support at 19 for Silver. Are we kissing the trend line goodbye?
Will the trend line lend support here this week?
FCX bouncing off some great levels and getting support t the right spots. I am no elliotician by any means by could we see a wave 5 here? $HG_F is also catching bids today off that important 3.08
The sector has been so beat up and cost have been cut across the board. It looks like the metals are picking up some bids and $GC_F is not willing to settle below $1300 anymore and producers not being economical under $1200. A lot of the names in the $GDX and $GDXJ also has $SI_F $SLV and $HG_F credits as well as other base metals that have been doing very well -...