In my previous post on DMEHF, I speculated that Desert Mountain Energy would continue sideways until mid Feb. This pattern has changed slightly from a symmetric triangle pattern to an ascending triangle pattern -- we're making higher lows and retesting the line of resistance on the weekly at $1.49. On the daily, the 20 day moving average is starting to creep above...
Cup and handle within a cup and handle!
Rising 10-year yields imply stronger investor confidence and weaker bond prices. The market does not see a correction/crash coming! Make of it what you will. See investopedia's article on "why-10-year-us-treasury-rates-matter" for a good explanation.
Simultaneously with the WallStreetBets GME short-squeeze -- but perhaps not necessarily due to said collective -- GTE rose close to a $1.00. Trading was subsequrntly limited on at least Robinhood to selling. Notwithstanding, we are currently above the $0.60 mark and consolidating.
The next levels for us are the ~$0.695 mark. Beyond that, we're looking at the...
ALMTF has been trending in a very reassuring shape since July 2020 between the 2 think black non-horizontal lines. We might be on the newer $0.5252 horizontal trend line since the start of this year. Volumes are low, so it remains to be seen how well, and for how long we test this line. We might well fall back to $0.50. On the positive side, though, I think we are...
UUUU is seeing a dominant sideways trend after having recently shot parabolically beyond the $4 range from ~1.50 which is likely to last into the 3rd week of January. Alternatively, UUUU could also break the resistance in the $4.40-$4.48 range to retest the $4.8 resistance. On the bearish side, we could fall to $3.68, the previous line of support, if the...
We're currently meeting resistance at $0.42, and $0.45. Once we're clear of $0.45, $0.59 is the next point of resistance. There are 2 ways in which we could get to this point:
1. in a week: if commodity prices keep rising in the face of increased inflation expectations, we'll blow past $0.45 to $0.59 in a week.
2. in late March: this is the more conservative path...
We've seen massive bullishness the past few weeks in crude, and now we are on the verge of breaking past a decade-long-downwards pattern with USOIL that was established way back in 2008. Since the trend line is on the weekly it is hard to determine an accurate breakout point. I estimate a range of $60.60-$61.75 for the breakout. Given the massive bullishness, I...
TELL has been on a tear for a while. With hightning inflation expectations and the price of crude constantly going higher, volume's been pouring into oil and natural gas. Having recently completed a massive cup-and-handle pattern, we might have enough momentum to complete the one and head on higher to $6.50?
DOT/BTC showing topping pattern on the daily chart, but also showing sideways trend. It'll be interesting to see where we are 15 days from now. I suspect lower.
DMEHF has been trading sideways for the longest time and chart pattern suggest that there is more of it to come until late February/early March. We have a line of support at ~$1.10. On the upside, we have a line of resistance at $1.48.
As BTC/USD consolidates in the $39K - $41K corridor, we're left hanging in suspense as to whether there is going to be breakout above $41.4K, or below to the $36K mark along the purple line. A correction to the $36K mark would be more meaningful for a more sustained growth upwards to $50K and beyond.
Complementing the bullishness of Silver spot in the first few days of the new year, DSVMF attempted to cross the $1.80 mark, but fell below $1.50 following the ~10% silver selloff towards the end of the week. The ~$1.48-$1.51 range was fancied but quickly exited. In the second week of January, if Silver spot prices see a recovery, we'll see some resistance at...
With Silver on the breakout and inflation expectation having been amplified in the new year, AG is looking to break the current resistance at ~$14.30 as the next stop appears to be the 2016 highs of ~$19. There might be mild resistance and pullback along the way at around ~$16, which, Silver price momentum permitting, should be blown through.
