Cory Fleck and Chris Vermeulen share their outlook and trading strategy for US markets, precious metals, and the oil price. When it comes to US markets the biggest question is – Do the US markets have another leg higher in them? After the pop on Monday, there are some near term levels to watch.
If you are using our free public research for your own trading decision-making and/or using it as an opportunity to find and execute successful trades, please remember you are the one ultimately making the decisions to trade based on our interpretation and free research posts. We, as technical traders, will continue to post new research articles and content that we believe is relevant to the current market setups.
If you want to improve your accuracy and opportunities for success, then we urge you to visit www.TheTechnicalTraders.com to learn how you can enjoy our research and our members-only trading triggers (see the first chart in this article). If you are managing your retirement account or 401k, then we urge you to visit www.TheTechnicalInvestor.com to learn how to protect your assets and grow your wealth using our proprietary longer-term modeling systems. Our goal is to help you find and create success – not to confuse you.
Our researchers will generate free research on just about any topic that interests them. As technical traders, we follow price, predict future price moves, tops, bottoms, and trends, and attempt to highlight incredible setups that exist on the charts. What you do with it is up to you. Visit www.TheTechnicalTraders.com/FreeResearch/ to review all of our detailed free research posts.
In closing, we would like to suggest that the next 5+ years are going to be incredible opportunities for skilled traders. Remember, we’ve already mapped out price trends 10+ years into the future that we expect based on our advanced predictive modeling tools. If our analysis is correct, skilled traders will be able to make a small fortune trading these trends and Metals will skyrocket. The only way you’ll know which trades to take or not is to become a member.
Chris Vermeulen
Chief Market Strategist
Founder of Technical Traders Ltd.
https://thegoldandoilguy.com/wp-content/uploads/2020/05/Chris-and-Korelin-1.png220266adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2020-05-20 13:48:062020-05-20 13:49:06US Markets, Metals, and Oil
On Friday morning I created these charts on the price of crude oil, the energy sector stocks (XLU), and also the Canadian Dollar, which I think paint a clear picture of what to expect for the price of crude this coming week.
I always like to look at the leading indicators of the asset which I am interested in trading. For those trading the price of crude oil you should be watching what the energy stocks are doing or the sector as a whole. I use XLE ETF for this. I also will show you the Canadian dollar and what it is going later in this post.
Energy stocks are a way for traders to leverage the move in oil so the smart/big money tends to move into these stocks before the underlying commodity (oil) will start to change direction.
PRICE OF CRUDE OIL – DAILY CHART
Oil has been trading sideways for a couple of weeks. The range may not look big but just note that it’s a roughly 25% range from the bottom to the top of the blue box. The key take-aways here is simple. Oil is still trading at the bottom of the chart and trading sideways. What we will be looking for is a breakout of this zone in either direction which should induce a strong rally or selloff to the expected price levels of $34, or $14. These moves are likely to happen quickly over a 2-3 day period to expect an explosive move.
PRICE OF ENERGY SECTOR STOCKS ETF (XLE) – DAILY CHART
Energy stock generally leads to the price of oil by a few days. The important points on this chart are that price has rallied off the lows, and is forming a bull flag pattern which means higher prices are expected.
Much like crude, a break in either direction in XLE can be traded, but the pattern which has formed puts the odds in favor of an upside breakout and rally of roughly 12%.
The Canadian dollar is very tied to the energy sector, both the price of oil and energy stock because we are a resource-rich country, with oil being once of our top resources.
As you can see in the chart below the Canadian dollar it too has formed a bull flag pattern and looked primed and ready for another rally higher. The currency market, in general, is massive and when a large asset class is showing signs of reversing you better pay attention.
When I see a currency forming strong pattern to give us an expected price breakout direction, I like to look at what that is telling me. What companies or commodities will this move affect? In this case, money is moving into the Canadian dollar expecting oil to bottom and rally which should help increase the value even more.
I TALK LIVE ON TV ABOUT THESE TRADE SETUPS
If you want more details on this trade setup just watch this clip from TraderTV where I talked with Brendan Wickens in detail. Click Here To Watch Video
CONCLUDING THOUGHTS:
In short, this coming week is most likely going to be much wilder than last week. While I didn’t cover on the other asset classes just know that precious metals, the major stock indexes, bonds, and oil have al built powerful patterns. Breakouts of these patterns will trigger big moves 10-25% in some cases, so get ready for fireworks this week!
As a technical analyst and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for short-term swing traders.
I hope you found this informative, and if you would like to get a pre-market video every day before the opening bell, along with my trade alerts visit my Active ETF Trading Newsletter.
We all have trading accounts, and while our trading accounts are important, what is even more important are our long-term investment and retirement accounts. Why? Because they are, in most cases, our largest store of wealth other than our homes, and if they are not protected during a time like this, you could lose 25-50% or more of your entire net worth. The good news is we can preserve and even grow our long term capital when things get ugly like they are now and ill show you how and one of the best trades is one your financial advisor will never let you do because they do not make money from the trade/position.
If you have any type of retirement account and are looking for signals when to own equities, bonds, or cash, be sure to become a member of my Long-Term Investing Signals which we issued a new signal for subscribers.
Ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.
Chris Vermeulen
Chief Market Strategies
Founder of Technical Traders Ltd.
https://thegoldandoilguy.com/wp-content/uploads/2020/04/33.jpg6131183adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2020-04-06 15:42:152020-04-06 15:42:15Two Leading Indicators for Crude Oil Point To Higher Prices
After watching Crude Oil fall from the $65 ppb level to the $58 ppb level (-10.7%) over the past few weeks, we still believe the energy sector is setting up for another great trade for skilled investors/traders.
We are all keenly aware that Winter is still here and that heating oil demands may continue to push certain energy prices higher. Yet Winter is also a time when people don’t travel as much and, overall, energy prices tend to weaken throughout Winter.
Over the past 37 years, the historical monthly breakdown for Crude Oil is as follows:
December: Generally lower by -$0.33 to -$0.86. Averages to the downside: -3.65 to +3.08
January: Generally lower by -$4.57 to -$6.72. Averages to the downside: -2.68 to +2.27
February: Generally higher by +$8.41 to +13.73. Averages to the upside +3.07 to -2.54
March: Generally higher by +7.33 to +$15.62. Averages to the upside by +2.84 to -2.14
Over the past 25 years, the historical monthly breakdown for Natural Gas is as follows:
December: Generally lower by -$2.34 to -$5.26. Averages to the downside: -0.81 to +0.69
January: Generally lower by -$5.14 to -$7.97. Averages to the downside: -0.69 to +0.45
February: Generally lower by -$1.48 to -$3.62. Averages to the downside -0.50 to +0.49
March: Generally higher by +0.63 to +$1.88. Averages to the upside by +0.41 to -0.70
Over the past 35 years, the historical monthly breakdown for Heating Oil is as follows:
December: Generally lower by -$0.16 to -$0.37. Averages to the downside: -0.14 to +0.09
January: Generally lower by -$0.52 to -$0.96. Averages to the downside: -0.09 to +0.10
February: Generally higher by +$0.48 to +$1.06. Averages to the upside +0.11 to -0.08
March: Generally higher by +0.03 to +$0.11. Averages to the upside by +0.09 to -0.10
This data suggests an extended Winter in the US may prompt further contraction in certain segments of the energy sector that may prompt an exaggerated downside price move in Crude Oil and Natural Gas. Heating Oil may rise a bit if the cold weather continues well past March/April 2019.
Conversely, if an early spring sets up in the US, then Crude Oil may begin to base a bit as people begin to traveling more, but Heating Oil and Natural Gas may decline as cold weather demands abate.
Heating Oil has almost mirrored Crude Oil in price action recently. Our modeling systems are suggesting that Crude Oil may attempt to move below $40 ppb. This move would be a result of a number of factors – mostly slowing global demand and a shift to electric vehicles. We authored this research post early in January 2020 – please review it.
We believe any price level below $40 in ERY is setting up for a very strong basing level going forward. We have identified two “pullback zones”. The first is what we call the “Deep Pullback Zone”. The second is what we call the “Deeper Pullback Zone”. Any upside price move from below $40 to recent upside target levels (above $50) would represent a 25%+ price rotation.
Historically, February is a very strong month for ERY. The data going back over the past 12 years suggests February produces substantially higher upside price gains (+1899.30 to -394.28) – translating into a 4.8:1 upside price ratio over 12 years. Both January and March reflect overall price weakness in ERY over the past 12 years. Thus, the real opportunity is the setup of the “February price advance”.
We believe any opportunity to take advantage of this historical technical price pattern is advantageous for skilled traders/investors.
This is a pure technical pattern based on price bar data mining. This is something you may not have ever considered unless you had the tools to search for historical price anomalies and rotation patterns. We have created a suite of tools and price modeling systems we use to help our members find incredible opportunities – this being one of them.
Get ready, February will likely prompt a very nice rally in ERY if historical price triggers confirm future price activity. The price pattern in February suggests a large upside price move is likely in ERY and we believe these low price basing patterns are an excellent opportunity for skilled traders.
Join my Wealth Building Newsletter if you like what you read here and ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own.
NOTICE: Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research. It is provided for educational purposes only. Our research team produces these research articles to share information with our followers/readers in an effort to try to keep you well informed. Visit our web site to learn how to take advantage of our members-only research and trading signals.
https://thegoldandoilguy.com/wp-content/uploads/2020/01/90.png456850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2020-01-17 11:26:062020-01-17 11:26:06Energy Continues Basing Setup – Breakout Expected Near January 24th
Another wild week for oil traders with missiles flying and huge overnight price swings in crude. As we recently pointed out within our current Oil research article, Oil and the Energy sector may be setting up for another great trade. We recently commented on how the supply/demand situation for oil has changed over the past 20+ years.
With US oil production near highs and a shift taking place toward electric and hybrid vehicles, the US and global demand for oil has fallen in recent years. By our estimates, the two biggest factors keeping oil prices below $75 ppb are the shift by consumers across the globe to move towards more energy-efficient vehicles and the massive new supply capabilities within the US.
Our researchers believe the downside price rotation in Crude Oil early this week, after the US missile attack in Iraq, suggests that global traders are just not as fearful of a disruption in oil supply as a result of any new military actions in Iraq, Iraq or anywhere near the Middle East. If there was any real concern, then the price of Crude Oil would have spiked recently.
This leads us to believe the inverse Energy ETF, ERY, maybe setting up a very nice bottom in price below $40. Ultimately, we believe a deeper price bottom may set up in the next 10 days where ERY may trade below the $36~37 range, but time will tell if we are correct about this or not.
Historically, price levels below $40 have resulted in some very nice long trade setups in ERY. This ERY Daily chart highlights the Support Channel we believe exists in ERY and why we believe any entry-level below $36 is an outstanding entry point for any future upside price move.
WEEKLY ERY CHART
This Weekly ERY chart highlights the past rallies that have originated from within the Support Channel. Pay special attention to the size and scope of these moves. The October 2018 rally resulted in a 183% price rally. The April 2019 rally resulted in a 57% price rally. The July 2019 rally resulted in a 50% price rally and the last move in September 2019 resulted in a 41% price rally.
Could this next setup in ERY be preparing for another 40% to 60%+ upside price rally?
We believe the setup in ERY is very close to generating an entry trigger. We have not issued any new trade triggers for our members-only service as we are waiting for confirmation of a potentially deeper price move in ERY. Right now, get ready for what may become a very good setup in ERY over the next few weeks.
Watch what happens in the energy sector over the next 30 to 60 days. We may be setting up for a fairly large price rotation as the tensions spill over into the global markets and precious metals. We may find that Oil is the big loser over the next 60+ days.
NOTICE : Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research. It is provided for educational purposes only. Our research team produces these research articles to share information with our followers/readers in an effort to try to keep you well informed. Visit our web site (www.thetechnicaltraders.com) to learn how to take advantage of our members-only research and trading signals.
https://thegoldandoilguy.com/wp-content/uploads/2020/01/31.png456850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2020-01-08 11:13:092020-01-08 11:13:09Is The Energy Sector Setting Up Another Great Entry?
Normally, after tensions between Iran/Iraq and the US flare-up, Oil and Gold rally quite extensively but reversed sharply lower by the end of the session.
Yes, Gold is 1% higher today and was up over $35 overnight, but Crude Oil has actually moved lower today which is a fairly strong indication that disruptions in oil supply from the Middle East are not as concerning as they were 10+ years ago. Traders and investors don’t believe this isolated targeted missile attack will result in any extended aggression between the US and Iran.
When past conflicts in the Middle East happened, Oil would typically rally and Gold would spike higher as well. Consider this a reflex action to uncertain oil supply issues and concerns that global market uncertainty could crash the markets. Gold seems like an easy expectation related to this type of uncertainty as it continues to act as a hedge against many risks like missiles/war, financial uncertainties etc…
In my pre-market video report to subscribers today (Monday, Jan 6th) I pointed out how the price of crude oil was testing a critical resistance area form the last time there were missiles fired. Today’s reversal is not a huge surprise and in fact, it looks like an exhaustion top.
Oil, on the other hand, has experienced one of the longer price declines in recent history, from the peak price near $147 near July 2008 to levels currently near $63. But we saw a low price for oil below $30 (near February 2016).
CRUDE OIL DAILY CHART
I believe a technical resistance channel may be pushing Oil prices lower today as the price has continued to rotate lower after moving into this extended Resistance Channel. It may be that global traders don’t believe this conflict with Iran will result in any type of massive oil supply disruption or risk for the global markets right away. The Resistance Channel, between $63 and $65.50, has continued to act as a price ceiling over the past 7+ months.
CRUDE OIL WEEKLY CHART
Our proprietary Fibonacci Price Modeling system is highlighting similar levels near $64 and $50. This price modeling system maps and tracks price rotation using a proprietary adaptive Fibonacci price theory model. These levels, highlighted on this chart, represent immediate price target levels for any upside move (CYAN, already reached) and any downside move (BLUE, suggesting a move back towards $50 may be in the works).
If Oil is not capable of breaking above this Resistance Channel, then Fibonacci Price Theory would suggest price must turn lower and attempt to establish a new LOW PRICE level that is below recent low price levels.
If this Resistance Channel continues to act as a solid price ceiling, Crude Oil may turn lower over the first few quarters of 2020 and attempt to target levels near or below $50 fairly soon. Skilled traders should prepare for this type of move and identify opportunities for profits in the near future.
In fact, I also gave subscribers a head up that GDXJ and TLT were going to gap higher and likely be under pressure all session. Also, I showed how the SP500 was going to gap lower deep into oversold territory and likely rally strongly just like last Friday, all of these things happened perfectly today.
Pre-market GDXJ, SPY, TLT warning of price gaps into extreme territories beyond the small colored lines: Red (overbought level), and Green (oversold level)
PRE-MARKET CHART ANALYSIS
END OF DAY MARKET MOVEMENTS
My point is my team and I have a good pulse on the major markets and can profit during times when most others can’t which is why you should join my Wealth Trading Newsletter for index, metals, and energy trade alerts. Visit our website to learn how you can see what this research is telling us.
I am going to give away and ship out silver and gold rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:
https://thegoldandoilguy.com/wp-content/uploads/2020/01/20.png456850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2020-01-07 09:07:242020-01-07 09:07:24Crude Oil Reverses Lower Again After US Missile Attack
We wrote a very telling research article on October 24th, 2019. We never published it because we had other articles scheduled to be published over the next few weeks in the queue and because our subscribers get our trade alerts before the general public. At this point, we are sharing that past article as well as some current research for Natural Gas that should be very interesting to you.
Pay very close attention to the original October 24th article, below, and our prediction that the $2.75 to $2.85 level would be a likely target for the upside price rally from the basing level below $2.30. Currently, Natural Gas is trading at $2.87 – reaching our initial target level.
If our research is correct, strong demand and limited supply globally may push Natural Gas well above the $3.20 to $3.40 level after a very brief pause happens near $3.00. In fact, Natural Gas may be getting ready to rally past 2018 highs ($4.93) if the situation presents itself for such an incredible price rally. What would it take for a rally like that to happen? Much stronger demand for natural gas because of an early, extreme winter and extended global demand.
Price reacts to supply/demand imbalances. In this case, if the demand far exceeds the supply capacities headed into the end of 2019, we could easily see Natural Gas rally above $4.00 very quickly. Could it rally even higher and take out the $5.00 level? Absolutely it could if the proper dynamics continue related to supply and demand globally.
CURRENT DAILY NATURAL GAS CHART
Remember to read the link from October 5th. We’ve been warning of this move for more than 60+ days and have authored multiple research posts attempting to keep our followers aware of this setup. This trade setup was telegraphed for us many months ago. All you had to do was follow our research and stay aware of the trends as this momentum base setup in October near $2.25.
Natural Gas moved higher by nearly 2% on October 24th as our researchers predicted nearly a month ago. This incredible momentum base below $2.30 seems to be a very strong support level for Natural Gas. We believe this next rally may be bigger than the last rally which reached a high near 2.70. Our Fibonacci price modeling system is suggesting a target price of $2.95 to confirm a new upside price trend. This means the price would have to rally more than +26.5% from current levels to confirm a potentially much bigger upside price move. Can you imagine seeing Natural Gas climb to above $4.50 again – like last year?
Near the end of October 2018, Natural Gas began an upside price move that really excited investors. The first upside price leg began in mid-September, near $2.75 and rallied to a level near $3.35 – a +21.6% upside price move. After a brief 12 to 15 day pause, another price rally began in early November 2018 near $3.23 and continued very aggressively over the next 11+ days to rally up to $4.93 – a +57% rally.
We issued a natural gas trade using UGAZ to members and this week we locked in 38.7% profit on a portion of our position and there is still a lot of upside potential left.
Is the same type of price advance could be setting up for an early November price rally from the $2.30 level to somewhere above $3.50? This would result in a +50% price rally from recent lows without using any leverage which would be just amazing.
Our proprietary Fibonacci price modeling system is suggesting the $2.95 price level is critical for any further upside price action to continue above $3.00. The price must cross above the $2.95 level on a strong closing price basis before we could consider any higher price levels to become valid. Our researchers believe that suggests the $2.75 to $2.85 level becomes a very real upside price target for skilled traders to pull some profits and protect any open long positions.
PREVIOUS NATURAL GAS FORECAST WEEKLY CHART
This Weekly Natural Gas chart highlights our Fibonacci price modeling system’s results and the Bullish Trigger Level near $2.95 (The GREEN LINE). Pay very close attention to how quickly Natural Gas moved higher in November 2018. If another move happens like that in 2019, we could be setting up for a big gap higher followed by about 10 to 15+ days of incredible upside price action.
Currently, the price of Natural Gas has crossed the Daily Fibonacci price modeling system’s Bullish Price Trigger level near $2.29. This suggests that we are now in a confirmed bullish trend as long as the price stays above the $2.26 level on a closing price basis. We would expect a continued moderate price rally from these levels to move price away from the momentum base level over time – before any breakout upside price move may begin.
This could become one of the best trades, besides Silver and Gold, headed into the end of 2019. Get ready for some big volatility in Natural Gas as winter weather takes over much of North America.
November will be the month of breakouts and breakdowns and should spark some trades. I feel the safe havens like bonds and metals will be turning a corner and starting to firm up and head higher but they may not start a big rally for several weeks or months.
October was a boring month for most major asset classes completing their consolidation phase. Natural gas was the big mover in October and subscribers and I took full advantage of the bottom and breakout for a 15-22% gain and its till on fire and trading higher by another 3% this week already.
https://thegoldandoilguy.com/wp-content/uploads/2019/11/40.png456850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-11-07 13:59:192019-11-07 13:59:19Where is the top for natural gas
Sometimes, it pays to be lucky and skilled when deploying technical analysis and price theory. We caught an early move in ERY back in June 2019 for a nice profit. Then watched as price fell back towards the $44 price level – expecting another base/bottom setup to form. On September 12, 2019, we issued a research post suggesting to our followers that ERY is reaching a key low point and that traders should start looking for the next move (see below) but before you continue, be sure to opt-in to our free market trend signals newsletter.
We had no idea that Yemen would launch a drone attack on Saudi Arabia crippling their oil production capacity within 5 days of that research post. All we knew was that ERY was moving back towards a historical low price level that would present another opportunity for skilled traders – an opportunity for profits.
At that time, we believed any price level near of below $45 would qualify as a solid entry point and warned our followers to “watch for any deeper price moves below $45” for key entry levels. 5 days later, a very deep price level printed (near $40) after the attack on the Saudi oil plant. What happened next?
The first real opportunity for a deeper price move below $45 happened on the following Monday after the attack near $40. This constituted a very deep price decline and provided multiple days of opportunity for entry below $44.
Nearly 3 weeks later, the ERY price rallied to levels above $56 reaching a solid +35% gain. As we stated, sometimes it pays to be lucky and skilled when trading. We hope some of you were able to follow our research and catch a part of this move?
CONCLUDING THOUGHTS:
Get ready for the next big move in ERY, folks. If our research is correct, another setup will happen before the end of October with another basing level below $45 and another attempt at a rally in ERY with upside targets settling near $55 or higher. It’s just a matter of time before this new basing/bottom setup takes place. We’ll keep you informed when we believe the timing is right to look for new entry points.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL LIMITED TIME OFFER – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
https://thegoldandoilguy.com/wp-content/uploads/2019/10/60.png470850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-10-07 16:48:512019-10-07 16:48:51ERY Rallies Over 35% After Our Call To “Start Looking For The Next Move”
5 OTHER CRUCIAL WARNING SIGNS ABOUT THE US MARKETS TOPPING AND THE GOLD AND SILVER BULL MARKET
In early June I posted a detailed video explaining in showing the bottoming formation and gold and where to spot the breakout level, I also talked about crude oil reaching it upside target after a double bottom, and I called short term top in the SP 500 index. This was one of my premarket videos for members it gives you a good taste of what you can expect each and every morning before the Opening Bell. Watch Video Here.
I then posted a detailed report talking about where the next bull and bear markets are and how to identify them. This report focused mainly on the SP 500 index and the gold miners index. My charts compared the 2008 market top and bear market along with the 2019 market prices today. See Comparison Charts Here.
On June 26th I posted that silver was likely to pause for a week or two before it took another run up on June 26. This played out perfectly as well and silver is now head up to our first key price target of $17. See Silver Price Cycle and Analysis.
More recently on July 16th, I warned that the next financial crisis (bear market) was scary close, possibly just a couple weeks away. The charts I posted will make you really start to worry. See Scary Bear Market Setup Charts.
CONCLUDING THOUGHTS:
In short, you should be starting to get a feel of where stocks are headed along with precious metals for the next 8-24 months. The next step is knowing when and what to buy and sell as these turning points take place, and this is the hard part. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my ETF Trading Newsletter.
Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our Wealth Building & Global Financial Reset Newsletter. You won’t want to miss this big move, folks. As you can see from our research, everything has been setting up for this move for many months.
Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities starting to present themselves will be life-changing if handled properly.
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Our research team has been nailing some really great trades recently in Gold, Silver, Crude Oil, ETFs, and many other market segments. Some of these trades have resulted in fantastic gains of +10% to +20% for our members.
One trade in particular that we called back in July was the Energy trade in Crude Oil and ERY. Specifically, we suggested that Crude Oil would fall based on our ADL predictive modeling system and that ERY would set up a very nice trade with targets set relatively close to the basing/bottom pattern. But first, be sure to opt-in to our free market forecast signals newsletter
You can read our original research here:
July 10, 2019:PREDICTIVE MODELING SUGGEST OIL HEADED MUCH LOWERJuly 26, 2019: ENERGY SETS UP TWO NEW TRADES – HERE THEY ARE
While the original setup resulted in a fantastic trade setup and completion – where both targets hit and the price extended more than $10 beyond our Target 2, we are now alerting you that ERY will likely set up another, even bigger, opportunity over the next 30+ days.
We believe our previous research, particularly related to Crude Oil, will result in ERY rotating lower over the next 20+ days, possibly towards the $50 level, before setting up another momentum base and beginning an upside move targeting the $70 to $75. If our research is correct, this move will come at a time when global markets are expecting must slower economic activity and/or a massive supply glut in Oil.
Daily ERY Chart (Inverse Energy Sector ETF)
This Daily ERY Chart shows the original trade setup that occurred after our July 26 post and includes the original target levels drawn as YELLOW ARROWS on the chart. It is easy to see the success of this trade and how ERY rotated higher as Crude Oil weakened.
Weekly ERY Chart (Inverse Energy Sector ETF)
This Weekly ERY chart highlights what we believe will be the next trade setup which will start to complete the momentum base sometime near the end of September or into early October. We expect the rally in ERY to begin in mid-October and carry on into November, based on our ADL predictive modeling system (see the original article listed above).
We believe the downside rotation in ERY that we are expecting will coincide with a moderate upside move in Crude Oil over the next 30+ days before a bigger breakdown in Oil prices creates this incredible opportunity in ERY. Skilled technical traders just need to wait for the momentum base to complete. I just posted this gold and silver trading setup unfolding here.
If you follow our ADL predictive modeling system’s research, you’ll see that it expects Crude Oil to break down to levels below $40 before or near the end of 2019. That move could come quicker than we expect is global markets accelerate the economic slowdown we’ve seen recently. We’ll keep you informed of this, and other, great trades as they setup.
Ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.
In short, you should be starting to get a feel of where commodities and asset class is headed for the next 8+ months. The next step is knowing when and what to buy and sell as these turning points take place, and this is the hard part. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my ETF Trading Newsletter.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities starting to present themselves will be life-changing if handled properly.
https://thegoldandoilguy.com/wp-content/uploads/2019/08/11.png470850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-08-30 16:16:252019-08-30 16:16:25Energy Sector Setting Up For Another Big Trade
Chris Vermeulen, Founder of The Technical Traders shares his thoughts on why this week is important for the US markets, gold, and oil. All of these are near strong support or resistance levels where if a break happens could result in an extended run. We breakdown the scenario for each market and level that are most important.
I can tell you that huge moves are starting to folding not only in real estate, but metals, stocks, and currencies. Some of these supercycles are going to last years. Brad Matheny goes into great detail with his simple to understand charts and guide about this. His financial market research is one of a kind and a real eye-opener. PDF guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
I urge you to visit my ETF Wealth Building Trading Newsletter and if you like what I offer, join me with the 1 or 2-year subscription to lock in the lowest rate possible, get a FREE BAR OF GOLD and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next set of crisis’.
Chris Vermeulen
www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/08/Chris-and-Other-Guy.png220266adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-08-21 21:31:102019-08-21 21:31:10THIS IS A KEY WEEK FOR US MARKETS, GOLD, AND OIL
