InTheMoneyStocks Market Analysis

This is a discussion on InTheMoneyStocks Market Analysis within the Daily Analysis forums, part of the Commercial category; The commodity oil is going lower, as I predicted a week ago. The $75 level was a major technical resistance ...

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Old Jul 12, 2018, 5:23pm   #1306
Joined Jan 2009
Predicted Oil Collapse Underway...See The Targets Here

InTheMoneyStocks started this thread The commodity oil is going lower, as I predicted a week ago. The $75 level was a major technical resistance point (seen on the chart) spanning back years and common sense told you not only would July 4th mark a high pivot, but President Donald Trump would start ripping OPEC to get oil down into the mid-term elections. Every political party in charge talks oil down into elections to get a few extra votes. This November is one of the most important elections in recent history. These factors all spell major trouble for oil. I have a first support target of $66 in the charts from my short alert at $75.00. The first target is just that, a quick bounce before oil heads even lower into November. The final target into November is $55.00/bbl. See you there!


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Gareth Soloway
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Old Jul 12, 2018, 6:01pm   #1307
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Copper Futures Has Been Melting Lower, Watch This Bounce Level

InTheMoneyStocks started this thread Copper futures (HG-U18) have been falling sharply lower over the past five weeks. The industrial metal topped out on June 7, 2018 at $3.31. Since that high pivot, copper futures have fallen lower by over 16.0 percent. Today, copper futures are trading around the $2.79 level.

Traders should remember, the strong U.S. Dollar will generally hurt the price of copper and most other commodities. The U.S. Dollar bottomed out earlier this year and continues to remain near nine month highs. The pattern in the $ U.S. Dollar Index (DX-U18) chart is indicating more consolidation near term, so that could be positive for copper very soon.

Traders should watch copper futures (HG-U18) around the $2.62 level. This is where the 200-week moving average is currently at. There is also a lot chart support around this level as this is where copper futures formed a basing pattern back in the first half of 2017. Some major copper equities that could benefit from a bounce are Southern Copper (NYSE:SCCO) and Freeport McMoRan Inc (NYSE:FCX ).


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Nicholas Santiago
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Old Jul 16, 2018, 5:28pm   #1308
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Here's The AT&T Level That Every Trader Should Know

InTheMoneyStocks started this thread Everyone in the trading world is talking about AT&T (NYSE:T) these days. As you all know, the communications giant recently won a case against the DOJ regarding a merger with Time Warner. Since that court ruling the shares have continued to slump. Last week, the DOJ said that they would appeal the court decision.

The truth of the matter is that AT&T (NYSE:T) shares topped out in July 2016 at $43.89 a share. Since that pivot top in the stock price the share has dropped sharply and currently trade at $31.87 a share. Traders and investors should now watch the $29.65 level for support. This important support area is a major retrace level for the stock. Often, major retrace levels will serve as excellent support when retested.


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Old Yesterday, 5:32pm   #1309
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The Mylan $MYL Chart Pattern Suggests Lower Ahead

InTheMoneyStocks started this thread Mylan NV (NASDAQ:MYL) is a leading developer of branded and generic drugs. The stock has been slumping since peaking in late January 2018 at $46.72 a share. Since that high pivot, the stock has fallen by more than 10.0 points and is now trading at $36.33 a share. The current daily chart pattern is forming a bearish consolidation pattern which indicates lower share prices ahead. Traders and investors should now watch for major support around the $34.50 area. This support level is where MYL broke out in October 2017 and should be defended again when retested.

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Old Yesterday, 7:54pm   #1310
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Major Gold Buy Level Revealed

InTheMoneyStocks started this thread Gold continues to fall as the U.S. Dollar grinds higher and investors flock to stocks versus the safety of the metal. In addition, it can not be understated how much crypto-currency has taken some of the buyers away from gold. Whatever the reasons, gold continues to tumble, now trading below $1,230/ounce. After analyzing the chart of the gold ETF $GLD, the buy level appears to be $112.50. That signals a drop below $1,200/ounce before the buy becomes a fantastic swing trade play.


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