by Chris Kimble | Mar 14, 2011 | Kimble Charting
A Large Bond Rally close at hand? What would happen to stocks and commodities if bonds moved much higher? CLICK ON CHART TO ENLARGE This pattern HAS NOT PROVEN itself at this time, yet a VERY BULLISH Inverse Head & Shoulders might have formed in the...
by Chris Kimble | Mar 10, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Commodity Research Bureau Index (CRB) of late hit its 61% fibonacci retracement level at (1) and at the same time FCX was creating a bearish rising wedge at resistance point (3). Major Trend Change at hand? Too early to tell,...
by Chris Kimble | Jan 25, 2011 | Kimble Charting
Patterns suggested that Copper and Freeport McMoran were at price points that they could get “tripped up” and decline. (see post here) CLICK ON CHART TO ENLARGE Since that post, FCX has broken a key support line dating back to the July lows. A...
by Chris Kimble | Jan 6, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE I shared that the CRB index was hitting its 50% retracment level and might have created a bearish “head & shoulders” pattern. (see post here) A few blog viewers correctly pointed out that the CRB index is...
by Chris Kimble | Jan 6, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE The U.S. Dollar ETF (UUP) could put a big crimp in commodity prices should an upside breakout of resistance take place at (4) in the chart above. Some commodities find themselves at vulnerable price patterns right now, (head &...
