Lets see if natural gas will go past these level and trendlines. Smart money have increased their long position. I think it is coiling and will breakout soon.
Natural Gas has tested the breakout and should resume up now. Short term stop loss is 1.77 but long term would be 1.70 Fundamentally speaking, production will decline and market will rebalance itself and with amount of short natural gas has i am eyeing 2.50 by September , 2020
7-8% up from here and i am looking to get out of market and even start short positions.
Looking for AMD to double bottom around 35, if that level doesnt hold, look for 28-30.
IF 2100-2050 doesnt hold then 1800 is the level i am looking at. So from here market could drop up to 20% level, again no way to tell how long this virus will take hold of the market.
Buy at weekly 200 ma
Short spx and be bearish on rest of the market until snp breaks 2800, i would wait and get it as close to 2780-2800 range to short it.
Short Gold with SL of 1327, bearish divergence on daily RSI
Time to give HTZ short a go. layering in now, major position at close to 16.50-16.60, with Sl of 16.80.
Short nasdaq until it breaks 0.618 fib retracement level
Short until it breaks 0.618 on my chart
Gold has rallied and now hit some resistance, same with miners, took position in JDST from this morning.
short Natty here again, IF it breaks 3.62, cover.
Weather has been mild. We will gain storage deficit by end of this month. if we do not hear polar vortex in next two weeks, bulls will run out of rime
RSI way overbought, mild weather for next 14 days, should see some pull back
Near resistance, RSI creeping up.