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Head and Shoulders Top or Bottom—This technical indicator consists of a left shoulder, a head, and a right shoulder and a line drawn as the neckline and occur in many different daily charts over the course of time. The left shoulder is formed at the end of an extensive move during which volume is noticeably high. This type of indicator…
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Coffee Futures–-Coffee futures in the December contract is currently trading higher by 130 points at 95.00 as I have been recommending a bullish position from the 101 level and if you took that trade continue to place the stop loss at 93.40 on a closing basis only as prices did go below that level at one time last Friday before…
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Silver Futures—Silver futures in the December contract is currently trading higher by 13 cents at 17.67 an ounce as prices have been stuck in a 3 week consolidation looking to breakout to the upside in my opinion. Prices have dropped about $2 since late August or 10% as I still believe the downside is very limited in silver as I…