FINANCIAL ICEBERG
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TECHNICALS
Canadian Technical Charts Potpourri
June 19 2017 ( From TradingView)
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Canadian Stocks (XIU ETF) lost some traction after the Bank of Canada shifted
to a restrictive stance last week.
Some Technical Charts and Short Comments on Canadian financial products:
1) XIU ETF (iShares S&P/TSX 60 Index ETF) Broke the Previous Major
Weekly Double Top Breakout Trendline at 22.78 that was critical for Bulls.
Still into a Weekly Downtrend Channel (See first chart below, Channel)2) XFN ETF (iShares S&P/TSX Capped Financials Index ETF) Still into a Weekly
Downtrend Channel and near previous Major Weekly Breakout Trendline from
June 2007. (See second chart below - Red Trendline)3) XBM ETF (iShares S&P/TSX Global Base Metals Index ETF) broke last week
the Weekly Support Trendline. (See third chart below - Left - Yellow)
4) XEG ETF (iShares S&P/TSX Capped Energy Index ETF) still into a Weekly
Downtrend Channel. (See 4rth chart below - Channel) Bulls losing control as we Broke
the Weekly Support Trendline 4 weeks ago (yellow).
5) Canadian Dollar/ US$ (USDCAD) Testing a Weekly Megaphone Support Technical Pattern.
(See fifth chart below - Blue Trendlines) 6) XBB ETF (iShares Canadian Universe Bond Index ETF) Broke last week a steep Weekly Rising Wedge Support Trendline. (See sixth chart below - Yellow Trendlines) Still above the 52 weeks moving average (green line).
7) Canadian VIX Index (SPTSX60 Volatility) compare to the US SP100 Index VXO is back above the resistance zone. (See seventh chart below - Grey Trendline). Canadian stocks are getting more Volatile than US stocks on Bank of Canada restrictive bias last week ago.
8) Natural Gas Futures (NG2-NYMEX) still below the Previous Weekly Breadown Trendline from March 2016, critical for Bulls to break. (See eight chart below - Blue trendline). Still into a Weekly Downtrend Channel.
9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern Trendline three weeks ago, into a Weekly Downtrend Channel. (See ninth chart below - Grey Trendline).The XIU ETF broke a Major Weekly Support as the Bank of Canada surprise us with a restrictive bias last week.
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"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."
-Sun Tzu, the Art of War
Canadian Technical Charts Potpourri $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #bonds #gold #vix
Weekly Chart ( Candles )
XBB ETF ( iShares Canadian Universe Bond Index ETF )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart
SPTSX60 Index ( XIU ETF - Top Panel - Candles )
XIU ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
Natural Gas Futures ( NG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Weekly Chart ( Candles )
Canadian Dollar/USD pair ( USDCAD )
Financialiceberg.Com
Weekly Chart
SPTSX Financials Index ( XFN ETF - Top Panel - Candles )
Financialiceberg.Com
Weekly Chart
SPTSX Base Metal ( XBM ETF - Top Panel - Candles )
XBM ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart
SPTSX Energy ( XEG ETF - Top Panel - Candles )
XEG ETF Volume ( Bottom Panel - Blue Area )
RATIO - Weekly Chart ( Candles )
TMX SPTSX60 Index Volatility ( VIXC ) vs
CBOE SP100 Index Volatility ( VXO )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
