Hewison Updates us with Videos of the Dollar, Gold, and Crude Dec 17
Adam has been working overtime! This morning, Adam Hewison sent out three brief video updates on the current trend and quick analysis of the US Dollar Index, Crude Oil, and Gold.
I wanted to provide the quick links to the videos for your convenience.
Adam’s analysis often focuses on the basics of trends, trend reversals, trendlines and Fibonacci Retracement levels to watch. He also does a good job of explaining quick Inter-market insights.
I tend to skim over the ‘basics’ when doing advanced analysis, so I enjoy his videos which brings us back to the 10,000 foot view of what is going on from a classic technical analysis perspective.
The above chart is Adam showing the declining trend of the US Dollar Index along with the positive (standard) MACD Divergence… and the recent positive trendline break. As such, his video is entitled:
“Has the US Dollar Index Bottomed Out?”
Adam then moves to the Crude Oil market in his video:
“Crude Oil: Lower Levels Ahead?”
Hewison writes:
“The crude oil market continues to soften and is now close to some important levels that I think we should look at. In my new video we look at what is happening in this market right now and what we expect to happen in the future.
As we have indicated in our earlier posts, we are now in the official “silly season” for trading. What I mean by that is the markets will be very thin, choppy and can be moved by a relatively small amount of money.”
Finally, Adam posts a quick 3-min update on Gold strangely titled:
“It’s Officially Silly Season for Gold.”
We are already in the “silly season” and what I mean by that is after December 15 most traders are not serious about the markets and they’re not committed to any large positions for the balance of the year.
As you will see in the video, gold has fallen back to an area that should provide support, however it will remain choppy and thinly traded for the balance of the year.”
For a quick perspective and top-level view of these markets, take a look at any of these videos.
For a bit more analysis on these markets recently, see any of my prior posts:
Monthly Gold Prices Hint at Correction
A Look at Gold Prices Year to Date in 2009
Key Trendline Breaks in US Dollar Index
Broken Andrews Pitchfork Grid on Crude Oil
Putting Major Markets into Perspective: A Look Back from 1999 to 2009
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
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Hewison Updates us with Videos of the Dollar, Gold, and Crude Dec 17
