Reversal swing date triggers new price surge in Sugar.[chart]
March Sugar traded lower into Tuesday's (December 29, 2010) projected reversal swing date. This a a bullish pattern "setup" for a new upward swing in the Sugar. The market is now poised to rally towards the 29.25 target objective on or before the January 6th reversal swing date.
March Sugar
Gold – R-date 11/24 with target objective $1,160.00-$1,170.00
The bullish "trail day" pattern on Friday, portends a c0ntinuation of the upward trend. The bullish trend signal was confirmed with a the market crossing above the ascending median line. The next reversal swing date is due on November 24th.
December Gold
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December Copper swing trading strategy
December Copper –Long from 299.75 - Copper continues to find support at the upward sloping parallel line. A confirmation of the new TC pattern will trigger the next bullish price swing towards the upper reaction line target objective, as it approaches the reversal swing day due on November 11. - Hold the long position
December Copper
with a stop loss at 291.25.
TC pattern unfolding in December Copper
December Copper – We banked a nice gain last week when the pattern suggested the Copper would undergo a correction back to the 20-day SMA. Now that the market has reached the downside objective and rebounded off the SMA and the upward sloping parallel line, it is time to look at the long side again. A confirmation of the new TC pattern will trigger the next bullish price swing towards the upper reaction line target objective, as it approaches the reversal swing day due on November 11. Buy Copper at 299.75, with a stop loss at 291.25.
December Copper
Bullish TC pattern takes hold in Copper
December Copper – We banked a nice gain earlier this week when the pattern suggested the Copper would undergo a correction back to the 20-day SMA. Now that market has reached the downside objective and rebounded off the SMA and the upward sloping parallel line, it is time to look at the long side again. A confirmation of the new TC pattern will trigger the next bullish price swing towards the upper reaction line target objective as it approaches the reversal swing day due on November 11.
December Copper
December Copper – bullish TC pattern
10/29/09 am MST - The short-term TC pattern is forming in line with the longer-term bullish cycle. The recent correction ended when Copper found support at the ascending parallel line and turned higher. The market should resume the upward tredn into the next reversal swing day projected on November 10.
December Copper
December Copper
December Copper – Long from 288.75 – last price @ 302.60 – Copper futures closed lower and finished as an “inside day” after reaching a 13-month high of 305.75 on Wednesday. The rally paused on Thursday, due to a slight rebound in the U.S. Dollar. However, the cycle remains bullish into October 27th and portends a rally to the reaction line target at $325.00. - Hold the long position and move the stop loss to 289.75
December Copper
December Copper
December Copper – Long from 288.75 – last price @ 295.30 – Octagon Research says China's booming economy may even stronger than people thought, with most analysts underestimating the country's copper consumption. Adding to this longer-term bullish secenerio, miners is Peru began a nationwide strike and the strike at the BHP Billiton Ltd mine in Chile entered its seventh day. Looking at the charts, this breakout followed a period of consolidation where December Copper futures had formed a longer-term continuaiton pattern, suggesting rally into the descending reaction line target objective currently at 326.00.- Hold the long position with the stop loss at 288.75.
December Copper
Sell pattern setting up n December Gold
December Gold – The upward trend in Gold paused after the market reached the descending reaction on the predicted October 14th reversal swing day. Following the new high, Gold closed lower on the following two trading days, but managed to stage a slight rebound on Monday. It is very evident the overall trend is still bullish, but so far the market is meeting some stiff resistance on the retest of the reaction line. Monday’s higher close has form a possible short-term bearish swing pattern that could “setup” another sell signal for a drop to the $1,035.00 to $1,030.00 price range later this week. I’m waiting one more day to see if the pattern confirms before making a new recommendation
Decembwer Gold
Bullish swing pattern in December Copper
December Copper – A bullish TR swing pattern has formed above the 20-day SMA, following a five-wave continuation pattern. If confirmed, the swing pattern will be the beginning of a new bullish leg in the Copper. Buy Copper at 288.75 stop, with a stop loss at 275.50.
December Copper
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