Sunday, November 26, 2017

Crude Oil Trading: Weekends Post for the week 27th Nov - 1st Dec 2017

Crude oil is bullish before Opec meeting; keeps having new high. Would it reach 60 before before the meeting?

The monthly chart below is showing the the resistance area and the likely movement. 

In the weekly TF, price is already at resistance zone. Any up move will be small and slow unless OPEC has very good news for the market this week.

Daily support/resistance on 27th Nov: 57.4, 58.40
Weekly support/resistance from 27th Nov - 1st Dec: 58.45, 57.4
Monthly support/resistance for Dec:   (CLF8: )
Monthly support/resistance for Nov: 53.75, 51.98  (CLZ7: 53.81, 52.15)
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 27th Nov - 1st Dec 2017

NG has a bearish week. It is not at a support which could trigger a bounce as shown in the daily chart below.

In the monthly chart, price is below the 20 SMA and it near the area of support which could trigger a bounce, losing the support could push the price further down below 2.5 as shown in the chart below.

Gaps can be seem in the weekly and 4hr chart. Which gap will be filled first? Winter forecast shall dictate the direction.


Daily support/resistance on 27th Nov: 2.892, 2.849
Weekly support/resistance from 27th Nov - 1st Dec: 2.943, 2.866 (NGZ7: 2.962, 3.041)
Monthly support/resistance for Dec:  (NGF7:  , NGG8: )
Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
2017 Yearly support/resistance: 3.415, 2.757

Saturday, November 18, 2017

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



Daily support/resistance on 20th Nov: 56.57, 56.11
Weekly support/resistance from 20th Nov - 24th Nov: 56.53, 55.98
Monthly support/resistance for Nov: 53.75, 51.98  (CLZ7: 53.81, 52.15)
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
2017 Yearly support/resistance: 49.35, 40.28

Friday, November 17, 2017

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



Daily support/resistance on 20th Nov: 3.12. 3.097
Weekly support/resistance from 20th Nov - 24th Nov: 3.139, 3.134
Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
2017 Yearly support/resistance: 3.415, 2.757

Saturday, November 11, 2017

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




Daily support/resistance on 13th Nov: 56.92, 56.95
Weekly support/resistance from 13th Nov - 17th Nov: 56.86, 56.79
Monthly support/resistance for Nov: 53.75, 51.98  (CLZ7: 53.81, 52.15)
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
2017 Yearly support/resistance: 49.35, 40.28

Natural GasTrading: Weekends Post for the week 13th Nov - 17th Nov 2017



Daily support/resistance on 13th Nov: 3.213, 3.198
Weekly support/resistance from 13th Nov - 17th Nov: 3.193, 3.138
Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
2017 Yearly support/resistance: 3.415, 2.757

Friday, November 10, 2017

Genting Singapore monthly chart

I drew this many months back. A picture speaks a thousands word. Enough said

Sunday, November 5, 2017

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

Oil breaks out of the strong resistance. Let's see if there is any correction before continuing going up.



Daily support/resistance on 6th Nov: 55.49, 55.08
Weekly support/resistance from 6th Nov - 10th Nov: 55.39, 54.76
Monthly support/resistance for Nov: 53.75, 51.98  (CLZ7: 53.81, 52.15)
Monthly support/resistance for Oct: 51, 49.71  (CLX7: 51.14, 50.13 ; CLZ7: 51.46, 50.58)
2017 Yearly support/resistance: 49.35, 40.28

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

NG is still flirting at monthly mid BB. It is sloping upwards which is good news for bulls. Winter is coming - buy the dip? Watch out for warmer winter too. I think NG is still in range bound.






Daily support/resistance on 6th Nov: 2.984, 2.964
Weekly support/resistance from 6th Nov - 10th Nov: 2.972, 2.927 (NGZ7: 2.972, 2.927)
Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)
Monthly support/resistance for Oct: 3.026, 3.021 (NGX7: 3.041, 3.086, NGZ7: 3.206, 3.233 )
2017 Yearly support/resistance: 3.415, 2.757