Short-term signals in E-minis, crude and gold

June 21, 2016 12:16 PM

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The Cycle Projection Oscillator (CPO) is indicating some potential near-term opportunities in several markets. Looking at a 240-minute chart of the E-mini S&P 500 shows potential weakness over the next couple of days (see chart).

The CPO is also projecting WTI crude oil to slip over the next few days. WTI has recently dropped from overbought territory according to the CPO and is sitting near its 10- and 20-day moving average lines (see chart).

The CPO is also suggesting that gold is nearing oversold territory and could turn higher over the next week. 

About the Author

John Rawlins is a former member of the CBOT with more than 30 years of experience in trading and research. He co-developed the Cycle Projection Oscillator, which has been featured in Futures and numerous research reports, with an aerospace engineer to identify the dominant cycles in a data stream and project them into the future. Reach John at johnrawlins@msn.com. @cpopro1. You can reach John at johnrawlins@msn.com.