Use this as a guide to develop your view of the situation. Main items we can see on the Weekly Chart: a) Take a look at the 2 previous descending trendlines (white) in the past b) Observe how in both of them the price broke the descending trendline and after that, a corrective movement came c) That corrective movement took about 3 to 5 weeks to be ready ...
- Today has seen the release of this week Natural Gas Storage numbers within the United States - This weeks numbers shown a further build 70bcf for Week Past slightly lower than analysts forecasts
Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to...
Finally an opportunity for this misunderstood asset. Let's buy the breakout to the 60 entrancement in the daily. Good luck!
Use this as a guide to develop your view of the chart. Main items we can see on the Weekly Chart: a) The price is on a significant Support Zone b) We can see two similar situations on the past that can work as filters c) Those situations had in common the next steps: Broken Descending Trendline + Corrective Structure d) We will be waiting for a similar...
*DISCLAIMER*-This is WEEKLY Chart- Not advisable to trade without an proper analysis. Not my fault if you traded and made a loss. It is not like trading on M15 or H4, ONE Candlestick is actually 1 week so it is long term trade. I will explain how to better catch the trade at correct level with no risk. The Natural Gas is in Channel, there has been multiple...
Price is ranging right now within the green box. Support looks like it should hold. There may be larger powers at be that do not want crude to fall back below $25. Decent bounce off $2.50 support. I think it's safe to assume it'll hold for now. $2.78 resistance needs to break in order to continue trend upwards. Ultimately depends on the outcome of the OPEC...
Use this as a guide to develop your view of the chart Main items we can see on the Monthly Chart: a) There is a massive Support zone between 1,6 - 1,2 b) This Support has been working since 1992 c) Currently, the price is on 1,6 / The first contact with the support zone d) We think the price will make reversal structures before starting the bullish...
This is based on the idea of a trend reversal on the weekly. energy prices have crashed and now they will slowly recover. No saying what the top is but the system is pumped full of money. There is going to be big inflation sooner or later and this can help give some sort of timeline,.
Headlines: • Crude Futures Plummet on Growing Concerns About Coronavirus and its Global Spread • US Indexes Take Hit as Global Risk-Off Play’s Out With all Indexes Down -3% • Saudi Aramco Gets Approval for Development of the Al-Jafoura Field • Natural Gas down more than -3.5% falling from week highs
Surpassing conservative and taking bigger profits as indicated in the graph, that leads us to a reassessment of the next big move to come. First of all congratulations to those who took some short term gains from the previous analysis I provided. Lets agree that sometimes we make calculated risk and some luck is involve. Learning to trade on a fine balance between...
Headlines: • Daily Production Continues to Fall Amid Further Tensions at Tripoli Port • Covid-19 Daily Infection Rate Drops Bringing Hope to China • US Markets Finish Majority Lower as Effects of Virus Trickle into Production Data • Natural Gas Futures Continue its Run into the Week up 7% for the day
Headlines • RBOB Gasoline Futures Sitting at Important 1.5900-1.6000 Zone • Natural Gas Surges on Open Gapping Up +3% • Japan Releases Disappointing GDP (-1.6%) for the Quarter Seeing Japanese Indexes Drop • US Set to Observe Presidents Day Holiday During Monday
Headlines: - Natural Gas Futures gap lower seeing them drop below 1.800 level for the first time since 2016 - COT report shows build in Short NYMEX Light Crude Oil Non-Commercial positions for week - Asian Equities Down as fear is still present within Investor Sentiment - China Releases Unexpected Increase in Inflation Data for the Month of December
lets see if it can reach a highest fail point
Use this as a guide to develop your view on the Chart. Main Items we can see on the 4hs Chart: a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650 c)The main structure for the down move is a descending channel, is very...