Archive of Technical Analysis - The Henwood Edge
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“Shoulder Months” in Natural Gas May Be a Thing of the Past
Posted on September 10, 2012 by Christopher Henwood in Energy, Fracking, Natural GAS, Shale Gas, Technical AnalysisMuch like the shoulder pads that characterized the 1980s fashion scene, “shoulder months” in natural gas may soon be fondly recalled by natural gas traders in the not too distant future. Consider that during the month of January 2012 the...
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No Relief in Post Labor Day Gasoline Prices
Posted on September 6, 2012 by Christopher Henwood in Ben Bernanke, Crude Oil, Energy, Federal Reserve, Gasoline, Iran, Refining, Technical Analysis, WTISeasonality is dead in the gasoline market. Since its inception, one could expect the price of gasoline to peak just prior to Memorial Day Weekend as the summer driving season kicked off and retreat to its yearly lows as the...
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Gold Will Rally … Just Not as Soon as You Think
Posted on September 5, 2012 by Christopher Henwood in Ben Bernanke, Central Banks, Dollar, Eurozone, Federal Reserve, Gold, Inflation, Technical AnalysisThe gold market hangs on Federal Reserve Chairman Ben Bernanke’s every word; it’s tone and any inference derived therefrom. So it comes as no surprise that his latest indication that QE 3 might be on the way sent gold on...
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3-2-1 … Countdown to WTI’s Next Rally
Posted on September 4, 2012 by Christopher Henwood in Crude Oil, Energy, Technical Analysis, WTIThe price of light, sweet crude oil is heading higher in the next few weeks and will test the key resistance level of $103.35. Both fundamental and technical factors are behind what will be the next big rally in WTI...
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Brent / WTI Spread is at a Crucial Juncture
Posted on February 2, 2012 by Christopher Henwood in Brent / WTI, Crude Oil, Energy, Geopolitical risk, North Sea Brent, Technical Analysis, WTIThe Brent / WTI spread is at a crucial juncture. It is currently right on the 100-Day Moving Average. A Settlement above the 100-Day should push the difference between the world’s two benchmark crude contracts to widen into the $18.50...
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Don’t Believe Everything You Hear … Silver Not Dead Yet!
Posted on January 31, 2012 by Christopher Henwood in Central Banks, Eurozone, Silver, Technical Analysis“Mr. Henwood, the time to get short Silver is now!” the voice on the other end of the phone emphatically exclaimed. A few years ago, I wound up on some list that has been making the rounds to various commodities...
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Crude Oil Preparing for Lift-Off
Posted on January 23, 2012 by Christopher Henwood in China, Crude Oil, EIA, Energy, Geopolitical risk, North Sea Brent, Technical Analysis, WTIWith the price of WTI wrapping itself around the $100 mark, and Brent confined to the space between its 100 and 200 Day Moving Averages, the market is ripe for a break out. The question is: will it be to...
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BYE, BYE SEASONALITY
Posted on January 9, 2012 by Christopher Henwood in Energy, Gasoline, LATAM, Refining, Technical Analysis“In the Gasoline market, we are NOT going to see a return to seasonality”, says Abudi Zein of Genscape. Seasonality is the tendency of the Gasoline market to have high price peaks and low price troughs throughout the course of the...
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Talk About Your Dead Cat Bounces…
Posted on January 5, 2012 by Christopher Henwood in EIA, Energy, Fracking, Natural GAS, Shale Gas, Technical AnalysisThe price of Natural Gas appears to be headed in only one direction ... down. Yesterday there was a brief sign of life as it bounced off the lows and settled above the $3 mark. Today’s EIA weekly storage report...
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Gold Back From the Dead
Posted on January 4, 2012 by Christopher Henwood in Dollar, Geopolitical risk, Gold, Technical AnalysisThe reports of Gold's death are a bit premature. A few weeks back, I predicted a buying opportunity for Gold in the coming weeks. As everyone is aware, the end of the year tested the resolve of the Gold buyer looking...
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