Nadia Simmons and P. Radomski
Nadia is a private investor and trader, dealing in currencies, commodities (mainly crude oil), and stocks. Using her background in technical analysis, she spends countless hours identifying market trends, major support and resistance zones, breakouts and failures. In her writing, she presents complex ideas with clarity that enables you to easily understand market changes, and profit on them. Nadia is the person behind Sunshine Profits' 3 premium trading services: Forex Trading Alerts, Oil Trading Alerts, and Oil Investment Updates.
Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com.
Nadia Simmons and P. Radomski Articles
Short positions continue to be justified as crude oil declined and came back to the previously-broken orange support line, which suggests that we'll likely see an invalidation of the breakout above it in the coming day(s). This scenario is...
The outlook for the crude oil appears to be bearish and its links with gold and silver appear to confirm it. It appears that the profits from our short position in crude oil will increase further before this trade is over.
Earlier today, the U.S. Department of Labor reported that the number of initial jobless claims in the week ending December 4 rose by 13,000 to 282,000, missing analysts' forecasts. As a result, the USD Index moved slightly lower, but did...
Crude oil declined sharply and closed the previous week under the lower border of the consolidation (marked on the weekly chart), which suggests that further deterioration is just around the corner. Therefore, short positions (which are...
Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective. On Friday, crude oil extended losses after bearish Baker Hughes report. As a result, light crude...
