Natural Gas Stock Forecast | Oil | Dollar | Silver | GoldCatch the latest commodities trading insights! This week's market analysis includes a look at both sides of the coin for oil, gold and silver. Plus, get some helpful technical analysis and trading tips to guide your decisions.
AMEX:UNG Natural Gas stock Bulls NatGas Support & Resistance Guide
NYMEX:CL1! USO Oil Stock price Forecast
DXY US dollar Stock analysis
COMEX:GC1! Gold XAUUSD Stock price Forecast
COMEX:SI1! Silver XAGUSD stock analysis
USO
Potential bullish bounce off?USO/USD is reacting off the support level, which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially rise from this level to the take profit.
Entry: 60.51
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss: 58.82
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 62.83
Why we like it:
There is a multi-swing high resistance.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off major support?USO/USD has bounced off the support level, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 61.99
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 60.58
Why we like it:
There is a swing low support level.
Take profit: 64.07
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Natural Gas & Oil Rally...What You Need to KnowNatural gas price action made a bullish reversal on the daily chart.
Closing up 1.8% ahead of inventories is very aggressive trading by the bulls.
The last couple of inventory prints have been bearish.
Crude Oil inventories sent WTI crude higher.
Energy & oil stocks were very strong today on the drop in oil inventories.
September 19 week inventories dropped by about 3.5 Million barrels.
This is showing a greater demand for oil.
Crude is still chopping around in a very dangerous technical level. Hasn't broken out or down.
Gold | Oil | Dollar | Silver | Natural Gas Price ForecastCatch the latest commodities trading insights! This week's market analysis includes a look at both sides of the coin for oil, gold and silver. Plus, get some helpful technical analysis and trading tips to guide your decisions.
Gold | Oil | Dollar | Silver | Natural Gas Price Forecast
COMEX:GC1! COMEX:SI1! NYMEX:CL1! AMEX:UNG
Bearish reversal off major resisstance?USO/USD is rising towards the resistance level, which is an overlap resistance that lines up with the 61.8% Fibonacci projection and the 38.2% Fibonacci retracement, and could reverse from this level to our take profit.
Entry: 65.87
Why we like it:
There is an overlap resistance that aligns with the 51.8% Fibonacci projection and the 38.2% Fibonacci retracement.
Stop loss: 67.42
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 63.50
Why we like it:
There is an overlap in support.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.






















