Posts tagged 'Head & Shoulders'

Crude Oil - Trend Bearish, but Pullback should be TemporaryA break, at the beginning of 2017, above the neckline to a broad bullish weekly Head & Shoulders pattern which was formed with a "Head" at last year's 14 year Oil low at 26.14 has proved a false one.Last week's decline took the market back under that neckline... read more

Update 20th OctoberCRUDE OIL - testing key necklineOn the 12th August our long-term analysis to buy Oil (43.49) was partly based on a similar pattern in FTSE. The market is now testing the key neckline and while we expect bullish sentiment in Oil to continue, there could be a pullback. For this reason we would take... read more

....The background to medium term analysis to CABLE has to be the bullish inverse Head & Shoulders pattern that the chart below shows.This year's trading has been dominated by downside attempts in January, March and April that formed the three bases that create the Head & Shoulders formation. This pattern very often confirms a strong change... read more