Recent news suggests that oil producers are attempting to increase production levels after failing to attempt to push prices higher by cutting production levels. Globally, oil producers want to see oil prices rise above $65 ppb in an effort to support profit and production cost expectations. The real issue for the nation/states that rely on oil production/sales is that the global economy may not cooperate with their expectations over the next 24+ months. Before we get into the details, be sure to opt-in to my Free Market Forecast and Trade Ideas Newsletter so stay on top of these market moves.
On August 6th, 2019, we posted this article suggesting that Natural Gas and Crude Oil were setting up diverging trades.
August 6th, 2019: NATURAL GAS AND CRUDE OIL – DIVERGING SETUPS FOR TECHNICAL TRADERS
At that time, we wrote that we expected Crude oil to break lower from the $62 ppb level and target $55, then $49 based on our original Crude Oil research from May 21, 2019.
Additionally, on July 29, 2019, we authored and posted this article suggesting that Crude Oil would begin a downside move from $55 to levels near $50 :
All of this research was related to our Adaptive Dynamic Learning (ADL) research post from July 10, 2019: https://www.thetechnicaltraders.com/predictive-modeling-suggest-oil-headed-much-lower-by-early-2020/
This incredible predictive modeling research suggested that Oil would move dramatically lower towards the $50 level, then stall near $50 to $55+ through September and October. Ultimately breaking lower in late October/November to levels near or below $40.
Crude Oil Daily Chart Analysis
Our researchers believe Crude Oil could become very volatile as price nears the apex of the Pennant/Flag formation that is setting up. This Daily chart highlights the attempted “scouting party” price rotation above the price resistance channel. The news over the past holiday weekend suggests the global economy may not see any real bump in activity over the next 12+ months and we believe this aligns with our longer-term research that Oil should target the sub $40 price level before the end of 2019 and potentially fall to levels below $30 in early 2020.
Crude Oil Weekly Chart Analysis
We believe the key to all of this price rotation is the $50.50 level and what price does over the next 30 to 60+ days. There is a potential that price may attempt a brief upside move over this span of time, but the true intent of price is to move lower based on our ADL price modeling system. Therefore, we believe the downside potential is the most opportunistic for traders. The next price target based on our Fibonacci bearish price trigger level is the $45 price range.
CONCLUDING THOUGHTS:
This move could take place quickly, over the next 2 to 3 weeks on a breakdown move, or over many months. Watch the $50.50 level as that is the key. If the price falls to any level below $50.50, then we could be moving towards the $45 level or even the $40 on a big move related to global economic expectations. Otherwise, expect the price to move towards the $50.50 level over the next few weeks as this support level is key to all future moves.
As we wait for the next leg to start to move prices lower, pay attention to any upside price activity as that may present a very clear entry point for skilled technical traders.
We believe our super-cycle research and other proprietary modeling systems are suggesting that price weakness will dominate the markets for the next few months. Ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis and recession.
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.
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
Good morning, Lots of great analysis including Bitcoin today.
Executive Summary:
– Stocks set to gap higher and at short-term resistance. We will see if sellers jump back into the market and drive prices lower to fill the gap. Its Friday so if we have a weak close in price near the lows then Monday could be another huge sell-off.
– Bonds are trading a major long term resistance trend channel on the monthly chart. I would expect bonds to stall and pullback over the next few months. The video shows this very clearly.
– Metals are giving mixed signals and gold hit our key price target and resistance area yesterday for a quick 22% profit.
– Oil and natural gas are still in downtrends but not giving much insight at this time.
https://thegoldandoilguy.com/wp-content/uploads/2019/08/TTT-VIDEO-LOGO.png480640adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-08-16 11:53:572019-08-16 11:53:57Today’s Stock, Metal, and Energy Forecasts – Aug 16 2019
Chris Vermeulen, Founder of The Technical Traders joins Cory Fleck today to share his thoughts on the recent downtrend in US markets and oil, plus a couple of comments on the gold uptrend. Long term trends are still the most important and until a larger break happens the trend is still higher. more importantly, the gold uptrend seems to just be beginning.
https://thegoldandoilguy.com/wp-content/uploads/2019/08/audio-image.jpg10001000adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-08-09 10:10:212019-08-09 10:10:21A LOOK AT THE DOWNTREND IN US MARKETS AND OIL, AND THE UPTREND IN GOLD
Over the past few weeks and months, we’ve been alerting our followers to the incredible setups in Natural Gas and Crude Oil. If you’ve been following our research, you already know on May 21st we called for Oil to break down from $62 level with a target of $55 then $49 price levels.
We’ve been alerting that Natural Gas was setting up an incredible seasonal trade with a move that was likely to push lower into the $2.00 to $2.20 level – suggesting any move into this range would be a solid buying opportunity for the seasonal upside move. Well, here we are about 35 days later and look at what happened.
Crude Oil Weekly Chart
The US/China trade issues and global economic turmoil is taking a toll on Crude Oil. Price rotated downward very sharply last week with an incredible -8% downside move in one day. Currently, price is resting just above the Moving Average and should soon breakdown below this level towards the $49 price level. At that point, price should stall, briefly, before attempting to find support below $50.
Our Fibonacci price modeling system suggests true support is found near $45 and $40. Be prepared for a potential downside move of -20% to -25% from current levels.
Natural Gas Weekly Chart
Natural Gas has done exactly what we expected. On this Weekly chart, you can see our shaded BLUE support range area and our GREEN and RED arrows from months ago highlighting what we expected to happen in price. Yes, price is lower than we currently expected, but it has aligned with our expected price rotation almost perfectly.
At this point, the sub $2.20 level is a perfect opportunity for skilled technical traders to prepare for the seasonal trend that will push Natural Gas back above the $2.65 to $3.15 level. Allow us to go through our expectations with you so you understand how to plan for and trade this move.
August is typically moderately bearish for NG. So expect to try to pick your entry for this trade in August. The ratio of bearish price activity in August is 1.2x the bullish price activity.
September is STRONGLY BULLISH – with an upside ratio of 10x compared to historical downside price activity. September is where we should see a big upside price move.
October is still STRONGLY BULLISH – with an upside ratio of 3x compared to historical downside price activity.
November is moderately bullish with a 1.3x upside ratio compared to downside price activity.
VIDEO – TODAYS MARKET ANALYSIS
SPX, BONDS, GOLD, OIL, NAT GAS
If you want to get access to my trading indicators and market prediction tools checkout these charts here
CONCLUDING THOUGHTS:
This means two things. First, Crude Oil should continue to breakdown and target the $49 price level over the next few days and weeks while Natural Gas sets up an incredible upside price setup below $2.25 for skilled technical traders. Oil is moving lower because of lower demand related to the global economic slowdown and larger supply issues. Natural Gas is setting up a seasonal pattern that could become a fantastic trading opportunity for traders that time their entries and understand the setup. In late August or early September price should begin to rally well above $2.50 with an ultimate upside target of well above $3.00.
In short, if you want to know what the market is going to nearly every day and get my trade alerts complete with entry, targets and stop prices join my Wealth Building Newsletter – www.TheTechnicalTraders.com
Chris Vermeulen
Technical Traders Ltd.
https://thegoldandoilguy.com/wp-content/uploads/2019/08/101.png470850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-08-09 09:15:022019-08-09 09:15:02Natural Gas and Crude Oil – Diverging Setups For Technical Traders
Before we discuss these incredible trade setups in the Energy sector, we have to discuss the continued shifting global economy and how that relates to these setups. Nearly three weeks ago, we posted a research article suggesting Crude Oil would call to levels near $50 over the next 30+ days, then stall for about 45 days before falling further and potentially attempting new lows near $40 ppb. It is important to understand certain aspects of the global economy, economic demand and how it relates to seasonal patterns for Energy.
We believe the move lower in Crude Oil is related to a supply glut that continues to plague the global markets while global economic trade, shipping, and activity continue to weaken. Too much oil supply with weakening global economic activity means Crude Oil will likely waffle lower until this dynamic changes.
Please read our recent research post to know where Crude Oil is likely to head next. Also this crude oil, prediction uses our oil price DNA algorithm to show us the future price range of oil.
Other energy-related symbols, like Natural Gas and ERY, are set up for a different type of price move.
The reality of the situation is that once Crude Oil reaches to levels near $50 ppb, it is very likely that a support level will push Crude back higher (as we suggest in our research) which will align with a seasonal pattern for Natural Gas and early Winter demand for heating oil. September, October, and November are typically a ramp-up period for winter demand and end of year holiday travel. People tend to take advantage of the last bit of Summer to seek out vacation spots, prepare for winter and push the cold back as long as possible.
Future contracts may move higher, in preparation of this seasonal trend, many months before the season actually starts. This is the reason we believe the energy sector is setting up some incredible opportunities for skilled technical traders.
The weekly chart of Natural Gas
This first Weekly chart of Natural Gas highlights a basing pattern that we’ve been following for months. We believe any move below $2.30 is a strong bottoming/basing setup for skilled traders and our predictive modeling systems suggest we are just weeks (3 to 5+) away from a big upside move in NG.
We believe natural gas will continue to fall and base. Once a bottom has been made the upside potential for NG over the next 60+ days is quite substantial. We believe an in initial upside move after it bottoms will be to levels above $3.15 will take place before October 10 and that potential for an extreme breakout upside move above $4.00 is quite likely before the end of November 2019.
Please read this article to learn more about our research into NG and the opportunities that are setting up now. Also, this post we shared Natural Gas Moves Into Basing Zone.
ERY – Bear Energy Sector Chart
Keeping in mind that the setup within the energy sector is two-fold. First, Oil and NG will continue to fall and base/bottom (moving slightly lower over the next few weeks). This is why ERY is such a great setup right now. Any breakdown in energy commodity prices over the next 3~5 weeks will push ERY 15% to 25% higher from current levels – which is exactly what we are expecting to happen.
Then, as Crude Oil and Natural Gas base in their support zones, ERY will peak which is when we want to pull profits from ERY and watch other bullish energy ETFs for long side setups.
From current levels, we believe ERY will target $50 to $52.50 fairly quickly as Crude Oil and NG continue to move lower and setup a momentum base within the basing zone/support range. Remember Crude Oil should move to levels near $50 (a full 10% lower than current price levels) before basing.
Concluding Thoughts:
As we’ve been suggesting for months, 2019 and 2020 are setting up to be incredible years for skilled technical traders. These moves in commodities, energy, and metals are providing us with trade after trade of 10%, 20% or more. Almost every month, the markets are setting up 10 to 15+ incredible trading opportunities and all we have to do is time our entries and run these trades as we do any other trade. Not all trade setups are the kind we like and we only enter the ones that we think have the highest opportunity and lowest risk.
Get ready because these incredible setups in Metals and Energy should keep you busy pulling the trigger to create profits over the next 5+ months or longer with my Wealth Building & Global Financial Reset Newsletter.
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.
Join Now and Get a 1oz Silver Round or Gold Bar Shipped To You Free. Follow our research and visit www.TheTechnicalTraders.com to learn how we can help you find and execute better trades.
Chris Vermeulen
Technical Traders Ltd.
https://thegoldandoilguy.com/wp-content/uploads/2019/08/80.png368665adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-08-01 15:13:562019-08-01 15:13:56Energy Sets Up Two New Trades – Here They Are
Our Adaptive Dynamic Learning (ADL) predictive price modeling system is one of the most unique and incredible predictive price utilities anyone has ever seen.
Over the past 24+ months, the ADL system has been able to call nearly every market rotation in the US major indexes (the ES, NQ, and YM) as well as our incredible call in Gold from October 2018 till now. There is really nothing on the planet that can make accurate predictions for future price activity like our ADL predictive modeling tool.
Weekly chart of the NQ – NASDAQ
This Weekly chart of the NQ (NASDAQ futures) highlights the ADL predictive modeling systems results from a price peak in late April 2019. The results consist of 52 unique price instances that make up the future predictive price levels. This prediction suggested that price would fall to levels near $7200 by May 27, 2019, then rally from that date to a peak level near August 19, 2019. This new August 19 peak level will likely be near $8500 – nearly +500 pts from the current price level.
Traders that have setup short positions may feel quite a bit of pressure over the next 4+ weeks as this move higher extends to align with our ADL predictive modeling system. Overall, we believe a volatile price period in the markets may extend near this August 19 prediction where price volatility will increase and a potential for a downside price rotation may occur.
Additional ADL predictive results suggest a downside potential for price to levels near $7200 as volatility increases near August 19, 2019. These predictions are suggesting that the key date, August 19, 2019, will likely be the peak in the price for a period of time. The downside predictions where the price is suggested to reach $7200 indicates the range of potential volatility after the August 19 peak.
We have been suggesting that traders continue to scale back long positions before this peak is reached. Ideally, we urge traders to pull some profits off the table and to prepare for this potential rotation in price as well as to prepare for increased volatility near or after August 19, 2019. Our extended research suggests deeper support is found near $6700 and we believe a volatility increase could drive prices towards these levels in a reversion price rotation.
As of right now, the most logical expectation for the price is for a continued upside price bias lasting 3 to 4 more weeks reaching a price peak near August 19, 2019 – just as we originally predicted. The Fed rate cut we just talked about could be what spurs the market on for this final exhaustion rally. As we near that critical date, we expect to see increased volatility throughout the global stock market and we would expect the VIX to begin a spike move higher.
Currently, an ADL price anomaly is setting up that may prompt a quick downside move on or after the August 19 date. It is because of this price anomaly setup that we are suggesting the bottom for the price could be anywhere between $6500 and $7200 (ADL predicted levels). In other words, get ready for some increased volatility and a very strong potential for a price reversion to unfold.
We have seen some really strange price action in small-cap stocks this week which I will cover shortly as well, so stay tuned!
CRUCIAL WARNING SIGNS ABOUT GOLD, SILVER, MINERS, AND S&P 500
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 each commodity 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.
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.
FREE GOLD OR SILVER WITH MEMBERSHIP!
Kill two birds with one stone and subscribe for two years to get yourFREE PRECIOUS METAL and get enough trades to profit through the next metalsbull market and financial crisis!
Chris Vermeulen – www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/07/70.png516850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-07-31 11:02:282019-07-31 11:02:28August 19 Price Peak Prediction Is Confirmed By Our ADL Predictive System
Before we discuss these incredible trade setups in the Energy sector, we have to discuss the continued shifting global economy and how that relates to these setups. Nearly three weeks ago, we posted a research article suggesting Crude Oil would call to levels near $50 over the next 30+ days, then stall for about 45 days before falling further and potentially attempting new lows near $40 ppb. It is important to understand certain aspects of the global economy, economic demand and how it relates to seasonal patterns for Energy.
We believe the move lower is Crude Oil is related to a supply glut that continues to plague the global markets while global economic trade, shipping, and activity continue to weaken. Too much oil supply with weakening global economic activity means Crude Oil will likely waffle lower until this dynamic changes.
Please read our recent research post to know where Crude Oil is likely to head next. Also this crude oil, prediction uses our oil price DNA algorithm to show us the future price range of oil.
Other energy-related symbols, like Natural Gas and ERY, are set up for a different type of price move.
The reality of the situation is that once Crude Oil reaches to levels near $50 ppb, it is very likely that a support level will push Crude back higher (as we suggest in our research) which will align with a seasonal pattern for Natural Gas and early Winter demand for heating oil. September, October, and November are typically a ramp-up period for winter demand and end of year holiday travel. People tend to take advantage of the last bit of Summer to seek out vacation spots, prepare for winter and push the cold back as long as possible.
Future contracts may move higher, in preparation of this seasonal trend, many months before the season actually starts. This is the reason we believe the energy sector is setting up some incredible opportunities for skilled technical traders.
The weekly chart of Natural Gas
This first Weekly chart of Natural Gas highlights a basing pattern that we’ve been following for months. We believe any move below $2.30 is a strong bottoming/basing setup for skilled traders and our predictive modeling systems suggest we are just weeks (3 to 5+) away from a big upside move in NG.
We believe natural gas will continue to fall and base. Once a bottom has been made the upside potential for NG over the next 60+ days is quite substantial. We believe an in initial upside move after it bottoms will be to levels above $3.15 will take place before October 10 and that potential for an extreme breakout upside move above $4.00 is quite likely before the end of November 2019.
Please read this article to learn more about our research into NG and the opportunities that are setting up now. Also, this post we shared Natural Gas Moves Into Basing Zone.
ERY – Bear Energy Sector Chart
Keeping in mind that the setup within the energy sector is two-fold. First, Oil and NG will continue to fall and base/bottom (moving slightly lower over the next few weeks). This is why ERY is such a great setup right now. Any breakdown in energy commodity prices over the next 3~5 weeks will push ERY 15% to 25% higher from current levels – which is exactly what we are expecting to happen.
Then, as Crude Oil and Natural Gas base in their support zones, ERY will peak which is when we want to pull profits from ERY and watch other bullish energy ETFs for long side setups.
From current levels, we believe ERY will target $50 to $52.50 fairly quickly as Crude Oil and NG continue to move lower and setup a momentum base within the basing zone/support range. Remember Crude Oil should move to levels near $50 (a full 10% lower than current price levels) before basing.
Concluding Thoughts:
As we’ve been suggesting for months, 2019 and 2020 are setting up to be incredible years for skilled technical traders. These moves in commodities, energy, and metals are providing us with trade after trade of 10%, 20% or more. Almost every month, the markets are setting up 10 to 15+ incredible trading opportunities and all we have to do is time our entries and run these trades as we do any other trade. Not all trade setups are the kind we like and we only enter the ones that we think have the highest opportunity and lowest risk.
Get ready because these incredible setups in Metals and Energy should keep you busy pulling the trigger to create profits over the next 5+ months or longer with my Wealth Building & Global Financial Reset Newsletter.
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.
Join Now and Get a 1oz Silver Round or Gold Bar Shipped To You Free. Follow our research and visit www.TheTechnicalTraders.com to learn how we can help you find and execute better trades.
Chris Vermeulen
Technical Traders Ltd.
https://thegoldandoilguy.com/wp-content/uploads/2019/07/30-1.png368665adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-07-30 10:31:002019-07-30 10:31:00Energy Sets Up Two New Trades – Here They Are
Our Adaptive Dynamic Learning (ADL) predictive modeling system is predicting that Crude Oil will break recent support levels near $55 and move very quickly down to levels near $50 to $51 before August 2nd, 2019. The move to near the $50 price level is likely to be a 100% measured Fibonacci price extension related to the initial downside move from $61 to $55 earlier in July 2019.
After this new downside move completes, we expect Crude Oil will form a short-term price base just above $50 that may last many days or weeks. Our earlier analysis of Oil called this move and we outline our future oil expectations. For more information about this call, please review the following research posts.
This Daily Crude Oil chart highlights the next downside price move that we are expecting will take place over the next 4 to 7 days. After the $50 to $51 lows are reached, Oil should base near these levels and begin a moderate upside move back to levels above $54. This move aligns perfectly with our earlier analysis and research and strongly suggests that oil will target a sub-$40 price level in the near future.
What does this mean for investors and traders? It means that our ADL predictive modeling system is accurately calling these moves in oil and that the sub $40 price expectations could reflect a decrease in global economic expectations over the next 6+ months. For oil to continue to fall to levels below $40, demand would have to wane or supply would have to increase globally – or both. Additionally, it would likely indicate that global expectation for the future demand for oil would be far lower than previously expected. A commodity price collapse, like this, could be an early warning sign that the global economy is slowing much faster than many expect or it could be a sign that the fundamentals in the oil market are shifting as the economy is slowing.
Either way, it appears we are headed for sub $40 price levels in oil later this year.
CRUCIAL WARNING SIGNS ABOUT GOLD, MINERS, SILVER, SP500
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 each commodity 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.
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.
FREE GOLD OR SILVER WITH MEMBERSHIP!
Kill two birds with one stone and subscribe for two years to get yourFREE PRECIOUS METAL and get enough trades to profit through the next metalsbull market and financial crisis!
Chris Vermeulen – www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/07/25.png516850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-07-30 09:47:442019-07-30 09:47:44Crude Oil Should Breakdown to $51 Early This Week
Our incredible ADL predictive modeling system predicted a moderate price anomaly on July 10th, 2019 in Crude Oil. We wrote about this oil set up on July 10th. Within this article, we suggested that Crude Oil would rotate to levels near $47~$48 rather quickly, then find some moderate support in December and January where support is likely to be found near $45 to $50. After that, the price of Oil should weaken dramatically where price could fall to levels below $30 ppb on extreme price weakness.
We are writing to you today to suggest that Oil prices may attempt to find very brief support near $55.25 as this level represents a key price trigger level which acts as support/resistance. After such a big downside move for the week, it is our opinion that Oil will briefly hold near this $55.25 level as oil tries to hold support for a couple of days.
We believe the selling may abate or weaken slightly early next week as earnings continue to hit the news cycle and future expectations are adjusted based on this data. Quite a bit of data will be released next week with the worlds biggest firms releasing Q2 data and Q3 expectations. We believe this news/data will result in a brief pause in the decline of oil prices and allow traders to set up for the next move lower.
This Daily Crude Oil Chart highlights the downside price action this week as oil collapsed from the $60 upside target called from our early June oil video forecast. The chart below also highlights our Fibonacci price modeling tool that is currently suggesting support will be found just above $51 ppb – which is aligned with the previous price bottom in early June 2019. Mild resistance is also found near $56.70 (the BLUE projected price level). This level will likely act as a “congestion range” as price rotates and attempts another downside leg.
This Weekly Crude Oil chart highlights the bigger picture for oil. The recent breakdown in price has just crossed the Bearish Fibonacci trigger level (RED LINE near $55.20) and this breach suggests the downside price move may just be starting. Ultimate downside targets near $40 to $44 are where we believe the price will find support over the next 30 to 60+ days. Beyond these levels, the price may continue much lower and eventually breach the sub $30 level in Q1 or Q2 of 2020, which would likely be a strong cause of the pending bear market.
Concluding Thoughts:
Any deep downside price move like this in Crude Oil would suggest that economic weakness and supply/demand issues are the root causes of a Crude Oil price collapse.
If the downside move continues as we are suggesting, many foreign nations will come under extreme economic pressures and currency levels/support could become threatened as the foundation for many oil-based economies will begin to crumble. This could create an extreme debt/credit issue for many nations throughout the planet and could push the US Dollar well above $100. The implications for extended trends and trades is incredible when you consider the scope of the economic shift that will take place if Crude Oil does begin trading below $30 in early 2020.
$30-$40 crude oil could spark or further deeping the pending bear market which has been a long time coming. Almost all the signs are showing that it’s about to start so get ready. 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 analyst since 1997 having lost a fortune and made fortunes from bull and bear markets I have a good understanding of how to best attack the market during its various stages. The opportunities starting to present themselves will be life-changing if handled properly.
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Chris Vermeulen – www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/07/2.png470850adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-07-22 11:52:502019-07-22 11:52:50Crude Oil Breaks Down – Target $40
