As I write this 'Charts in Focus Daily Summary' for you, price in the Oil v USD market is attempting to breakout higher and through a major daily resistance level. Price on the daily chart has been moving higher, creating a strong momentum and fresh upward trend. As my daily chart illustrates for …
Silver Fired Off ‘Breakout & Re-Test’ Price Action Setup You Need to Know | 31 May 16
On the daily price action chart of the Silver market, price has made a quick re-trace and re-test of the old support and new resistance price flip. This comes after price broke lower and closed below after yesterday's session. This is a high probability price action pattern that we discuss …
Is Platinum About to Break a Major Price Action Level With an Engulfing Bar? | 25th May 2016
Price has fired off a Bearish Engulfing Bar (BEEB) on the 4-hour price action chart, breaking through both the major support price flip level and also the Very Big Round Number of 1000.00. On Monday I wrote here about this market, and how both this Very Big Round Number and price flip are going …