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The TurnSignal Indicators in Commodities Markets
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Corn, July 2007 on a Daily chart...
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Gold, June 2007 on a Daily chart...
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Heating Oil, June 2007 on a Daily chart...
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Silver, July 2007 on a Daily chart...
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Corn, July 2007 on a Daily chart
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CORN had a nice run-up at the end of 2006.
TurnSignal changed the price bars to green at the end of August but the entry did not materialize until the end of September, when
Fast crossed and separated from Medium and the Oscillator turned green and moved above zero. The first exit presented itself in early November when the
Pivot Line identified a new pivot high but the change of color back to red did not come until near December 1, after another small run-up had occurred.
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Gold, June 2007 on a Daily chart
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GOLD moved higher at the beginning of 2007. In mid-January,
TurnSignal turned the price bars green, the
Fast Line crossed above the Medium Line and the Oscillator moved above zero to indicate an alignment of momentum. The top
Pivot Line identified one new pivot high and then a second, before the price bars moved below
Fast and
TurnSignal changed the color of the bars to red in early March.
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Heating Oil, June 2007 on a Daily chart
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HEATING OIL corrected towards the end of 2006 and the down move continued into January, 2007. While the
TurnSignal indicator colored the price bars red at the beginning of December, the down move was not identified until the price dropped below the bottom
Pivot Line around Christmastime. The short position was intact until mid-January when the bottom
Pivot moved down to identify a new pivot low and the Oscillator turned green to identify weaker, downside momentum.
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Silver, July 2007 on a Daily chart
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SILVER was fairly thinly traded on this daily chart but
TurnSignal and the
TurnSignal indicators still gave entry and exit signals. The best move during this period was identified in late January when
TurnSignal changed the color of the bars to green, the
Fast Line moved above the Medium Line, the price bars moved above the
Fast and the Oscillator moved above zero. This uptrend remained intact until around March 1 when the top
Pivot Line moved up to identify a new pivot high and the price bars moved sharply below the
Fast. Waiting until the price bar turned red at the close of the bar would have cost much of the profit on the trade but the change in
Pivot and position of the price bar to the Fast would have given an earlier signal to exit.
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