• 388 days Could Crypto Overtake Traditional Investment?
  • 393 days Americans Still Quitting Jobs At Record Pace
  • 395 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 398 days Is The Dollar Too Strong?
  • 399 days Big Tech Disappoints Investors on Earnings Calls
  • 399 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 401 days China Is Quietly Trying To Distance Itself From Russia
  • 401 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 405 days Crypto Investors Won Big In 2021
  • 406 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 406 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 409 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 409 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 412 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 413 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 413 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 415 days Are NFTs About To Take Over Gaming?
  • 416 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 419 days What’s Causing Inflation In The United States?
  • 420 days Intel Joins Russian Exodus as Chip Shortage Digs In
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Sound Money Commodities are Warming Up

Commodities

Yes we have a pop up in gold! But look around, other sound money commodity are trying to find a bottom ...

Below is the Crude oil Sweet Light chart. Supply is being bet with demand, and you see this with the higher volume on the short thrust. When price moves less on higher volume this is Wyckoff law of 'Effort vs Results' at play, so higher volume with poor price movement is less results for the effort by the shorts hence the longs are stepping up.

However this does NOT mean lower prices are over for crude, it does mean if we get a sell off on lower volume this would be the shorts last roll of the dice. A low volume sell off would show the market the bears have run out of juice thus allowing the bulls to accumulate with some safety. A Wyckoff trader would like to see a wider trading range proving accumulation is present. Watch and waiting!

Crude is a large part of the CRB index, crude turns or slows, so will the CRB index.

Crude Oil Monthly Chart

Some interesting comments in this video...about China!

Just a reminder that Wyckoff logic and readtheticker.com are not one hit wonders, this video was spot on!

Investing Quote...

"One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, taken together, enough millions of dollars to build a concrete highway across the continent." ~ Jesse Livermore

"One must search through a maze of complex and contradictory details to get to the significant facts ... Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts." The challenge for the successful speculator is "how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts." Moreover, "if you get all the facts, your judgment can be right; if you don't get all the facts, it can't be right." ~ Bernard Baruch

"Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market." ~ Warren Buffet

"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch

"How many millionaires do you know who have become wealthy by investing in savings accounts?" ~ Robert G Allen

 

Back to homepage

Leave a comment

Leave a comment