Energy Sector is currently experiencing a symmetrical triangle pattern. This sector is the best performing one for many months, so it’s worth to check the pattern. Looking at below picture, the price is completing a triangle pattern a sooner or later it pierces through one or the other blue line. When the price goes up,…
1. GOLD – OIL Relationship There is a known relationship between two strongly watched commodities – Gold and Oil. The theory behind suggests that rise in oil price partly accounts for rise in inflation. Higher oil prices lift a cost of transportation which results in higher prices of goods. Fact is that this part is…
PayPal keeps swinging! Is it time for Breakout? When a stock market is in a rally as a current one, the good stocks outperform the market and the bad stocks are dumped in favor of good stocks. The investors re-balance their portfolios. This is a quite natural activity of the stock market. One of the…
What is a current support level in the US stock market and how likely is it going to stay above? Christmas time period is usually rather bullish for a stock market, which we cannot really say this year. The financial markets in the United States and Europe are experiencing the lowest valuations since February. During the…