Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.

The Seasonal Trends of Precious Metals |

As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends. Stocks plunged on Wednesday as investors monitored revelations coming out of Washington. The headline immediately took a bite out of equity markets overseas, which in turned spilled over to North American markets.

Despite the attempt in recent days to break resistance atthe break of support at major moving averages, such as the 20 and 50 day, proved to be more definitive, presenting what could be a double-top pattern. A break below horizontal resistance around calculates downside potential towardsinline with the present level of the day moving average, which has presented support to the longer-term trend over the past year and a half.

And as stocks suffer, bonds and bond equivalents traded higher, benefitting from this shift towards risk aversion. The iShares year Treasury Bond ETF continues to surge from horizontal and moving average support around the day. Momentum indicators on the bond ETF have been positively diverging from its price ever since the end of last year as the rapid liquidation of the asset class following the US election reached a point of exhaustion.

Declining trendline resistance remains a key hurdle overhead.

Seasonally, bond prices tend to gain between May and October. Turning to the weekly look at petroleum inventories in the US, seasonal stock market trends Energy Information Administration EIA is reporting that oil stocks declined last week by 1.

The first decline in domestic production of oil in 13 weeks helped to draw on stockpiles of the commodity, the supply of which is now at The price of oil gained following the report, adding around eight-tenths of one percent. Price continues to pressure broken trendline support, as well as its day moving average.

December Stock Market Trends | Frank Hogelucht | pupuzifecose.web.fc2.com

As for gasoline, the refined commodity recorded abarrel draw last week, resulting in another drop in the days of supply to The average for this time of year is An increase in the level of product supplied, a gauge of demand, and a slight decline in production was conducive to the inventory decline on the week.

Demand for the refined product remains healthy and production for the summer season still has a ways to go to ramp up, which initial introduction to binary options draw on oil stockpiles in the weeks and months ahead, potentially supporting the price of oil and gas. Production typically hits a peak for the year at the end of June, ahead of the high demand driving period.

Driving season unofficially begins with the Memorial Day holiday, now just one and a half weeks away. Sentiment on Wednesday, as gauged by the put-call ratio, ended bearish at 1. Sectors Energy Materials Industrials Discretionary Consumer Staples Health Care Financial Technology Utilities Futures Commodities Currencies Indices Interest Benchmarks Broad Market Forex Industry Comparative Seasonal Start January February March April May June July August September October November December Economic Data Employment Production Spending Inventories Sales Inflation Housing Posts Stock Market Outlook for June 21, Stock Market Outlook for June 20, Stock Market Outlook for June 19, Stock Market Outlook for June 16, Stock Market Outlook for June 15, Disclaimer: Comments and opinions offered in this website are for information only.

They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed. Equity Clock provides free seasonal investment research and analysis on equity, commodity, bond, and futures markets.

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