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Monthly Archives: March 2013

March 5, 2013

Mini-Russell Anchor Chart Prep

 The anchor chart on the Mini-Russell Futures shows us easy clues in the form of a major bull price-channel, a green colored ‘cloud’ along with double-bottom support and resistance overhead.  We can see the major resistance overhead at 930.0 from the double-bottom and at 941.5 using Fibonacci on this anchor chart. Mini-Russell Anchor Chart Prep […]

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March 5, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep The anchor chart on the Euro Currency Futures is trading lower this morning after breaking new lower-lows below the major bullish price-channel support around 1.3200.  We can see a strong bear price-channel along with major support levels on the way down. We can see support levels on the anchor chart at […]

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March 5, 2013

Gold Anchor Chart Prep

Gold Anchor Chart Prep Gold Futures are trading in sideways-trading-range this morning after putting in a double-bottom and bouncing off the symmetry support level at 1565.0 this morning we are waiting for new lower-lows to get short or waiting for the price-action to move higher to test the resistance at 1622.5 and then looking short […]

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March 5, 2013

Crude Oil Anchor Chart Prep

Crude Oil Anchor Chart Prep The anchor chart on Crude Oil shows us a massive price-wedge which we will hope to test the lows later this week for a buying opportunity at the lows.  We can also see the bear price-channel along with the symmetry and Fibonacci support at 89.45 has caused a bounce in […]

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March 4, 2013

Mini-Russell Anchor Chart Prep

Mini-Russell Anchor Chart Prep We can see the anchor chart on the Mini-Russell has just changed its long-term trend from bearish to bullish.  We have been rising on the Mini-Russell for the major of the last 3 weeks, and we are seeing a sideways-trading-range at this time.  When we make new higher-highs we will get […]

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March 4, 2013

E-Mini S&P Anchor Chart Prep

E-Mini S&P Anchor Chart Prep We can see the price-action on the anchor chart trading sideways at 2 levels of major resistance.  We have both symmetry and overbought resistance at the 1500.0 big-round-number.  This level is causing price-action to trade sideways and we are looking for higher prices as they move to the 1550.0 resistance.   […]

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March 4, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep The euro has traded lower this morning as it moves inside the bearish price-channel.  We can see we are oversold on the anchor chart and moving lower.  Considering we have broken new lower-lows below the 3060 support zone we will now feel confident looking for  selling opportunities on the way to […]

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March 4, 2013

Gold Anchor Chart Prep

Gold Anchor Chart Prep We can see price-action on Gold Futures trading sideways at the lows of this major bearish price-channel.  We can see a double-bottom has provided resistance and the symmetry support is just below us at 1560.0.  With this information we have three scenarios to consider.  First price can move sideways this morning […]

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