Master these steps, recognise this highly recurring zigzag pattern to find pot of gold. Example Singapore-listed Keppel Corp (ticker: Bn4.si).Step 1 – Retrace. Step 2 – Consolidate. Step 3 – Up. Step 4 – Repeat steps 1 – 3. Example with Keppel Corp (ticker: BN4.si).
Is it time for some energy-driven inflation? Will an energy sector recovery become new driver of bull market to relieve FANG stocks? WTI has broken decisively above 3-year high, XLE is at decade long support, there is a bullish expansion over March and XLE is 5-day best performer among S&P500 sectors.
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.
These are 4 oil and gas stocks listed on the Hong Kong Exchange that could be easily picked out with a stock scanner that looks for high volume trading or new 52-week high. They are Anton Oilfield, Sinopec, Hilong and Hong Hua.
At a high time frame from 2005 – 2017, Singapore stocks Sembcorp, Sembmarine and Keppel Corp appears to have strong positive correlation to WTI in this overlay. Over a shorter duration, that correlation is less convincing.
Weekly charts of NZDUSD, XAUUSD, GBPUSD, USDCNH and WTI ‘big picture’ analysis. Clicks together a story that indicates DXY weakening.
A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme – a turning point could be showing up soon seeing how these pairs might be at support.