The One, Two, Three of Support and Resistance

Richard Weissman
Aug 23, 2021

I love creating sayings that drive home truths in technical analysis. One of my favorites has always been:

“First test good,

second okay,

third go the other way.”

So, what does it means? It means that the first test... more

Market Summary: August 22, 2021

Thomas Finlon
Aug 23, 2021

Petroleum prices plunged more than 8% this week, their largest weekly loss in more than nine months. Prices have fallen for seven consecutive days and are at their lowest level since May 20th. The last time WTI fell for seven consecutive trading... more

What's New in CQG Desktop Version 6.7

Marcus Kwan
Aug 16, 2021
General Ability to select system color scheme to match what device system is using Updated clock to be brighter Added full contract metadata information in CSPEC widget OTC/HMS Publish Bids & Offers widget Added filtering Added ability to... more

Notes From Underground: Before I Break

Yra Harris
Aug 16, 2021

On Sunday, we acknowledge the 50-year anniversary of Richard Nixon’s decision to close the GOLD EXCHANGE WINDOW and put an end to the post-World War monetary system known as Bretton Woods. I can say exactly where I was: A bus station in Afula,... more

Market Summary: August 15, 2021

Thomas Finlon
Aug 16, 2021

Petroleum prices ended the week mixed as the monthly IEA report warned of slowing demand growth linked to the ongoing resurgence of COVID-19 delta variant cases which reached six-month highs in the US. OPEC in its monthly report left its demand... more

The Roundtable Insight – Russell Napier and Yra Harris on Financial Repression and the Age of Debt

Aug 13, 2021

Russell Napier and Yra Harris on Financial Repression and the Age of Debt.

Russell Napier is author of the Solid Ground Investment Report and co-founder of the investment research portal ERIC. He has written macroeconomic strategy... more

Notes From Underground: Bye Bye, Jerome Powell

Yra Harris
Aug 09, 2021

Early last week Senator Elizabeth Warren made her case against Chair Jerome Powell. In a Financial Times article, the senator blasted Powell for his light regulatory touch while praising the efforts of Governor Lael Brainard. Yet many believe... more

Market Summary: August 8, 2021

Thomas Finlon
Aug 09, 2021

The likely growing impact on demand from a serious resurgence of the delta variant of COVID-19 propelled petroleum prices to their largest weekly drop since the week of October 2nd , 2019. Reinstituted restrictions particularly in China, the... more

Divergence 3

Helmut Mueller
Aug 06, 2021

A long time ago, I wrote two articles about divergence for our CQG blog that are probably still worth reading. Especially in the second article, I was using peaks on the indicators to measure price behavior on these points. I.e. if the indicator... more

Notes From Underground: The Fed As G-30 Proxy?

Yra Harris
Aug 04, 2021

Last week’s FOMC meeting went as expected but the press conference actually provided some solid questions as the media put some pressure on Chair Jerome Powell. NPR actually received an answer to what TRANSITORY means to the Fed chair: Prices... more