From my blog: McDonalds short? I'm loving it! McDonalds (MCD) has been above the 200sma on the 30 min chart for three hundred 30min periods, which is statistically too many and there's bearish divergence on the weekly chart. It's had a fantastic run ...

From my blog: Goldman Sachs contradict Russia on it's oil production Russia has stated this week that it looks forward to a successful outcome to next weekend oil producers meeting in Doha. Russian energy minister Alexander Novak has stated that ...

From my blog: Japan to Intervene in the Yen? Not yet say hedge funds. Speculation as to when intervention in the yen will occur has been intensifying as the currency continues to strengthen. With an 11% gain so far this year, government worries on ...

From my blog: Australia agrees with Goldman Sachs on gold Gold has moved in a $75 range for nearly two months now as shown on the chart as shown above. Goldman Sachs have a bearish view, contrary to many, predicting $1000 by the year end url . On ...

From my blog: Still happy short oil...for now! As an oil bear, Tuesday and Wednesday caused some nervousness, but for both Brent and WTI, the price stayed within a level where I'm happy, namely below the middle Bollinger Band on the daily chart. If ...

From my blog: GBPJPY long trade approaching On the 15 min chart, gbpjpy has been away from the 200sma for 400 candles, which is very overextended. There is bullish divergence on the 1 hr chart, and I'm just waiting for it to come out of oversold ...

From my blog: Time for a bite of APPLE Apple is very overextended on the 30 min chart. It's currently 370 candles from the 200sma, which is statistically way too many. Looking at the daily chart, it bounced off the daily 200 sma on Monday. Today it ...

From my blog: Oil inventories fall, previous support becomes resistance? Oil ripped up the page on a surprise fall in US crude stocks this afternoon with an intra day high of 37.80 on WTI. But will this level hold as a high? The 4 hour wti chart ...

I think after the Doha oil producers meeting on 17th, we'll see a big move one way or the other

From my blog: $36 in sight for Brent The daily chart in Brent gives an indication of possible further falls to come. As highlighted, the daily candle broke the lower Bollinger band with a very decisive bearish candle. BB breaks can be a great area ...

From my blog: FTSE falls but still stuck in sideways Another early morning sell off for the FTSE 100 but I'm still waiting. The daily chart shows sideways movement for the last 5 weeks with it bouncing up and down in the blue range. Until it breaks ...

From my blog: OIl 5min bearish divergence A volatile instrument for a divergence play on the 5 min WTI chart, but there's certainly bearish divergence there at the moment.

From my blog: Euro head and shoulders forming? Still early days, but one to keep an eye on is eur/usd 1 hr chart for a possible head and shoulders pattern to complete (marked in yellow). Another for the watchlist.

From my blog: Bounce due in gbpaud? The weekly chart shows GBPAUD's decline since August last year. It's just popped out of oversold on RSI, and there's hidden bullish divergence too. Time for a retrace to previous S/R at about 1.9100?

From my blog: EURGBP on watchlist EURGBP has had a fine run since the end of November and as the weekly chart shows, is approaching previous strong resistance, with a series of nice long wicks to the candles on the weekly chart shown in yellow. ...

Oil Bulls getting nervous? A busy week in oil saw some decent falls in price. Much of the recent rise in price has been down to the anticipation that the upcoming oil producers meeting in a couple of weeks in Doha, will see a freeze in production, ...