by Chris Kimble | Apr 9, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE A fresh breakout from an “ascending triangle” is taking place in Crude Oil at (2) in the above chart. The “Power of the Pattern” suggested to buy DBC (see post here) in a quiz 18 days ago. Since...
by Chris Kimble | Mar 25, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Crude Oil broke above its rising channel, reached its 61% Fib retracment level, fell back and tested the top of its channel as support and now is testing Fib resistance again. Crude oil hasn’t succeeded nor failed at this key Fib...
by Chris Kimble | Mar 3, 2011 | Kimble Charting
Last week I shared that Crude Oil had created one of its largest upside wicks in the past 13 years in the chart below (see post here) Large upside wicks in Crude over the past 15 years has more often than not led to lower prices ahead. Creating...
by Chris Kimble | Feb 15, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Rising channel resistance dating back to the early 1980’s and fibonacci resistance both came into play at (1), about the time the news from Egypt took center stage. Crude oil has decline almost 10% in the past 14...
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 | Dec 23, 2010 | Kimble Charting
CLICK ON CHART TO ENLARGE Yesterday I shared that Crude oil was attempting to break above its 50% fibonacci retracement level (See post here). I mentioned that I would want to own a breakout and at this time Crude is 1% above the 50% level. I received several emails...
by Chris Kimble | Dec 15, 2010 | Kimble Charting
A week ago I shared that Gold looks to have created a “flat/double top.” (see post here) In that post I shared that due to the pattern at hand, I wasn’t comfortable with owning Gold/GLD or Silver at these prices. CLICK ON CHART TO...
by Chris Kimble | Nov 23, 2010 | Kimble Charting
Yesterday I shared that Crude Oil looked to be testing the underside of resistance and often this is a “kiss good-bye” on the way to MUCH LOWER PRICES (See post here) Is the same thing happening in Copper? See below- CLICK ON CHART TO...
