Saturday, October 28, 2017

Natural Gas Trading: Weekends Post for the week 30th Oct - 3rd Nov 2017

With new contract kicking in next Sun/Mon for investing.com chart, it is tricky to analyze those chart as gap closing might be happening next week. Nevertheless, below are the support/resistance.






Daily support/resistance on 30th Oct: 2.973, 3.0
Weekly support/resistance from 30th Oct - 3rd Nov 2017: 2.961, 2.96 (NGZ7: 2.997, 3.072)
Monthly support/resistance for Nov: (NGZ7:  , NGF8: )
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )

2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 30th Oct - 3rd Nov 2017

Oil is very bullish on Friday. On daily TF, it has reached resistance, pending confirmed breakout.


On 4hr TF, it has closed outside of the BB and a retracement could be coming, probably to the mid of BB.


On the weekly TF, it is in the resistance area whereby range movement could happen. A strong breakout must happen for oil to go higher. With OPEC meeting coming in 1 month time, any breakout may not happen soon unless more bullish action from opec countries I think.




Daily support/resistance on 30th Oct : 53.87, 53.23
Weekly support/resistance from 30th Oct - 3rd Nov: 53.75, 52.88
Monthly support/resistance for Nov:   (CLZ7: )
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
Monthly support/resistance for Sept: 47.40, 48.01   (CLV7: 47.41, 48.05 ; CLX7: 48.05, 48.38 )

2017 Yearly support/resistance: 49.35, 40.28

Friday, October 27, 2017

Crude Oil Trading: Weekends Post for the week 23rd Oct - 27th Oct 2017



Daily support/resistance on 23rd Oct : 52.68, 52.39
Weekly support/resistance from 23rd Oct - 27th Oct: 51.95, 51.72
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
Monthly support/resistance for Sept: 47.40, 48.01   (CLV7: 47.41, 48.05 ; CLX7: 48.05, 48.38 )
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 23rd Oct - 27th Oct 2017





Daily support/resistance on 23rd Oct: 2.899, 2.904 (NGZ7: 3.058, 3.07)
Weekly support/resistance from 23rd Oct - 27th Oct: 2.907, 2.9 (NGZ7: 3.104, 3.097)
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 16th Oct - 20th Oct 2017



Daily support/resistance on 16th Oct : 51.35, 51.21
Weekly support/resistance from 16th Oct - 20th Oct: 50.43,51.09
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
Monthly support/resistance for Sept: 47.40, 48.01   (CLV7: 47.41, 48.05 ; CLX7: 48.05, 48.38 )
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 16th Oct - 20th Oct 2017



Daily support/resistance on 16th Oct : 3.01, 3.005
Weekly support/resistance from 16th Oct - 20th Oct: 2.979, 2.932
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086 )
Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )
2017 Yearly support/resistance: 3.415, 2.757

Saturday, October 7, 2017

Crude Oil Trading: Weekends Post for the week 9th Oct - 13th Oct 2017

Support / resistance as shown. watching if a bounce will occur at the next critical support.




Daily support/resistance on 9th Oct : 49.49, 49.96
Weekly support/resistance from 9th Oct - 13th Oct: 49.64, 50.41
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
Monthly support/resistance for Sept: 47.40, 48.01   (CLV7: 47.41, 48.05 ; CLX7: 48.05, 48.38 )
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 9th Oct - 13th Oct 2017

Bullish report but bearish price action. Not sure what was the trigger. Support / resistance below. Watching if a bounce coming a more down on the way.



Daily support/resistance on 9th Oct: 2.872, 2.887
Weekly support/resistance from 9th Oct - 13th Oct: 2.941, 2.89
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086 )
Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )
2017 Yearly support/resistance: 3.415, 2.757