Couple of days ago, I changed my stance on the market. With S&P500 breaking above 3000 level and sustaining this, and commodities such as Oil heading up and strong, along with world economies opening up, it seems we have at least a couple of months of bullish markets. Interestingly enough Goldman Sacs changed their stance as well on the same da...

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Regrettably, the technical divergence witnessed recently on WTI totally failed. Oil is simply too strong, with world economies opening up. Couple of days ago I had this chart with my observations noted: It seems quite clear that price is heading to $43 at least, possibly $48, where it should meet its ema(200).   My view on the m...

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Crude Oil is at an interesting point now. Check out the daily chart above, you will see I have several Support and Resistance lines which indicate some key levels of activity for Crude Oil (WTI).   Similar to when crude oil was at $25, the price is moving sideways for a few days at this key resistance of $35-$33. It is quite c...

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