LineKing

LineKing

The gold/silver ratio in the since 2000 has topped at c.80 at significant market turns in equities: 2003 2009 Jan 2016?

LineKing

Either way, setting-up for a LT swing

LineKing

Evil rollover

LineKing

Looks the strongest ag. Today. Waiting. WiIll The King the lead? Or fail like the other ags?

LineKing

Another commod that looks like primed for a big move. Just waiting for the U$ to decide

LineKing

Commods - Ags (except a threatening b/o for (corn oats, wheat, soybeans have all tried and failed so far in 2016) , weak b/o in silver and gold.....oil....copper.......fundie +ve $ central. But technically we still wait

LineKing

Stop to break even. Very wicky PA on lower timeframe (since start of Dec 2105). Still lower lows

LineKing

Passing most of its bullish tests; failing most of its bearish ones. The formation of this (imperfect) triangle is v helpful - the break should lead to a big move . No need to guess

LineKing

Bounce or break - either way it will be epic

LineKing

.....and then bloody hell

LineKing

So, 1,45 or 1.50 are nice fib and Ch target for U$/C$. But a simple line analysis suggests potential for even more considerable weakness for the CAD. Antipodeans short v CAD still preferred - Kiwi. then Aussie.

LineKing

The lines show us the long-term bear market has broken technically - repeatedly verified by reaction at lines. PA needs to follow, so does NOT mean silver cannot still head south by a large % (c40%). OR hold here at 13.8. Otherwise short if it breaks all the way back to the dominant line. Long if holds. Either way, big opportunity. Updates to follow

LineKing

Contract changeover was v cruel. Note the many similarities in the commods (by line)

LineKing

Trade what you see

LineKing

Waiting to see what happens @ $25.5 - $27. A perfect scenario - a hold @ $26 w USD/CAD @ either 1.45 or 1.50. Clear lines to break for bearish/bullish bias

LineKing

Tho a close back above 2000 would be a lovely false b/o if this came to pass s/t. Would wait for break of current down Ch for confirmation. Otherwise capitulation bottom is next. Note Copper has not (completely) collapsed like alot of the commods. Does the good Dr know something?

LineKing

Lines still strongly suggest short bias But its all about low-risk entries. And not a bad looking base formed Remain Long. If stop gets taken, other low-risk long opps will present themselves

LineKing

A classic chartist and/or EW would sight an ending diagonal, followed by a bearish three drives pattern, the third peak being (at a glance) at c.78.6% retrace territory. This being - at a minimum - a corrective (C) wave seem quite a persuasive view. If it turns out to be something more substantial I will let PA dictate. See FXCM U$ chart too.