Tuesday, May 31, 2016

Gold finally post a bullish engulfing today (that little bull is asian trading time), should it move up? Let's see!

For oil, it's a bear for today although it goes to $50 shortly. I have removed 50 MA and 200 MA, just bollinger bands (20, 0.618) and MA (20) which is the middle band (for confirmation of the continuation of the trend).  Now the plot looks simple. (simplicity!!!)

On this bull trend, it's hard to buy HOD for profit.

XP500 looks a clear bearish reverse!