Natural Gas Trading: Weekends Post for the week 27th Mar - 31st Mar 2017

NG is resisted by the lower trendline of the ascending channel. Failure to re-enter may mean lower price. If price manage to re-enter the channel, target / resistance are as shown in the 2nd chart.

Daily support/resistance on 27th Mar: 3.072, 3.054
Weekly support/resistance from  27th Mar - 31st Mar: 3.057, 3.008
Monthly support/resistance for Mar: 2.804, 2.875   (NGJ7: 2.83, 2.952  )
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 27th Mar - 31st Mar 2017

Crude oil traded sideways for the week, with weekly candle as spinning top in other chart. The 2 weekly candles seems to form a bullish tweezers pattern which need confirmation in the next few weeks.


Price may be trying to re-enter the ascending channel. The resistance and support is highlighted below.

In the monthly chart, it remains to be seen if April candle will be the same as on the left (the pattern that I mentioned in the previous few posts)

Daily support/resistance on 27th Mar: 48.05, 47.87
Weekly support/resistance from 27th Mar - 31st Mar : 48.18 , 48.25
Monthly support/resistance for Mar: 53.71, 53.13 (CLJ7: 53.82, 53.45, CLK7: 54.27, 53.93)
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 20th Mar - 24th Mar 2017

Resistance as shown in below weekly and monthly charts. monthly and daily ichimoku is above the price which is bearish but weekly is the opposite. Watch out for any breakout of the resistance above.



In the daily chart, price could go either way as shown below. It will go which way first? Let the weather decides .

Daily support/resistance on 20th Mar: 2.949, 2.9235
Weekly support/resistance from  20th Mar - 24th Mar: 2.986, 2.97
Monthly support/resistance for Mar: 2.804, 2.875   (NGJ7: 2.83, 2.952  )
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 20th Mar - 24th Mar 2017

CL has a weekly spinning top outside of the ascending channel. If price break the weekly low, you know where the next support is and if price break the weekly high, price is trying to enter the channel. Next few weeks are crucial. Watch the price movement.

From the monthly chart, I am watching if the exact same pattern on the left will repeat on the right.


In the daily chart, Price is currently at the daily 200 EMA / SMA . Above - bullish, below - bearish. It is not reflected in the chart below. I will include it in the next post.

Daily support/resistance on 20th Mar: 49.31, 49.41
Weekly support/resistance from 20th Mar - 24th Mar :  48.97, 48.4 (CLK7: 49.15, 48.93)
Monthly support/resistance for Mar: 53.71, 53.13 (CLJ7: 53.82, 53.45, CLK7: 54.27, 53.93)
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 13th Mar - 17th Mar 2017

NG is trying to re-enter the ascending channel. First resistance is at the lower trendline of the ascending channel. The next resistance is at 3.1-3.2 around the weekly mid of BB.

Daily support/resistance on 13th Mar: 3.030, 3.005
Weekly support/resistance from  13th Mar - 17th Mar: 2.929, 3.004
Monthly support/resistance for Mar: 2.804, 2.875   (NGJ7: 2.83, 2.952  )
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 13th Mar - 17th Mar 2017

As mentioned in past post, March would be bearish if it breaks 50.71. The same pattern that recurred this month. (see past post below)

http://tachartreading.blogspot.com/2017/02/crude-oil-trading-weekends-post-for_25.html

The price broke below the neckline of the IHS strongly signaling bearishness.

Below are the critical support for uptrend to continue.

Daily support/resistance on 13th Mar: 49.21, 48.66
Weekly support/resistance from 13th Mar - 17th Mar : 51.06, 49.28
Monthly support/resistance for Mar: 53.71, 53.13 (CLJ7: 53.82, 53.45, CLK7: 54.27, 53.93)
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 6th Mar - 10th Mar 2017

NG is still hovering below the ascending channel in the monthly TF. It is also above the long term downtrend line. If price consolidate around here for a while, chances are it is going to bounce.

However, it the daily TF, price broke below the ascending channel. If it could not return to the channel, it might go to $2 again closing the gap below.

Daily support/resistance on 6th Mar: 2.819, 2.808
Weekly support/resistance from  6th Mar - 10th Mar: 2.799. 2.747
Monthly support/resistance for Mar: 2.804, 2.875   (NGJ7: 2.83, 2.952  )
Monthly support/resistance for Feb: 3.199, 3.333  (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 6th Mar - 10th Mar 2017

Crude oil still trading around the neckline. It has been consolidating for many weeks.

In the daily TF, price is supported by the ichimoku cloud and near the bottom of the BB. It is still testing the neckline. There is a possibily that price might test the lower trendline of the ascending channel. But Friday candlestick looks bullish. A bounce may be eminent, pending confirmation.

Daily support/resistance on 6th Mar: 53.12, 52.97
Weekly support/resistance from 6th Mar - 10th Mar : 53.33, 53.58
Monthly support/resistance for Mar: 53.71, 53.13 (CLJ7: 53.82, 53.45, CLK7: 54.27, 53.93)
Monthly support/resistance for Feb: 52.98, 52.86 (CLH7: 53.16, 53.89' CLJ7: 53.86, 54.67)
2017 Yearly support/resistance: 49.35, 40.28