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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
This positive divergence shall play out at the bottom vs at the top - negative divergence. Two trend-lines on the price (downtrend line broke and being retest).
Bullish divergence on daily, a bounce is definitely going to happen $UNG $UGAZ
The end of the dark tunnel for $UNG $UGAZ is nearing.
short squeeze will happen. Price is above cross over over the mid-line.
Dip to 3.075, NG is on wave 3 move to 3.27 on 8HR chart.
here is why..
And TD sequential was at 9 too, moved up to 3.12 $UNG $UGAZ
12 HR and daily chart reached to TD sequential 9 and is above 2.88 support. Target $3+
So it has a good chance to pullback before rate hike speculation starts soon. I see 1277-1298 trading range for coming days until rate hike is done. Next Jan see 1300+.
112 and 111.50 are support areas, bounce back to 113.3 is next move.
112.03 is 200 weekly support, shall bounce to 113.3 then drop again next year.
A pullback to 1280s is likely, the path is on chart. $GLD $GDX
Buy at market open, pump and dump $SPY, the path is clear.
Short at 113.70 and target 113 and lower, stop 113.80.
Be cautious, another 30-50 points drop is not impossible.
Good luck to $GLD $GDX $GDXJ $JNUG $NUGT
Shall bounce back again next week.
Moving up along the 3/4 HR cloud.