Tag: Brian Booth

Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The August Gold Futures suffered through a disappointing week for Gold Bugs in the week ending on June 22nd. The chart began to show very serious promise when buyers began to speculate that the US FED would announce another round of easing. This anticipatory rally drove the market to and through an important trendline that ended at the critical $1600 price. Closes above this level had bulls feeling confident, and bears worried about the next target above the prior June high. Continue reading "Chart of the Week" →

Chart of the Week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

After completing a solid week of gains, the August Gold futures awaited the outcome of elections in Greece. Sunday night brought positive news early after the Greek vote was finalized, but the euphoria wore off quickly following news in Spain regarding high borrowing costs and bad loans that plague the future of the Spanish economy. Traders were buyers in most sectors early in the overnight session, then heavy sellers as we near the open of the US equity markets. The US Dollar and the Euro have already traded in very wide ranges over the last few hours. Continue reading "Chart of the Week - Gold" →

Chart of the Week - Crude Oil

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The chart shown below is a snapshot of the July Crude Oil futures. After spending the entire month slipping lower alongside of most of the major global markets, Crude Oil prices have tried to recover off of $82.00 a barrel in the first week of June.

One of the identifiable themes for this chart is the range that Crude traded in throughout May (see blue trendlines on chart). There were four days in the month when prices closed outside of this range, and this is what I feel is most important to highlight. Continue reading "Chart of the Week - Crude Oil" →

Chart of the Week - Gold revisited

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The chart shown Below is a daily chart of the August Gold Futures. Last week, my “Chart of the Week” submission highlighted the potential targets for Gold if it were to rally in the near future.  While my idea was technically sound, I admit to missing the fundamental driver behind Fridays move higher. I thought it would be best to discuss Gold again this week. Continue reading "Chart of the Week - Gold revisited" →

Chart of the week - Gold

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

There is an old saying in our business that keeps market bulls on edge every year in the late Spring months.

“Sell in May, and go away” has no doubt lived up to its expectations this year and has left traders battered Continue reading "Chart of the week - Gold" →