Here are reasons to short natural gas at this level:
1. Both MACD and RSI have reached overbrought level. 1 Year MACD reached historical high since Oct 2004.
2. Reached 2.7-2.73 resistance level
3. Mild temperature will not boost the short term demand.
Silver was definitely undervalued due to strong demand, supply deficits and the gold-silver ratio.
In this chart, the blue moving line is the price of gold. We could obviously find that the gold-silver ratio has reached the highest level.
So for long term view, buying silver is a really good choice.
However, shall we buy the silver now or later? Here are couple...
Fed's policy bullished both S&P and Gold. But for now, gold might need to take a breathe before going higher.
RSI is in the overbought area. Two exhausted candlesticks are also appeared. We can short the gold by watching those resistances and supports. 1430 would be a strong resistance, and the green bars are strong supports.
Gold broke its previous resistance and move higher. And we could find that there are tons of resistances ahead of current level.
RSI and MACD are overbrought. So i think we need a healthy correction very soon.
Gold is finally break the previous resistance due to the tumble of US Dollar (DXY). But it still looks very bearish.
We could found numerous resistances above the current level, and i think it will be very hard for gold to keep moving up.
During the mid of November, we experienced a terrible bull attack. I shorted Natural Gas at 4 and got a huge loss.
Thanks to the setting of stop loss, i survived from that bounce. I also heard many traders lost their position when they waked up in the morning.
Hedge Fund "OptionSellers" managed by the legendary trader James Cordier, broke in one night, because...
Obviously, the market is trying to bounce back after a deep sell. We don't know how long it will last, and we don't know how high it will reach.
But we are pretty sure that there are numerous resistances are waiting for the market.
I would like to short this market when there are exhausted candle sticks at the top of the bounce.
Remember to set the stop loss to...
Crude Oil bounced more than 7% today, but we find couple strong resistances ahead.
I would like to short this market once it failed to break the resistances.
Set the stop loss and let's see what will happen in the next few weeks.
Natural gas reached 3.295 today, upped 19% in a month. It just the beginning of October, the weather is going mild in the next two or three weeks. So we will probably have another two or three weeks injections before the real winter coming. So i think it's still too early to chase that high, and the bulls are facing extremely high risk. Technically, we have...
From the chart, we could easily figure out the importance of trendline. Each time bitcoin failed to break the downtrend line, it went lower and lower. Once it broke the downtrend line, there would be a strong bounce.
Now, we have reached the downtrend line once again. Long if it break, otherwise short.
On Monday S&P broke the history high once again and today's candle stick broke the previous trendline with a more aggressive hike.
RSI is in uptrend, but its already in the overbrought zone.
MACD is bullish.
I don't want to buy this market, because i think everything are too expensive to buy right now.
I am waiting for a clear signal to short this market.
Bitcoin got a $1000 boom in 30 min later this afternoon. But dramatically, it fell back inside the long term trend line after the touch of $8087. Let's see if the bitcoin could break the trend line and getting another boom. Yellow bars are the support and resistance areas.
Gold touched its strong support at 1289 on Thursday, and it appeared a swing on Friday. I think gold will probably have a pull back to the 1303-1314 area, then heading to 1250. If gold breaks the resistance, no short position.
On Wednesday, FED announced that the Balance-sheet reduction process will begin next month. Also, the possibility of a December rate hike...