The Wild Card weekly Daily Updates Archive

The Wild Card Daily Updates - May 28, 2008

Crude Oil

There has been a sharp bullish channel forming on the daily chart as all time high were breached on a daily basis. There has been a successful attempt to breach the channel on the bottom section of it and the 4 hour chart is supporting the validation of the breach. Forex traders have a great opportunity of joining the corrective move at a very early stage. The bearish trend might have a very high profit potential and a target price of 124.50.

The Wild Card Daily Updates - May 27, 2008

Silver

There is still a bullish configuration on the 4 Hour chart, indicating that the momentum is still up. The RSI is floating above 60, which supports the notion that there is still room to run. This provides forex traders with a great opportunity to go long on a relatively solid uptrend.

The Wild Card Daily Updates - May 26, 2008

Gold

Gold is in the middle of a corrective move that is now showing strong signs of a bullish trend. It appears that it might be able to breach through the 930.00 level which is a key resistance level. The bullish cross on the hourlies is strengthening the notion that forex traders might enjoy a great entry price for the upcoming bullish move.

The Wild Card Daily Updates - May 22, 2008

Crude Oil

The violent bullish surge continues with all oscillators showing the continuation of the trend. Fresh all time highs are being breached on a daily basis and Oil is now floating at 134.20. The RSI is showing that the bullish momentum is still quite bullish. Forex traders have a great chance of enjoying the additional momentum still left for the commodity.