Tag: longleaftrading.com

Chart of the Week - Crude Oil

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The chart shown below is a snapshot of the July Crude Oil futures. After spending the entire month slipping lower alongside of most of the major global markets, Crude Oil prices have tried to recover off of $82.00 a barrel in the first week of June.

One of the identifiable themes for this chart is the range that Crude traded in throughout May (see blue trendlines on chart). There were four days in the month when prices closed outside of this range, and this is what I feel is most important to highlight. Continue reading "Chart of the Week - Crude Oil" →

Chart of the Week - Gold revisited

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The chart shown Below is a daily chart of the August Gold Futures. Last week, my “Chart of the Week” submission highlighted the potential targets for Gold if it were to rally in the near future.  While my idea was technically sound, I admit to missing the fundamental driver behind Fridays move higher. I thought it would be best to discuss Gold again this week. Continue reading "Chart of the Week - Gold revisited" →

Chart of the week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

There is an old saying in our business that keeps market bulls on edge every year in the late Spring months.

“Sell in May, and go away” has no doubt lived up to its expectations this year and has left traders battered Continue reading "Chart of the week - Gold" →

Chart of the week - Wheat

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

In the past week of trading, I feel that the most impressive chart in the commodity markets was the July Wheat Futures.

The Wheat has been under pressure for more months than I can remember. The selling in the market has been justifiable from a supply perspective after global yields more than met expectations for global demand. An enormous crop was seen in parts of Europe, which has been the biggest weight on the overall prices. Continue reading "Chart of the week - Wheat" →

Chart Of The Week - Euro currency

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Since the start of 2012, the June Euro Currency has traded in a range between 126.35 and 1.3496. Most of the time, the price was narrowed into a range that was finally broken last week on Friday after the United States non-farm payroll disappointed. The lackluster report was combined with anticipatory selling ahead of elections in France. The drop in futures prices continued on Sunday night after France elected a member of the Socialist party into office for the first time in over twenty years. Surprisingly, the initial drop on Sunday night was short lived and technical trading took over. The chart below clearly shows the targets that the trade had in its sights. Continue reading "Chart Of The Week - Euro currency" →