Crude Oil has now closed below the 50dma and backtested it yesterday. Today’s move confirms for me that WTIC is now moving into its Yearly Cycle Low (YCL) which I am expecting in the January timeframe were I expect it will make a lower low than the last ICL in early August but a higher Low than the last YCL in Feb 2016.
Gold investor sentiment is extremely bearish here. I am cautiously optimistic here and was buying back some positions last week on Wed and Friday. Sentiment, Time and Price are all important here. All three would suggest to me that Gold’s Yearly Cycle Low is very close but I don’t really … Continue reading →
The USD has been very bullish since it confirmed a shortened 3 Year Cycle low in May (at only 2 years into its 3 Year Cycle). By making a new High, the USD has confirmed the start of a new Yearly and 3 Year Cycle. My second chart shows the … Continue reading →
Here is a look at a long term weekly on the USD. Note the negative divergences over the past two years on the RSI and MACD. Also note that we are getting close to a Fib 61.8% bounce from the 2001 high. Just sayin…. … Continue reading →
Watching, with interest, the MACD divergences in Gold and Silver The divergence occurs on many timescales (e.g. 60 and 30 min.) and I am doing some buying here. Here is a daily on GDX. … Continue reading →