Today’s Chart of the Day was shared in a note from Frank Cappelleri of Instinet. It’s a daily candlestick chart of WTI Crude Oil futures. Today, Crude Oil surged 14.56% to $62.88 per barrel. This marks the largest single-day percentage gain for the commodity in over two decades. At this point, the question on many traders minds […]
Chart of the Day – Tuesday, September 3rd, 2019
Today’s Chart of the Day was shared on in a blog post by Chris Kimble (@KimbleCharting). It’s a monthly candlestick chart of the Silver/Gold ratio going back to the early ’80s. When the ratio is rising, it means Silver is outperforming Gold and vice versa. Technicians use this ratio to gauge the level of risk […]
A Crude Correlation
Crude Oil fell nearly 7% last week, marking the worst weekly performance for the commodity so far in 2019. It was up an astounding 57% from the December 2018 lows in less than six months before topping out at the end of April around $66 per barrel. It’s now trading around $58, about 14% off […]
Copper is Trying to Breakout
Copper is currently testing a key resistance level. It’s up nearly 10% so far in 2019. Today, it closed at its highest level in 7-months. Copper is an important industrial metal used in construction, electrical equipment, machinery and more. Because of its numerous industrial applications, it can serve as a barometer for global growth and […]
Mark Newton on the S&P 500, Emerging Markets, and Commodities
Each Thursday, Mark Newton, founder of Newton Advisors, gives us his current outlook on different aspects of the market. Mark provides a very consistent, level-headed approach and that is one of the main reasons I believe there is so much value in these videos. Coming off the December lows, we have seen a very strong […]