The Brains Trust, page-1248

DrFork's Weekly Prong-nosis and Fork-cast 12 Feb 2017

XAO - All Ords found support on 50% line of red fork. Coming up to green median line resistance.


XSO - The Small Ords testing the pink median and nearly up against the next blue warning line

DOW - The Dow broke above the top red tyne after two rounds of resistance. The aqua warning line will be the next resistance.


S&P500 - Price up against top tyne of ST blue fork. Likely to be confined within it in the ST.

Spot Gold - Price met resistance at the dashed aqua reaction line after which it found support on the lower yellow tyne.


Spot Gold AUD - Resistance respected at light blue median and lower yellow warning line.


Spot Silver - Silver continuing its smooth and steady move upwards and due to test top red tyne.

WTI Crude Futures- Price bounced off SMA200 and threatening the top yellow tyne again. Price has been pushing up at this level for over two months and any break will be significant IMO.
Brent Futures - Brent coming up to test yellow warning line and then green median soon after rebounding off red warning line after initial failure to break the green median.


Copper Futures - Price recovered off the red Schiff fork's median and then put in a strong move to close just above it. Consolidation here will establish base for break of blue median line.

AUD / USD - Price spent this week backtesting lower pink tyne as well as consolidating along blue fork tyne.