Energy stocks had prospects to become star performers in 2018 based on their January performance as well as performance of WTI. With the US stock correction however a 5-day heatmap reveals Energy (XLE) to be the worst performing sector. Also WTI technicals, performance of SGX-listed Keppel, Sembcorp.
Examples of line chart analysis on NATGAS and AUDJPY for purely educational purpose (for forex traders). KISS – keep it simple, easy to learn and use.
SATS prints bearish elements with a head and shoulders reversal pattern, staying in the red after nearly 3 quarters and printing a new low for the year in August.
Hang Seng Index is bearish with many confluences including bearish reversal chart pattern, failing 52-week high. HSI Futures avail on MT4.
High impact news-driven price spikes are a wealth of information. Closing price shows effective levels, tails print maximum bull-bear power.