bottom_scalper

bottom_scalper

Long-range weather model showing signs of colder weather approaching end of January. Bias is now bullish short/mid-term. Lets see if this bad boy can get back above 4 in the next week or two. Technically trend is still bearish as 20MA has yet to crossover 50MA, but will be looking for this cross to happen soon. For now, should tag 50MA on this next move up if...

bottom_scalper

Weather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking....

bottom_scalper Updated 

HUGE rejection right off of 2.825 (July 11 high). Bearish setups are still in play as I expect a bullish move on Wednesday and EIA report (last two reports were bullish so I expect shorts to cover a bit). As such, I expect a retest of today's highs ~2.81-2.825. I doubt natty will break 2.825 unless EIA report is extremely bullish. Therefore, I'll be looking to go...

bottom_scalper

Natty has found a strong bottom at 2.7. An important thing to note about this price is that technicals supported this price as a perfect place to bounce as it served as May's monthly bottom and strong bullish RSI divergence on the daily reflected signs of a strong possible bounce. Anyways, going-forward, regardless of weekend gap (i think we gap down based on last...

bottom_scalper

Looking for natty to repeat this and last weeks movement for next week. Overall natty is stuck in a range and should continue to be until we see any significant changes in weather outlook.

bottom_scalper

Bearish rising wedge forming. looking to short at 3.02 if we can get ehre.

bottom_scalper Updated 

Sharp pull-back after breaking 3s was expected. I think we backtest 3s again soon. For now, nice bounce off bottom of old range. We could see a new range open up higher from 2.88 - 3.02. Will look to reshort at top of range and long at bottom. GL everyone!