richard.shoemake

richard.shoemake

The weekly chart shows that a monthly channel has been confirmed with price re-entering from the bottom. This is bullish for the several months or so.

richard.shoemake

GBPJPY is re-entering a longer term channel (in black), and starting to form a new short-term channel for it's trip down.

richard.shoemake

The volume and price action along with pivots, channel bottoms on MTF, and Bullish Harmonic on H4.

richard.shoemake

Based on the fact that we've had two occurrences of higher lows, I believe we are going up from here. The long-term target I believe will be around 115.70 per ounce.

richard.shoemake

Due to the ascending, expanding wedge which has formed I'm expecting the price to fall to 101.00 ,and very likely continue lower than that.

richard.shoemake

The trend on the four hour chart and the daily chart indicates to me that the trend has broken, and we are on our way down. The bubble has popped.

richard.shoemake

We are finding support on the 50mva. This deserves to be watched closely.

richard.shoemake

USOIL is below the 50 and 20 mva on the 4h chart which are about to cross. It's dipped below, and is coming back up to touch the MVAs from below. It's finding resistance there, which is to be expected, and indicates it's trending down now on the 4h chart.

richard.shoemake

Below 200 day moving average, and bouncing off the top bollinger band and 200 mva.

richard.shoemake

We are about to start a long term silver rally where silver could hit near 100 or higher.

richard.shoemake

Bouncing off of the 200 mva I'm expecting Oil to continue it's upward rally

richard.shoemake

This expanding ascending wedge is breaking to the upside.

richard.shoemake

I have an shorter term target of 100.60 or so, but a little bit longer term we're going down to well past 77.xx. We could well end up in the 50's for USDJPY.

richard.shoemake

200 week moving average is providing support also.

richard.shoemake

Based on daily chart looks like we have reached the peak for USD. We probably won't see the the USD be this high again for some time if ever.

richard.shoemake

We have an expanding wedge pattern indicating that USDJPY is heading lower, and looks to be completing the Dead Cat bounce pattern which means USDJPY is headed much lower.

richard.shoemake

Looks like the beginning of a change in trend on the hourly chart.

richard.shoemake

The chart pattern of the expanding descending wedge indicates a high probability of a reversal in price. In this instance we are looking at a long term bull market in oil going up very possibly to as high as 166. What world events could possibly cause this? There are too many to contemplate.