gbleier

gbleier Updated 

Natural Gas correction after reaching $6.70 looks likely

gbleier

Reaching the resistance since February on gold, area is 1815 - 1825.

gbleier Updated 

Fed can only prop up markets by injecting billions of dollars for so long... My guess is by 3400-3500 we will have formed RSI divergence within the pattern. Pattern is also crazy similar to Jan-Feb of 2018 where prices looked to be skyrocketing with no return, only for a very hard correction within a short time frame. Short Squeeze to 3450-3500 until...

gbleier Updated 

Fundamental $2.00 level has been broken, signaling how weak the market actually is, during a time it should be strong. Due to oversold conditions, temporary prop back up to $2.05 - $2.11 (previous support) level is expected. Natural gas analysts are expecting natgas production to remain high throughout 2020 which will eventually subside in 2021, when cuts...

gbleier Updated 

Per my last prediction, I think since we have broken out we will reach 58.80 (with possible extension to 59.50) and head lower, since we will be overextended at that point. I don't think we will go higher than this, especially with recent bearish inventory data. Honestly surprised as to why it is rising after that data came out but, you know... Oil money. ...

gbleier Updated 

NATGASUSD is highly oversold on every single chart except the daily (M30, 1H, 2H, 4H). On the daily chart, while not oversold, we have reached the RSI support line we have held since August 2019 (3 mo.). This line can easily be broken, but it is here where I am taking a position with a tight stop loss. Price bounced from the 2.26 (0.236) fibb level, and will...

gbleier Updated 

TVIX is approaching support around 11.50 and consequently VIX approaching a critical support since July 25th set at 14.00 - 14.20. Watch this area closely for a bounce and for the volatility to rise. Trade deal was weak as expected, not much substance in my opinion to give the markets the rise they need. December all over again? Watch this closely! Not...

gbleier Updated 

Here is my take on OIL at the moment. OIL is at a critical point, where it might either break out and reach $58.60 - $58.80 before falling back to $53.30 or lower. As it is in a diamond formation, I expect a break down to $55 area first. But as I was analyzing past patterns, when it has broken resistance at and subsequently bounced from $56.50 it tends to...

gbleier Updated 

As stated as an update on my previous post, we have moved toward the option of tracing highs to 3040. This is now looking like the most likely option, making one last touch before heading down at or before October 11th (projected). This is where several strong lines of support and resistance meet. This option looks likely as we could be setting up for another...

gbleier Updated 

If you look at the past 4-5 strong reversals, they have almost ALL been H&S reversals. I'm going to go ahead and throw this out there! November is approaching quickly, and is a month where these prices tend to spike. Not always, but likely. Price might go down to 2.13-2.15 area and back to neckline. RSI divergence on H1 plot. If it breaks this, next...

gbleier

Getting ready to buy inverse natural gas, $DGAZ. Natural gas is nearing the long term channel which it hasn't broken several times. Natural gas has touched the top of this channel every - 6.90 - 7.00% as you can see in the D1 graph. First touch - -6.99%, 994 bars (62 d 15 h) Second touch -6.90%, 860 bars (54 d 00 h) Wait for strong breakout confirmation...

gbleier Updated 

The perfect storm, at exactly the wrong time. - Trade war that keeps getting worse, no talks until September - Fed rate cuts did nothing to help the problem - China weakens their currency + adds to tariffs - Gold reaches all time highs, moves higher as sign of recession looms - Weak reportings from companies affected by trade war just now starting to come...

gbleier Updated 

I will preface this that this all of this can and will be invalidated if BTC activity changes drastically and brings down the market with it (or breaks the trend I show above). Several analysts predict it'll go down, question is - will it bring down other altcoins with it? I looked at previous patterns, and the current = $LINKUSDT / $BTCUSDT pattern. I'm leaving...

gbleier Updated 

NatGas - Short term to possibly fall to lower support and then to 2.60 before falling again, or bounce from 2.45 and up.

gbleier Updated 

TLDR: Be in control. Do not blindly believe what others tell you. Take the amazing analysts on here and run with ideas that help you grow. Do not reject ANYTHING from anyone. RESPECT everyone's ideas, especially ones like MagicPoopCannon that go against popular belief, because the more self-awareness you have, the more prepared you will be. If you do not...

gbleier Updated 

Update to my previous analysis where we missed target - I was off as I believe FUD and skepticism is slowly taking over and people are uncertain of either a large drop to 9800 and below or shot to 11150 and then 11500. This plus a combination of day traders who are buying and selling these regular oscillations between 10500 - 10800 are suppressing bulls. Here...

gbleier Updated 

Looking at similar trends, will we be at the 11,500 (11,400 est) by 12 tonight, midnight on 6/22/19? It looks inevitable. Unless we hit a wall at the 11150 resistance, it seems to be a matter of 5-6 hours. I will be watching pullback at 11150 and 11500 levels, possibly to the 10800 and 11150 respectively. If we have a new low that introduces itself along our...