WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Weekend

Weekend

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Aug. 3 @ 8:30 am ET ~ Employment Data
* Fri. Aug. 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Aug. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Friday, April 20, 2018

Oil & Gold vs. Oil & Gold Volatility Indices

Chart #1 is a monthly chart of WTIC Crude Oil (in the upper half) and the CL:OVX ratio (depicted in histogram format in the lower half).

As I've noted recently, the major price resistance and support levels are 80.00 and 60.00, respectively.

Corresponding to those are the major ratio resistance and support levels of 3.00 and 2.00, respectively. In this regard, it will be important for the ratio to remain above 2.00 and the ratio 5 MA to remain above the 8 MA to confirm an upward bias on Oil on this timeframe.

Chart #1

Chart #2 shows this ratio in candle format on a daily timeframe.

In the short term, watch for it to break and hold above its 50 MA, for the RSI to pop and hold above 50.00, and for the MACD and PMO to form bullish crossovers in order to confirm such upward bias.

Chart #2

Chart #3 is a monthly chart of Gold (in the upper half) and the GC:GVZ ratio (depicted in histogram format in the lower half).

The major price resistance and support levels are 1350 and 1250, respectively.

Corresponding to those are the major ratio resistance and support levels of 80.00 and 60.00, respectively. In this regard, it will be important for the ratio to remain above 60.00 and the ratio 5 MA to remain above the 8 MA to confirm an upward bias on Gold on this timeframe.

Chart #3

Chart #4 shows this ratio in candle format on a daily timeframe.

In the short term, watch for it to break and hold above its 50 & 200 MAs, for the RSI to pop and hold above 50.00, and for the MACD and PMO to form bullish crossovers in order to confirm such upward bias.

Chart #4