Chris Vermeulen - The Gold and Oil Guy – Tue 9 Jan, 2018

Oil Trading At A 3 Year High

The Technical Traders, Chris Vermeulen is with us today to share his thoughts on the oil sector. With crude over $62/barrel this is a level we have not seen since late 2014. The recovery has been slow for oil but it has built a nice base which typically results in a more powerful rally. Chris is careful to point out that he is not expecting a straight up move from here. We also look at the recovery underway in the dollar.

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Chris VermeulenCory Fleck
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  1. On January 9, 2018 at 8:55 pm,
    Matthew says:
  2. On January 9, 2018 at 9:31 pm,
    Matthew says:

    Gold and the gold and silver miners have been waiting for silver to get it together to “confirm” their respective bullish action. Of the group, only silver saw its 50 week MA go above the 200 week MA and not stay there. For the rest, the MAs look great and have room to spare.

    It took six more months but the picture is now looking better for silver and the 50 MA has again crossed above the 200 MA:

  3. On January 9, 2018 at 10:29 pm,
    Wolfster says:

    This could be a catalyst for hive to start trending higher since ethereum price isn’t doing anything for it