Oil and USO have been in general decline since the 2008 Global Financial Crisis period but might be worth watching for any mean-reversion activity. Oil has spent much of the last two years chopping around either side of the $60 S/R level but is now starting to look a bit bullish as it holds above […]

This post is a short update to earlier articles published over the last 6 months on Gold and Silver. The technical breakouts being stalked on a number of charts in those posts have broken out and the charts are updated below. The cluster of breakouts over both Gold, Silver and their stocks and ETFs make […]

There is a lot of focus on Gold at the moment but I think the little brother, Silver, is worth keeping an eye on too; especially if the US$ continues to weaken. In this post I consider the chart of Silver metal, XAG/USD, a Silver ETF, SLV, and two Silver stocks, First Majestic (NYSE:AG) and […]

There are a number of commodities having charts with price action looking ripe for bullish breakout and some mean reversion. I’ve been pondering, for some time, about the type of event that could trigger a recovery in this space. The recent weakness in the US$ seems to be helping and, with the US$ index testing […]

My regular followers will be aware that I have been tracking a Bull Flag pattern on the daily/weekly charts of Gold for some weeks now. Price action has yet to move but the trends lines are worth monitoring for any new momentum-based breakout. It is no surprise, therefore, that a number of Gold related stocks […]