Home   Links   Editorials

Gold Pause & Oil Surge

email: admin@captainewave.com
website: www.captainewave.com

Jan 20, 2019


Short Term Update:

Within wave .iii. we continue to work on our first impulsive sequence, as shown on the daily gold chart.

We have taken a very bullish approach and are working on the assumption that only wave ?iii? ended at the 1300.40 high and that we are now correcting in wave ?iv?.

Our retracement levels for wave ?iv? are:

23.6% = 1279.20

38.2% = 1266.10

On the intraday chart it now looks like wave ?iv? has become more complex than just a simple bullish triangle, and we should expect gold to move back to at least the 1278.20 level, before wave ?iv? ends.

Wave ?iv? does include a small bearish triangle within its internal corrective pattern. Once wave ?iv? ends we expect another push higher in wave ?v? to complete all of !iii!. Our next projected target for the end of wave ?v? and !iii! is:

!iii! = 2.168!i! = 1358.40

We do have higher projections and wave .iii. should subdivide into a 5 wave impulsive sequence in its journey higher. 

This triangle pattern will only be eliminated if we now trade below the 1278.10 low.

Even if this triangle pattern is eliminated the trading patterns on the intraday chart still suggest that the drop from the wave ?iii? high of 1300.40 is corrective, which supports higher prices ahead!

Our first projection for the end of wave .iii. is:

.iii. = 1.618.i. = 1447.20

Weekly Gold Chart:

Longer term, our projections for the end of wave -iii-, as shown on this weekly gold chart, are:



Trading Recommendation: Go long gold. Use puts as stops.

Active Positions: We are long, with puts as stops!

Crude Oil: 

Crude Oil Daily Chart:

Short Term Update:

It is looking like we should see one more push after the current high of 53.31 to complete all of wave *a*.

We are now working on the assumption that all of wave (a) is now complete at the 42.21 low and that our expected wave (b) rally is now underway. Our retracement level for all of wave (b) is:

50% = 59.41

61.8% = 63.52

In the short term we have now shown a possible 3 wave pattern within wave (b), and if this pattern is what crude is doing, then all of wave *a* of (b), could now be complete at the 53.31 high.

Upon completion of wave *a* we expect a wave *b* setback that will then be followed by another rally in wave *c* to complete all of wave (b).

We are expecting that wave *b* should retrace between 50 to 61.8% of the entire wave *a* rally.

Of course, wave (b) could become much more complex than we are currently suggesting also.

As we are rallying in a wave (b), we expect price action to be choppy.


Suncor has confirmed that all of wave (i) is complete at the 25.81 low and that we continue to rally in wave (ii).

As a minimum the wave (ii) rally will have at least one 3 wave pattern, and is crude has now completed wave *a* of (b), then we should except that Suncor has completed its first leg higher within wave (ii), at the 31.34 high.

We should expect that the wave (ii) rally retraces between 50 to 61.8% of the entire wave (i) drop. Those retracement levels are:

50% = 34.04;

61.8% = 35.98.

Trading Recommendation: Go long oil with puts at 57.00 as a stop.

Active Positions: Long with puts at 57.00 as a stop!                                    

Free Offer For 321Gold Readers: Please send me an Email to admin@captainewave.com and I’ll send you our key “Silver Surge: Is This For Real?” report! We focus on a powerful silver stock as well as key short and long term charts for silver bullion. We include tactical approaches to make money on the current wave counts action!



Jan 20, 2019
captainewave & Crew!
email: admin@captainewave.com
website: www.captainewave.com

Risk: captainewave.com is an impersonal advisory service and, therefore, no consideration can or is made toward your financial circumstances. All material presented within captainewave.com is not to be regarded as investment advice, but for general informational purposes only. Trading stocks does involve risk, so caution must always be utilized. We cannot guarantee profits or freedom from loss. You assume the entire cost and risk of any trading you choose to undertake. You also agree to bear complete responsibility for your investment research and decisions and acknowledge that captainewave.com has not and will not make any specific recommendations or give advice to you or any of its clients upon which they should rely. captainewave.com suggests that the client/member test all information and trading methodologies provided at our site through paper trading or some other form of testing. captainewave.com, its owners, or its representatives are not registered as securities broker-dealers or investment advisors either with the U.S. securities and exchange commission or with any state securities regulatory authority. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest with or without seeking advice from such an advisor or entity, then any consequences resulting from your investments are your sole responsibility.

All information posted is believed to come from reliable sources. captainewave.com does not warrant the accuracy, correctness, or completeness of information available from its service and, therefore, will not be liable for any loss incurred. Due to the electronic nature of the internet, the captainewave.com website, its e-mail & distribution services and any other such "alerts" could fail at any given time. captainewave.com will not be responsible for unavailability of use of its website, nor undelivered e-mails, or "alerts" due to internet bandwidth problems, equipment failure, or acts of god. captainewave.com does not warrant that the transmission of e-mails, or any "alert" will be uninterrupted or error-free. captainewave.com will not be liable for the acts or omissions of any third party with regards to captainewave.com delay or non-delivery of the captainewave.com nightly emails or "alerts". Further, we do not receive any form of payment or other compensation for publishing information, news, research or any other material concerning any securities on our site or publish any information on our site that is intended to affect or influence the value of securities.

There is no guarantee past performance will be indicative of future results. No assurance can be given that the recommendations of captainewave.com will be profitable or will not be subject to losses. All clients should understand that the results of a particular period will not necessarily be indicative of results in future periods. The results listed at this website are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated trades do not represent actual trading. Also, since the trades have not actually been executed, the results may have over or under compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. No independent party has audited the hypothetical performance contained at this website, nor has any independent party undertaken to confirm that they reflect the trading method under the assumptions or conditions specified hereafter. While the results presented at this website are based upon certain assumptions believed to reflect actual trading conditions, these assumptions may not include all variables that will affect, or have in the past affected, the execution of trades indicated by captainewave.com. The hypothetical results on this website are based on the assumption that the client buys and sells the positions at the open price of the stock. The simulation assumes purchase and sale prices believed to be attainable. In actual trading, prices received may or may not be the same as the assumed order prices.

321gold Ltd