Author Cory Mitchell - CMT

Cory Mitchell is a proprietary trader and Chartered Market Technician specializing in short to medium-term technical strategies. He is the founder of VantagePointTrading.com, a website dedicated to trader education and market analysis.

Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association.

Energy FK1

Light Sweet Crude (CL) has been in decline, and heading toward a key support level. How the price acts near that level will let us know if this is a m ...

Metals FK1

The gold (GC) uptrend that began in December looks poised to continue. The price pulled back in the first half of March, consolidated and the broke th ...

Grains FK1

May soybean futures have been moving in an upward channel since August. This channel comes after an aggressive rally and sizable pullback in 2016. On ...

Energy FK1

After breaking out of an ascending triangle in December, the April contract for crude oil has been stuck between $56.92 and $51.86. This is a fairly n ...

Metals FK1

Platinum futures (PL) started off the year strong, rallying from near 800 to almost 1200. That rally broke the long-term downtrend and indicates that ...

Grains FK1

March 2017 soybean meal futures (ZM) surged from a February low of 269.9 to a June high of 389.8. Since that high the price the price had retraced 75% ...

Metals FK1

It's been a deep correction for silver (SI), following the rally that kicked off 2016. At the start of 2016 the March contract hit a low of 13.62. The ...

Softs FK1

Sugar (SB) has had an impressive run higher. On the March 2017 contract, sugar traded as low as 12.05 in August of 2015, and a recently has high as 24 ...

Grains FK1

The March 2017 soybean meal futures (ZM) surged from a February low of 269.9 to a June high of 389.8. Since June, soybean meal has retraced 75% of tha ...

Energy FK1

Amidst what is likely now a long-term uptrend--based on the strong bounce off a major support area at the start of the year (indicating a major low is ...

Grains FK1

Soybean futures (ZS) had a huge rally between March and June. The January 2017 contract went from 873.75 to 1182, a 35% gain. Since that high, January ...

Metals FK1

After a series of strong rallies earlier this year, silver is presenting another buying opportunity following a pullback. December silver futures (SI ...

Energy FK1

December heating oil (HO) is forming a bullish pattern, and even a slight rise in the price will trigger a long trade. The pattern begins by looking ...

Currencies FK1

Japanese Yen futures (6J) have been in a strong uptrend throughout 2016. When the price pulls back it has been bouncing off a rising trendline which e ...

Energy FK1

Gasoline futures typically do poorly in September. Over the last 12 years, gasoline futures (RB) have only moved higher in September only a couple of ...

Currencies FK1

The Euro is moving wildly on August 26 while Janet Yellen speaks, yet the overall outlook hasn't changed despite the intraday volatility. The big swin ...

Grains FK1

Wheat prices have continued to fall in June and July, bucking the trend in overall commodity prices. While wheat has yet to rally like other commoditi ...

Energy FK1

OpportunityThe last major buying opportunity in oil futures (CL) occurred in January and February.  After a strong rally that helps confirm a new long ...

Grains FK1

A decade of corn prices show that corn futures are trading near major long-term support, following a decline over the last month.  While picking an ex ...

Metals FK1

For most of 2016, and for most commodities, going long has been the favorable choice. That is also the case in palladium futures (PA). The September c ...

Metals FK1

July silver (SI) futures have been running strongly higher, from a low of 13.73 in December to a May high of 18.06. This rally has reversed the long- ...

Softs FK1

With a large contingent of commodities moving higher, Cocoa (CC) has been an outlier in May. After reaching a swing high of 3240, on the July contract ...

Currencies FK1

The June Mexico peso futures contract bottomed at 0.05111 in February, and then rallied. It bounced to a high of 0.05809 on March 31. Following the hi ...

Energy FK1

On March 10 it was indicated that natural gas was near 20-year lows, and presented a buying opportunity (see Natural Gas Near Historic Lows-Buying Opp ...

Metals FK1

May copper futures (HG) rallied from a low of 1.944 in January to a recent high of 2.3235 on March 18. Throughout March minor support developed at 2.2 ...

Grains FK1

Oats are trending lower. A simple trend following strategy is to enter short on a pullback as the price nears a former swing high.  Some traders watch ...

Metals FK1

Gold was on a tear recently. April gold (GC) futures bottomed at 1046.6 in early December, and took off in January. In early February the buying rampe ...

Softs FK1

Cocoa is in a tug-of-war between the buyer and sellers, with the price confined to a tight volatile range. When it breaks out, there is likely to be a ...

Energy FK1

Picking bottoms is a dangerous game, and for short-term traders there is little reason to do it. Oil prices will rise at some point, and an actual ris ...

Energy FK1

On October 27 oil (CL) made a false breakout below support at $44.31, the low throughout September. Following the false breakout it rallied to a Novem ...

Currencies FK1

Over the last year the Mexican Peso (6M) downtrend has been one of the most reliable. Pullbacks have stalled out near prior swing highs and then falle ...

Indexes FK1

After the decline to the August 24 low of 1823, the E-mini S&P 500 futures (December) have been moving in a large triangle. The high of the ascend ...

Softs FK1

December Cocoa futures (CC) traded as high as 3375 in July before falling to 2989 in August. The price has bounced off the low, trading at 3123 on Sep ...

Currencies FK1

Since early in the year when the Mexican Peso hit a high of 0.06904 the price has been respecting a downward sloping trendline. In mid- June the price ...

Softs FK1

The July Cotton (CT) daily chart shows the price of cotton making progress to the upside since late January, reaching a high of 68.13 on May 1. Since ...

Indexes FK1

After failing to make significant progress to the upside in recent months, the S&P 500 E-mini (September contract) has broken below a wedge format ...

Metals FK1

July copper futures (HG) held steady between May 4 and May 18, between 2.956 and 2.888. The consolidation was the top of a rally which commenced in la ...

Metals FK1

Since a high near 1744 in early 2013, Platinum futures have been in a downtrend.  With long periods of sideways movement and brief rallies the downtre ...

Softs FK1

In 2014 July coffee (KC) futures traded as low as 129.65 and as high as 232 as Ebola fears caused spikes in a number of commodities. Falling off that ...

Currencies FK1

Whether expecting a break lower, or a rally higher, US dollar index futures are trading right near support between 96.30 and 96.60. A break lower lend ...

Metals FK1

With a more than 1.25% decline in early trading on April 22, it's looking like the bullish phase in gold--which began in mid-March--is coming to an en ...

Energy FK1

May heating oil has broken out of a nearly month long consolidation. Since the June high of 3.0074, May heating oil futures fell to a low of 1.5566 ...

Currencies FK1

Since peaking at 1.7184 in mid-2014, British Pound futures (6B) have steadily lost ground. The futures bottomed at 1.4946 in January and have climbed ...

Indexes FK1

Since the December 16 low at 1961.50, and the December 26 high at 2088.75, the overall price range of the E-mini S&P 500 futures (ES) has been con ...

Currencies FK1

After breaking strongly lower in August, being short has been the ideal position in Japanese Yen futures. Since late December though, the short trade ...

Metals FK1

On January 12 gold futures (February) broke above a triangle pattern which extents back to late October. December saw a higher swing low, and now Ja ...

Indexes FK1

In October, Russell 2000 futures (TF) completed a major topping pattern indicating the trend was down and rallies were shorting opportunities. After r ...

Metals FK1

Gold is at a decision point - 1220 is where a five month downward sloping trendline intersects. 1240 is the resistance region from the last wave highe ...

Metals FK1

Copper has been in a long-term downtrend since 2011. A short-term rally may provide a shorting/sell opportunity within that longer-term downtrend. S ...

Softs FK1

March Sugar is in a downward trend channel but has been consolidating at the bottom of that channel since late September.  The consolidation has taken ...

Grains FK1

March corn (ZC, XC) is at a key level, consolidating between 395 and 371. The price declined throughout September in alignment with the prior downtr ...

Grains FK1

December wheat (ZW) broke below a month long rising channel on November 6, indicating the downtrend is likely continuing.  This comes after wheat ente ...

Softs FK1

After spending most of 2013 north of 80, and as high as 97.35 in 2014, December cotton reached a low of 60.83 in September.  When dealing with a large ...

Metals FK1

December Gold Futures just barely edged past the prior low and large triangle bottom at 1185 to 1183.3 on October 6, before quickly rallying back insi ...

Indexes FK1

The December E-Mini S&P 500 Futures (ES) is at anticipated support given the uptrend. 1916 through to 1882 forms the base from which the last pr ...

Energy FK1

After trending lower since July, the price of December Light Sweet Crude is consolidating between 94 and 89 (rounded). The breakout of this consolida ...

Grains FK1

Late August to the start of October is a bearish time for wheat according to the seasonal chart. So far that tendency has been playing out, exacerbate ...

Indexes FK1

The Nikkei 225 (NKD) peaked right at the end of the 2013, and proceeded lower until mid-May. June saw the price creep back higher, but that has stagna ...

Grains FK1

Through June and July the price of oats stabilized, finding support above 316 and putting in a rounded bottom. A strong pop higher in August has pushe ...

Currencies FK1

If you were asleep for the last seven months, then you missed nothing in the Japanese Yen futures market (6J, and E-mini is J7). It has been moving la ...

Softs FK1

After nearly doubling in price at the start of 2014, coffee futures (KC) are showing signs of a major turn-around. Figure 1. Coffee Futures Daily Cha ...

Currencies FK1

Following a downtrend which lasted the last half of 2013, through 2014 the US Dollar (DX) has been trading within a range. At the end of the July the ...

Indexes FK1

The S&P 500 remains in an uptrend, but here are key levels to keep in mind going forward. The S&P 500 is moving higher within a channel whic ...