Tuesday, May 29, 2012

Tuesday May 29th Crude oil, Gold, Silver, Copper

I apologise for the lack of posts, I had a  bit of struggle to keep up with everything.
This market has been dead since last Thursday and chopped around.  Bearish sentiment hit extremes last week (

Looking for a bounce in Oil ... Remember buy dips not rips ...

July WTI is a bullish crab pattern off the round $90 level, the trend is clearly down but we have a lot lined up in favour of a bounce here (to sell again later)  At the very least we will retest 95.43
Brent (loves the 78.6fib)


Gold - 4hr chart
Smart reversal at the 50fib and 1600 level could mean a retest & break of the 1526 lows next.  However if risk appetite improves and we break the 1600 resistance level then 1620 is resistance and 1640 resistance completes a bearish bat harmonic pattern for a sell.

Silver weekly chart 
Like gold its in a pretty clear buy zone and two weekly hammers (last week also an inside bar)  but something about this chart just says lower to me.  The daily making a nice tight consolidation triangle for a breakout trade. If we break higher I would look for price action at $30, 31 or 32.10 to resell
Silver 4hr chart


  1. Lovely houuuuunds! spinner

  2. I am struggling with health, will try and post more

  3. check out bidsandoffers.blogspot.com if you're after something in betweens Nic's posts.

  4. The metals sure are interesting futures to trade. I prefer gold and copper to silver.

  5. I prefer gold and copper because I find the COT data for those metals easier to read. Also, I find silver to be overly erratic and volatile.

  6. Way cool! Some very valid points! I appreciate you writing
    this article and the rest of the website is also very good.
    Feel free to visit my webpage facebook account

  7. It is гeally a nice and helρful piеce of іnformatiοn.
    I'm satisfied that you shared this useful info with us. Please stay us informed like this. Thanks for sharing.

    my homepage - milk-n-cookies.blogspot.com
    Also see my web page: Chemietoilette

  8. The Lieutenant swoгe than іn memory of the
    blendеd drink, it would ρеrmanently be well-known in thе military аѕ a 'cock'ѕ
    tail'. Then there are experts and other involved persons who are seemingly battling a dropping fight to stem the tide principal toward environmental Armageddon or as the title of this piece phone calls it "Warmageddon. Fabric markers have even been made use of and can be helpful to touch-up the spots on the footwear just where the color did not just take (the seams certainly).

    Also visit my homepage :: Headhorn21.Dmusic.net
    my web page: old stone oven

  9. Hello! This is my first visit to your blog!
    We are a collection of volunteers and starting a new initiative in a community in the same niche.

    Your blog provided us beneficial information to work on.

    You have done a wonderful job!

    My page :: easy diets That work

  10. From the glass blowing manufacturing unit that is
    neverthelesѕ in operation, tо a stay
    bаkеrу ωhеre by уou can baκe your posѕess goοdіes,
    functioning farms that уou can check
    оut anԁ feed the animаls, and oρerating
    pottery mills. At least fifty one % ought to be com, whilst mostly up to seventy five% is put into usе.
    The wall pаnеlѕ can be brought in hallwayѕ,
    dоοrways, аnd shining strаight as a dancе flooring.

    Herе is my web pagе: old stone oven

  11. excellent put up, very informative. I ponder why the other experts of this sector don't understand this. You must continue your writing. I'm sure, you have a huge readers' base already!

    My blog post: graduate certificates online

  12. Awesome issues here. I'm very satisfied to peer your post. Thanks a lot and I am having a look ahead to contact you. Will you kindly drop me a e-mail?

    Have a look at my web page; companion pet clinic forest grove

  13. I got this web page from my pal who told me concerning this web
    site and now this time I am visiting this web site and reading very informative articles
    or reviews at this place.

    My site :: adjustable dumbbell

  14. Hi there, I found your web site by way of Google while searching
    for a similar subject, your site came up, it appears to be like great.
    I have bookmarked it in my google bookmarks.
    Hi there, just was alert to your blog through Google, and located that it's truly informative. I am going to be careful for brussels. I'll be grateful when you continue this
    in future. Many other people will be benefited out of your writing.

    My web site ... frontline advantage for dogs

  15. I wanted to thank you for this very good read!
    ! I absolutely enjoyed every bit of it. I have got you
    bookmarked to check out new stuff you post…

    My weblog - ricambi auto

  16. Helpful information. Lucky me I found your web site by chance, and I'm surprised why this coincidence did not came about in advance! I bookmarked it.

    my weblog: nightclub flyer

  17. Thanks for your marvelous posting! I really enjoyed reading it, you happen
    to be a great author. I will ensure that I bookmark your
    blog and definitely will come back sometime soon. I want to encourage
    you continue your great work, have a nice holiday weekend!

    Look into my website advantage for dogs

  18. Hi! I know this is kinda off topic but I'd figured I'd ask.
    Would you be interested in trading links or maybe guest authoring a blog article or vice-versa?

    My website discusses a lot of the same subjects as yours and I believe we could greatly benefit from each other.
    If you're interested feel free to send me an email. I look forward to hearing from you! Fantastic blog by the way!

    my webpage - used rat hot rods

  19. I every time used to study article in news papers but now as I am a user
    of web thus from now I am using net for posts, thanks to web.

    Here is my web blog ... self adhesive floor tiles

  20. I blog frequently and I truly thank you for your content.
    Your article has truly peaked my interest. I'm going to bookmark your website and keep checking for new information about once per week. I opted in for your Feed as well.

    My website :: advantage for large dogs

  21. Just purchаѕed my core kіt last week.

    I геally like іt! We smoked a normal cig' yesterday also it was terrible. The Green Light up Cig' is sο clеаn that with the actual tоbасco cig' I could taste the nasty papers and all the other gross stuff I was inhaling before, and that i can tell a massive difference of methods my lung area feel...my partner and i even just feel better about myself! I do believe that will be my last typical cig'.
    Whаt а great product. ; G

    Feеl freе to surf to my weblog :
    : http://hoku-Ei.sakura.ne.jp


    Also visit my blog :: xerox phaser 8560dn

  23. It is a small space but pure joy!!!!

    Review my webpage :: arrow sheds

  24. Excellent pieces. Keep writing such kind of information on
    your site. Im really impressed by it.
    Hi there, You've done a fantastic job. I will definitely digg it and for my part suggest to my friends. I am sure they will be benefited from this website.

    My web-site :: pilgrim jewellery necklaces

  25. Attractive component to content. I just stumbled upon your
    website and in accession capital to claim that I get actually enjoyed account your blog posts.

    Any way I'll be subscribing for your feeds or even I achievement you get right of entry to consistently rapidly.

    Also visit my blog post: vigrx plus available south africa

  26. Hi,
    I have already been making use of this product for final 10
    times and yes I hv misplaced three kilos.
    My worry is, if I stop having this after loosing weight will
    I gain bodyweight far more...Pls suggest...Many thanks..

    my blog; precision nutrition system by John berardi

  27. iam 28 years outdated and my bodyweight is forty two kgs...
    plaese support me to put on excess weight atleast forty seven
    to 50 kgs

    My webpage :: lose fat gain muscle diet women

  28. You rate Patty. Many thanks for stopping by and I wish you keep returning for even more functional suggestions
    and tech info. And always remember to inform your pals!

    Also visit my blog post - Xerox phaser 8560 manual

  29. I could not refrain from commenting. Perfectly written!

    Also visit my homepage Hultquist swarovski jewellery

  30. You rate Patty. Thanks for dropping in and I wish
    you keep returning for additional efficient tips and tech info.
    And always remember to tell your pals!

    Feel free to visit my web-site ... xerox phaser 8560 color printer (seodolphin.com)

  31. I read thіs агtiсle fully about the ԁiffеrence of hotteѕt and precеding tеchnologies, іt's awesome article.

    Also visit my webpage - hemroids

  32. Great blog, but I noticed you haven't updated it for a while. Are you still trading?

  33. The Production system of prodigy oil and gas got worlds most effective and financially profitable methods and best of these methods are Horizontal Oil Drilling process and Water flooding method.