COMEX:GC1! Looking for Gold to extend the rally and move towards the upper parallel of the long-term pitchfork. Currently looking to move towards the warning line of the downward sloping short-term pitchfork and the target will be the upper parallel of the upward sloping short term pitchfork. Historically, gold does not top until the Managed Money positions reach...
Using pitchforks to determine golds support and resistance.
No need to get too cute with Deere technical analysis or even fundamentals. Corn is king and soybeans follow suit to ultimately be the driver of bigger Deere stock movements. If you wanna play the ags, reduce your risk to single stock exposure and buy an ag etf instead (e.g.DBA AMEX:DBA .)
Crude Price Cycle not necessarily quantifiable, but overlays pretty well across the board. A very nice Shiff Pitchfork certainly may showcase more merit for holding long term support and a forecast for the largest year-over-year production change in history (see Oil Prices Charging Lower As Oversupply Concerns Plague Traders ) entertains the notion that WTI...