OST 0.00% 86.5¢ onesteel limited

charts and trading thoughts, page-23

  1. 372 Posts.

    A good strong day today, everywhere actually (Comments of the Day - May 28th - by Redbacka).

    OST has some favourable indicators at the moment, mentioned in it’s two charts below; Daily and Weekly.

    We also have several other favourable factors around the world on our side. I will leave it with you but things look a lot more promising than any other time since the beginning of May, when the proverbial hit the fan.

    Shonan Trader


    Other Info


    Bullish for Stocks/Commodities

    • Falling US$
    • Rising EURO vs. US$
    • Rising Commodity Channel Index (CCI)
    • Falling VIX
    • XSO (Australian Small Ords Index – Often ahead of the trend)





    OST - Daily

    Image and video hosting by TinyPic



    OST - Weekly

    Image and video hosting by TinyPic



    US$ - Daily

    Image and video hosting by TinyPic



    VIX - Daily

    Image and video hosting by TinyPic



    XMJ - Daily

    Image and video hosting by TinyPic



    EURO vs. US$ - Daily

    Image and video hosting by TinyPic



    An Argument for a bounce in the Euro/Stocks & Commodities

    "So the smart bet to make today is the contrary one, fighting the euro-to-zero groupthink and being long this battered currency. Sooner or later some catalyst is going to drive some euro strength, which should ignite a monster short-covering rally to kick off the euro’s next upleg. The best part is this will hammer the overbought dollar, paving the way for capital to return to oversold stock markets and commodities."

    Source: Euro to Surge




    XSO - Daily

    Image and video hosting by TinyPic



    END
 
watchlist Created with Sketch. Add OST (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.