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here is analysis on vlo (valero engergy group). current trend: up potential of moving higher. because downward movement has been slowing down. you can see red and blue alternate colour bars. (they are not congested) 54~55 level is a strong resistance, but it is likely to break to...

if you are interested in crude oil, here is a daily chart for dec 06 futures contract. it is just breaking out. my indicators are also showing some signals.

weekly chart, zoomed out view.

that is a very nice entry. bcos that is the breakout level. in the weekly chart, trend started to change last a few days ago. i hope once it is started it will be going very high. but of course, there will be intraday ups and downs.

when it started i doubt about the strength. early warning started to show direction change. but i thought it would still be tranding range and thinking about possible bear flag. big mistake. according to my system short positions should be closed out when we start to see early...

here is where system signal started.

yes. you are right. in fact, people should make a lot of money today. but i dont think they would. they would miss big part of the move in the beginning. they (i was included) would not realise until it is too late. i tried to ignore my system signals. i was too obsessed with previous...

short @ 617.5 stop @ 621 target @ 608

current price @ 615.5 short @ 615.5 stop @ 618.5 target @ 608

gold would be forming a triple top at 630. there is a potential of correction. closing above 630 would invalidate my view.

short @ 625.5 stop @ 629.5 target @ 617

long @ 626 stop @ 622.5 target @ 630

it would have been stopped out. current price: 626

as i expected, gold is signalling to make a correction. here is a 2h chart showing uptrend line breakout and my own indicators are showing downtrend. double top formed at 630 and it would target around 610~611 in a few days. short @ 623 stop @ 626.5 target @ 615

the call was stopped out. current trend has been extremely bullish in previous week. in my opinion, technically, gold is overbought in short term and medium term. but it is the beginning of new uptrend in long term. gold just came out of a triangle pattern in weekly chart. it indicates...

current price @ 624 short @ 624 stop @ 627

current market is extremely bullish. so, it is time to short for short term trading i think. short @ 617 stop @ 620.5

gold broke out of daily down trendline. 610 is a very strong resistance and hopefully gold would break 610 in a few days. current price: 606 directional bias: bullish action: long@606, stoploss@599, target@617

it would have been stopped out. i also posted to short at 609 at kitco.

there is no trend change. but i just expect a pull back. short @ 603.2 stop @ 606.5