Jim Parrish and Kris Hicks

About the Author

Parrish Hicks Capital Research is a trading and technical analysis firm that specializes in Energy and Metal commodity futures. The two founders, Jim Parrish and Kris Hicks, have a combined 38 years’ experience in the commodity business and in 2011 accurately forecasted both $25 moves to the downside in May and July and the $25+ move to the upside in October. They also called the all-time high day for Gold on September 6, 2011 and forecasted a projected downside target of 1528.10 in March 2012. Their trading methodology has a high degree of accuracy which confirms tops/bottoms, projected trading ranges and projected targets for those ranges. Their expertise is focused on 16 commodities plus the comparable ETF markets. You can reach them at Jim@ParrishHicks.com and Kris@ParrishHicks.com or at www.ParrishHicks.com.

Oil risks testing contract lows at $88.09

By Jim Parrish and Kris Hicks | October 22, 2012

Oil should be able to find some initial support just below $90 on Monday, but if it is unable to sustain a rally to help the market close above $91.73, look for WTI to fall back lower to retest the contract lows at $88.09.
Gold risk falling below $1,700; natural gas faces resistance

By Jim Parrish and Kris Hicks | October 19, 2012

Gold will need to see extensive support above this week’s low of $1,729.70 or otherwise it will move lower next week as it goes after our Q4 downside objective of $1,697.70.
E-mini S&P eyes 1512 on positive earnings

By Jim Parrish and Kris Hicks | October 18, 2012

Should the S&Ps move through the recent ceiling of 1470, look for this market to push through the 1500 mark as it goes after our yearly upside objective of 1512.00.
Oil builds momentum as WTI-Brent spread narrows

By Jim Parrish and Kris Hicks | October 17, 2012

Given that there is more than an 87% chance that last week will have either its high of $93.66 or low of $88.21 violated this week, look for the current price action to push this market higher through last week’s high to $94.91.
Gold grasps for support to end correction

By Jim Parrish and Kris Hicks | October 16, 2012

Gold has entered into the upper echelon of the Short Term support zone located between $1,732.50–$1,719.90. Should the market hold this zone, it could soon see the end to the current seven-day correction.
Natural gas could see quick drop on profit-taking

By Jim Parrish and Kris Hicks | October 15, 2012

A drop below Friday’s low in natural gas could signal a profit taking sell-off that could drop this market from its oversold stature down at least $0.20 cents.
Natural gas bulls in control as storage numbers miss expectations

By Jim Parrish and Kris Hicks | October 12, 2012

November Natural Gas shot up higher on Thursday to new 2012 highs as the storage injection was less than most were expecting.
Oil looking for a bottom after month’s $13 decline

By Jim Parrish and Kris Hicks | October 11, 2012

Look for WTI to rebound on Thursday and make a move back above $93 as the oil market looks to try and find a Short Term bottom after a $13 decline in the last month.
Natural gas finds support amid speculation of colder winter

By Jim Parrish and Kris Hicks | October 10, 2012

November Natural Gas once again found solid support under $3.35 on Tuesday as it rallied sharply higher in the second half day of trading on speculation of a colder winter than last year.
Gold finds support near $1,770; oil remains bullish

By Jim Parrish and Kris Hicks | October 9, 2012

After failing to violate last week’s low and finding strong support just below $1,770, look for gold to continue its rally higher back into the recent distribution zone it has been stuck in just below $1,800/oz. on Tuesday.