The_STA

The_STA

Bullion Basing? While the rest of the commodity markets have been grabbing the headlines lately, you would have been forgiven for forgetting about the precious metals markets, however these now need to go back on your radar as we suspect that they are in the throes of basing. While we need more evidence to confirm, we would at least suggest that these deserve...

The_STA

One to go one the radar - Cable approaching MAJOR support just ahead of Fed meeting. So, the GBP/USD weekly chart is catching my eye just ahead of the Fed meeting. It is starting to break down from the 55-week ma at 1.3635 for starters – why is this important? Because I have noticed that over time that markets tend to mean revert to their long term moving...

The_STA

I always tell new users of technical analysis to stick to the basics, and the very first thing I teach them is to learn the definition of what is a bull trend and what is a bear trend. The definition of a bull trend is for higher reaction highs and higher reaction lows and to my mind the S&P is no longer in a bull trend. If you look at the above daily chart all I...