Commodity Prices

	Gold •659 days	2,368.70	+35.30	+1.51%
	Platinum •10 mins	1,981.90	-56.50	-2.77%
	WTI Crude •11 mins	97.77	+1.92	+2.00%
	Gasoline •15 mins	3.480	+0.018	+0.51%
	Ethanol •659 days	2.161	+0.000	+0.00%
	Silver •659 days	30.82	+1.16	+3.92%

		Silver • 659 days	30.82	+1.16	+3.92%
		Copper • 659 days	4.530	+0.111	+2.51%
		Brent Crude • 11 mins	107.42	+2.35	+2.24%
		Natural Gas • 12 mins	2.562	-0.052	-1.99%
		Heating Oil • 16 mins	4.094	+0.106	+2.66%

1D
1M
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TheWaveTrading

TheWaveTrading

TheWaveTrading

My goal is to establish the most likely path that the price of a particular asset will undertake and profit through ETF instruments both on…

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Related News

XLE: Bearish Setup

By - Mar 12, 2014, 5:12 AM CDT

Reason:

XLE has failed to carry out a thrust following a Triangle.

This failure has turned a bullish pattern into a bearish one with a potential Double Top, which has a theoretical target at 83.74.

I don't have an entry price yet so I will see how price behaves today. Ideally I would go short on a rebound towards the 10 dma.

XLE Daily Chart
Larger Image

I will use $ERY (Energy Sector Bear 3 x ETF).

If the reversal pattern pans out the gap at 22.30 could be filled.

ERY Daily Chart
Larger Image

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