Joseph Souhlakis

Crude Oil Testing an Important Reference

Oct 23, 2015

During the past two months, December crude oil has been contained within a 44.45 to 50.88 range. About two weeks ago, the market came within ten ticks of the 50.88 balance high, but failed to take it out. Since that day, the market has gone lower... more

A Series of Triangle Formations in Gold's Downtrend

Oct 05, 2015

Since 2011, gold has been in a downtrend from the 19207 all-time high to the 10723 low made earlier this year. During this four-year trend, gold has had a series of consolidations, in the form of triangle formations, followed by downside... more

Natural Gas Still Coiling for a Breakout

Sep 11, 2015

Two weeks ago, I wrote an article about how natural gas was testing the low of a several-month balance of 2640 to 3013. Additionally, at that time natural gas had formed a relatively tight five-day balance of 2642 to 2735 at the bottom... more

Natural Gas Testing the Balance Low

Aug 28, 2015

Since May 2015, October natural gas has been rotating within a 2640-to-3013 balance bracket. During that time, the market has traded up near the top and down near the bottom of the range several times. However over the past five days, the market... more

Natural Gas Coiling for a Breakout

Aug 07, 2015

Over the last few months, September natural gas has been trading within a relatively wide 2600-to-2988 range. However, since late June 2015, the ranges in which the market has been rotating have been contracting. During the past twenty-five... more

Crude Oil Testing a Balance Low

Jul 31, 2015

For the past six weeks, crude oil has come off from about $62 down to about $47. However, over the past seven days, the September contract found a rotational range from 47.06 to 49.63. On Friday, July 31, 2015, crude oil took out the 47.06... more

Gold Testing a Two-Year Balance Low

Jul 17, 2015

For over a year now, gold futures have been contained within an 11304-to-13078 balance bracket. Since January 2015, gold has been contained within an even tighter 11416-to-12320 range. Additionally, each weekly high over the past five weeks is... more

Possible Downside Breakout Failure in Crude Oil

Jun 26, 2015

For the last two weeks, August crude oil found a relatively tight, 5919-to-6163 rotational trading range. During that time, the market tested the range's extremes several times on each end. However, on Friday, June 26, 2015, crude oil gapped open... more

Crude Oil Coiling for a Breakout

Jun 12, 2015

In the summer of 2014, Crude began a seven-month, over $50 decline to about $42. However over the past four months, it has slowly traded back above $60, settling near that price on Friday, June 12, 2015. During the last six weeks, crude oil found... more

A Significant Move May Be Ahead in the RBOB Crack Spread

Jun 05, 2015

Over the past ten weeks, the spot RBOB crack spread has come into balance, having a similar weekly range over that span. The 2217-to-2769 balance bracket is in a relatively tight range for a ten-week period in the volatile spread. Additionally,... more