Commodities Countdown

Yahoo ! This Commodity Finally Broke Above Resistance!

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

I'll be presenting a Commodities Countdown Webinar Thursday at 5:00 PM ET. We will cover off some of the moves that we saw on Wednesday September 16th and why there just might be some bullish moves over the next few weeks in the commodity space.

We reviewed crude oil on the Commodities Countdown presentation last week as well as on The Canadian Technician webinar on Tuesday. Here is one of the charts I'll be showing. It is frozen in time, missing Wednesday's big move!

Obviously, it needs a lot more discussion, and I have plenty of charts to fill out the analysis. We'll look at Bullish Percent indexes, XLE, XOP, $NATGAS, currencies and ratios to provide some clarity on the oil scene right now. I hope you'll join me for a very interesting review. Click here to register! Commodities Countdown 20150916

Good trading,
Greg Schnell, CMT

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More