Entries by Peter Brandt

Oh, what a difference a chart makes!

/by

Using slightly different charts of the same market produces different results. Those of you who look at my charts on the blog or on Chart.ly might have noticed that I make wide use of nearby continuation charts in the futures markets. These are charts that plot only the nearest delivery contract. When one contract expires, […]

Some charts I am looking at now – June 16

/by

There are a few charts that really have my attention right now — although that does not necessarily mean I have a position or will enter a position in these markets. It does mean that I have a position or am looking at strategies to establish a position in these markets. First, Crude Oil. I have […]

Time to be short global commodity prices through ETFs

/by

A trade with a $10 to $1 reward/risk relationship  Major reversal patterns are predominant in all global commodity indexes. The ETFs offer a trading opportunity with a $10 to $1 reward/risk relationship. I will take these types of measured-risk trade set-ups all day long.  Background  As shown by the long-term CRB Index, global commodity prices […]

Copper bear market continues to unfold

/by

Silver is also setting up for a sell signal. I last commented on Copper in a June 1 post titled, “Major chart top in Copper – Target is 360.” The bear flag identified in that post appears poised for completion. A move and close below the June 2 low of 403.25 (July contract) would put […]

July Soybeans — A Chart Lesson

/by

The chart of July Soybeans is very instructive for traders using classical charting principles (Edwards and Magee or Schbacker). As a starting point, no two classical chartists may label a chart in the same way. And even if some classical chartists agree as to pattern identification, it does not mean that: The pattern will be […]