Tag: commodity tradingSort
Throughout the last decade, the internet has become a powerful tool for investors interested in online commodity trading. Long gone are the days when would-be investors had to stand in the trading pit, calling out their desired stocks. Even Globex, the first electronic trading platform, has been transformed by the internet.
Petroenergy Resources Corporation or PERC as listed in the Philippine Stock Exchange provides specialized technical services to oil-exploring companies in the Philippines. Technical wise, the PERC stocks broke out from its 4-year downtrend last December 8 as seen in the image above.
Good day lads! Like gold (see my gold-related post here), the price of silver has recently marked a new all-time high when it broke above its previous high at 21.34. As you can see, a break out from a symmetrical pattern managed to propel it towards the uncharted territory. With its uptrend line still well intact, it would most likely continue to to head north.
Bling bling! Gold hit a fresh all-time high this week when it reached $1,282.53 per ounce. In my previous post about gold last September 2 (please see it here), I noted that it was already poised for an upside breakout at that time. And guess what, it did just that as it surpassed its previous high at around $1,265.05 per ounce. At present, gold is trading just below $1,280.00.
Welcome to a brand new month of trading! In today’s feature is the monthly chart of gold (kindly check here for my last post on it). The month of August was a good one for the gold bulls as the price of gold was able to rebound after if fell to a low of $1,157.15 per ounce after tapping a new all-time high of $,1265.05 back in June.
Commodities and stocks almost look ready for a rally or at least a relief bounce. The market is down over 5% and the normal pullback this year has been 4%. Using technical analysis and inter-market analysis we can see that the market is reaching extreme lows and this usually means we are only a couple days away from a rally.