The Wild Card weekly Daily Updates Archive

The Wild Card Daily Updates - May 21, 2008

Crude Oil

Oil has been showing a very impressive bullish trend in the past two week, breaking all times on a daily basis. All oscillators are showing the continuation of the strong bullish trend. Forex traders have a great opportunity to join the bullish ride in its peak momentum, and entering a long position with high profit potential.

The Wild Card Daily Updates - May 20, 2008

Crude Oil

Gold broke the 908.00 resistance level. Gold is in an uptrend supported by 1 Hour exponential moving averages. Bollinger Bands are widened indicating increased volatility. We should expect to see a bullish configuration today. 1 Hour and 4 Hour Elliott patterns are also implying that Gold should gather momentum during the day. The target is expected to hit 910. This provides forex traders with a great opportunity to go long on a very healthy uptrend.

The Wild Card Daily Updates - May 19, 2008

Crude Oil

There is a very accurate bullish channel forming on the daily chart, as the break through the upper level of it was just validated. Gold now has enough bullish momentum to be carried into the 908.00 zone. This is a great opportunity for forex traders to use this technical break and swing into a high potential bullish move.

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.