Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Gain With Oil
By: Chris Mullen, Gold Seeker Report

Gold Resource Corporation Significantly Expands Arista Mine With Additional Switchback Step-Out Drill Intercepts Including 11 Meters of 4.19 G/t Gold and 114 G/t Silver
By: Gold Resource Corporation

Gold: A Good News Gravy Train
By: Stewart Thomson

Distractions and Blame
By: Gary Christenson

This Amazing Chart Shows Bitcoin Investors Diversifying Into Gold And Silver
By: Mike Maloney

3 Trends That Could Push Gold Higher in 2018
By: Jeff Clark

You'll Want to Read This Living Legend's Thoughts On Copper
By: Frank Holmes

Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat For Now
By: GoldCore

Asian Metals Market Update: January-23-2018
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold Ends Slightly Higher
By: Chris Mullen, Gold Seeker Report

 
Search

GoldSeek Web

 
Wacky Swings in Crude Signify...Nothing

By: Rick Ackerman, Rick's Picks

 -- Published: Friday, 20 May 2016 | Print  | Disqus 

http://www.rickackerman.com/wp-content/uploads/2016/05/Crudes-swings.jpg

June Crude reversed sharply Thursday from within 16 cents of the 47.42 Hidden Pivot support I’d flagged here the night before as a good place to get long. Sounds easy, right. It wasn’t. The futures initially bounced from 46.45, three cents from my number, after plummeting $2 from the previous day’s highs. The close-but-no-cigar low left subscribers a penny or two shy of getting aboard, according to reports in the chat room. What happened next would have challenged bulls and bears alike: The futures relapsed to 47.26, 16 cents below my target and three cents below the stop-loss that had accompanied it; then they rocketed sharply higher, on their way to a so-far recovery peak at 49.13. Intraday histrionics aside, the bigger picture is going according to plan. I’ve been bullish, but with a 51.49 rally target that I regard as the upper limit of crude’s dead-cat bounce from lows near $27 in February. We shall see, but in any case we’ll attempt to short just above with as much caution as we can bring to the task. In the meantime, stick close to the chat room and my tout updates if you’re hot to trade this monster. Visit our 24/7 chat room and share timely ideas and real-time results with great traders from around the world. Click on the link for a free trial subscription.

 


| Digg This Article
 -- Published: Friday, 20 May 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.