Gold hits top of its trend, can it breakthrough to 2000

A super simple take on gold but simple is good right.   Bars are monthly, showing a rough but gradual rising correlation in extremes of the post Lehman gold price trend

Golds do or die move to trend

Long term weekly outlook for gold has it at critical point once more.    Having held above support many times this year makes it relatively strong despite the falls from on high

The trend to recover now is a channel that allowed for such a rise at the year start as it matches regular gains since 2009

Gulf Keystone makes new highs on track for takeover valuation

Action in GKP has as always been dramatic but the chart shows it is on a good long term setting for its gains.

Current volume shows a large amount of bidding focusing around 270p with action remaining positive after its decline from a short term high

Sterling breaks out of August negative trend

Ironically we got the QE and sterling rose. Strange thing that more money means a higher price but anyway the dollar is falling in general.

We have now in action the breakout scenario, its now not following the August decline. 

If it can hold above 1.55 well enough and not decline as was expected then a recovery in sterling worth becomes possible and a reversal of the loss in value since August, etc

Upside targets 1.563 1.59





[Cable surged three and a half cents in 24 hours, which is abnormal. Conversely that makes this pullback & negative monday healthy, but it has to be relatively positive on a week view still ]

Predictable Dow

Have markets become this easy or will see a more dramatic crash or boom now as we break range.    Unfortunately I dont know but going up here is what I see as unexpected now

GoLD new high

Space left in golds price still, 1610 maybe  

Infosys in a downward channel

The recent high peaked at both the 200 day moving average and also top of a downward channel for this year

5767 looks a critical area to hold and determine future behaviour

CREE Support line active chart

Support at 31.31 and Volume support around 25 I think

Cadogan appears bullish still

Its pulling back to its old trend.   Its met and risen from 200 day average and nothing in volume or news appears to warn me of failure occurring through the previous rises 

But anything is possible!

Sunkar at longer term trend

Much weakness in this price will not easily defer to any longer term strength

EMED chart shows lower volume partners selling

 Looking at EMED chart again and noticed the recent fall in price has been on lower volume then its rise which makes it unlikely to hold here long term in theory

The red line is steeper then the blue, the third graph there is a combination of the two trying to show underlying strength or weakness - hence its not fallen like the price


A smaller number of sellers can drop the price disproportionately if they demand their money back right now. However in time this 'damage' should be easier to fix then is apparent

Rockhoppers trend to rise still intact?

Im looking at the 225 area as a 61% retracement of the larger move.  200 area is also of higher volume and as above chart shows this price fits with a previous positive trend (slight)

Euro strengthens vs Sterling, is this a breakout?

First Solar hits top of ascending channel

FSLR  looks bullish but needs to beat 156.50 confidently to break range of last couple years

 If todays low does not hold then 141.31 & 200dma reasonable risk/reward for a swing trade ?

Caza disappoints but remains positive long term

Chart shows price at 200 day average with a positive trend possibly still intact

Nikkei retraces its gains since breaking a multi year downtrend

The breakout seen here in Nov 2010 traces back to the highs of 2008 and beyond for Japanese stocks.  As such, if we can stay above this downtrend line Im still quite bullish for a continued recovery in such an already lowly rated index. 

The currency as the other half of this equation should prove much weaker going forward and longer term

Wall Street index comes to a cross roads

This is a daily chart for wall street stocks.  I m expecting a rise in the DOW30 index as it meets a long term support and also a trend up.   Also the moving averages have a positive gradient to them.

The grim news occurring globally makes a selloff obvious but the chart trend shows its more then possible a gain is registered for this week especially as dollar index worth continues lower

Chart talk through - http://www.youtube.com/watch?v=JYcc3baY2og

US Dollar weak

Daily 

4 hour bar chart

Troubled BP shows itself to still be within an uptrend

About midway in an ascending channel or a 61% recovery of its 2010 highs

Rockhopper takes a fall onto firm ground ?