Tuesday, January 27, 2015

GOLD, COPPER, BRENT, WHEAT, SOYB, XEU, SPX and USB Daily Update (based on previous business day)

Weekly Time Frame Trading & Investing

GOLD @1.281,30. (GOLD Weekly Chart).
Weekly SMA-55  positive and Channel upslope.
TTIP mode since 16-01-2015 as of 1.280,30.
Last TTIP mode since 03-11-2014 as of 1.165,40 ended 18-11-2014 as of 1.196,80 with a loss of 2,69%.
Notes: Precious metals have made an important bottom. More upside for Gold is likely.

COPPER @ 2,55. (COPPER Weekly Chart).
Weekly SMA-55 negative and Channel downslope.
CTP mode (early termination).
Last TTIP mode since 14-01-2014 as of 2,53 ended 23-18-2015 as of 2,50 with a profit of 1,18%.
Notes: Economic commodities are weak. Copper will probably stay so for some time to come.

BRENT @ 48,17. (BRENT Weekly Chart).
Weekly SMA-55 negative and Channel downslope.
CTP mode (S-P-R ratio not short supportive).
Last TTIP mode since 03-11-2014 as of 84,78 ended 28-11-2014 as of 70,15 with a profit of 17,26%.
Notes: Economic commodities are weak. Brent is extremely oversold. I will be on the lookout for reversal signs.

WHEAT @ 520. (WHEAT Weekly Chart).
Weekly SMA-55 negative and Channel upslope.
TTIP mode since 01-12-2014 as of 607,25.
Last TTIP mode since 17-10-2014 as of 517,50 ended 23-10-2014 as of 526 with a loss of 1,64%.
Notes: Soft commodities seem to have made an important low. After this bout of weakness I expect further bullishness for Wheat.

SOYB @ 983,50. (SOYB Weekly Chart).
Weekly SMA-55 negative and Channel downslope.
CTP mode (early termination).
Last TTIP mode since 02-01-2015 as of 1.007 ended 20-01-2015 as of 981,75 with a profit of 2,51%.
Notes: Soft commodities seem to have made an important low. After this bout of weakness I expect further bullishness for Soybeans.

XEU @ 112,44. (XEU Weekly Chart).
Weekly SMA-55 negative and Channel downslope.
CTP mode (S-P-R ratio nor short supportive).
Last TTIP mode since 26-09-2014 as of 126,93 ended 30-10-2014 as of 126,14 wit a profit of 0,62%.
Notes: Euro is weak and US Dollar is strong. I am waiting for a reversal which should not be far-off.

SPX @ 2.057,09. (SPX Weekly Chart).
Weekly SMA-55 positive and Channel upslope.
TTIP mode since 25-11-2014 as of 2.067,03.
Last TTIP mode since 25-08-2014 as of 1.997,92 ended 04-09-2014 as of 2.000,72 with a profit of 0,14%.
Notes: I expect bullishness for the SPX until the end of 2015, and maybe even until the summer of 2016.

USB @ 159,26. (USB Weekly Chart).
Weekly SMA-55 positive and Channel upslope.
CTP mode (S-P-R ratio not long supportive).
Last TTIP mode since 07-08-2014 as of 138,40 ended 12-09-2014 as of 136,23 with a loss of 1,57%.
Notes: Bond prices are rising parabolically. I'm expecting a fall in prices and a rise in rates shortly. I will be on the lookout for reversal signs.

Choose your own Targets and Stoplosses by looking at the Resistance and Support levels (purple dotted lines) in the embedded charts.

I only trade and invest based on the Trend Trade & Investment Principle. My views on the future as expressed in the notes are not taken into consideration.

For an explanation of the abbreviations and the Trend Trade & Investment Principle see the bottom of this blog. Please also read the disclaimer there.