With only a few trading hours left in the year, I’m ready to turn the page. I’m sure plenty of you can relate.
In the spirit of looking ahead to a bright and beautiful 2023, I want to share seven of my favorite commodity charts for January.
No grand thesis, just seven potential setups that have my attention heading into the new year.
1. Sugar
Sugar futures print a potential failed breakout after coiling within a tight range since the summer of 2021: The lack of upside follow-through accompanied by a bearish momentum divergence warrants caution.
We have no business trading sugar from the long side if it chops within its prior range.
But I want to keep a close eye on this one.
Momentum divergences have a way of working themselves out on daily time frames, as I give far more...
We run through nearly 4o charts, breaking down the key levels and intermarket relationships, suggesting Gold could hit 5,000.
In this update, I’m going to share two of my favorite charts.
Plus, I’ll reveal one mining stock setting up for a buy signal.
First, Gold outside the US presents a very different picture.
Yes, the USD dominates global trade. And yes, we want to witness a break to fresh all-time highs priced in US dollars. But when we look around the world at other major currencies, Gold has already broken out!
The largest insider transaction on today’s list comes in a Form 4 filing by director Roxanne Austin, who revealed a $2 million purchase in CrowdStrike Holdings $CRWD.
CRWD is trading at its lowest level in years as it looks to find support at its key former highs from 2019.
These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.
This month’s Video Conference Call will be held on Tuesday January 3rd @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.