The Wild Card weekly Daily Updates Archive
The Wild Card Daily Updates - May 16, 2008
`Crude Oil
The violent bullish trend continues as all technical indicators on all time frames are showing that the direction is up and the momentum is extremely high. A fresh all time high has breached on a daily basis, and the end doesn't appear to be close. Forex traders are advised to join the bullish trend with relatively loose stops, until the first signal of a slowdown is received.
The Wild Card Daily Updates - May 15, 2008
`Crude Oil
The flag formation on the daily chart still remains intact, as gold now floats in the middle of it with moderate bullish momentum. The upcoming cross on the daily Slow Stochastic is showing that the bearish trend will probably resume quite shortly. This could be a great opportunity for forex forex traders the take a position before the technical signal is fully unraveled.
The Wild Card Daily Updates - May 14, 2008
Gold
The daily chart is showing a very distinct pattern of a bearish flag which is on the verge of an additional bearish breakout. The Slow Stochastic confirms the bearish momentum and forex traders have a great opportunity to enter the market at a great entry price before the strong breach occurs.
The Wild Card Daily Updates - May 12, 2008
Crude Oil
Oil is showing violent bullish behavior for the past 2 weeks, and today is no different. Fresh all time highs are being breached on a daily basis and Oil is now floating at 125.60. The RSI is showing that the bullish momentum is still quite bullish and forex traders have a great chance of enjoying the additional momentum still left for the commodity.
