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

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

Crude Oil Trading: Weekends Post for the week 2nd Oct - 6th Oct 2017

Oil is bullish but a correction seems to be coming

Daily support/resistance on 2nd Oct: 51.60, 51.51
Weekly support/resistance from 2nd Oct - 6th Oct: 51.64, 51.63

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 )
Monthly support/resistance for Aug: 49.12, 47.03  (CLU7: 49.15, 47.12 ; CLV7: 49.28, 47.25)

2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 2nd Oct - 6th Oct 2017

NG has rolled over to new contract and the price is flirting with the weekly 20 SMA.

In the 4 hr TF,tThe contract gap has not been closed and it could be an island reversal. 200 SMA/EMA is currently acting as a support while the ichimoku cloud is acting as a resistance. Soon we will know the direction.

In the monthly TF, the doji can be seen. Oct or Nov shall be the decisive month as the winter forecast is more firm.

Daily support/resistance on 2nd Oct: 3.018, 3.018

Weekly support/resistance from 2nd Oct - 6th Oct: 2.994, 3.010

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 )
Monthly support/resistance for Aug: 2.948, 2.856  (NGU7: 2.854, 2.941)
2017 Yearly support/resistance: 3.415, 2.757

Natural Gas Trading: Weekends Post for the week 25th Sept - 29th Sept 2017

NG is at the bottom of the ascending channel. Either a bounce or break from here. Support / resistance as shown.

The 200 SMA appears to be strong resistance and price being rejected there this week. Ichimoku cloud providing support.


Oil could be flirting with the monthly 20 SMA again.

Daily support/resistance on 25th Sept: 2.962, 2.951

Weekly support/resistance from 25th Sept - 29th Sept: 2.981, 3.054

Monthly support/resistance for Sept: 2.986, 2.91 (NGV7: 2.994, 2.922 )
Monthly support/resistance for Aug: 2.948, 2.856  (NGU7: 2.854, 2.941)
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 25th Sept - 29th Sept 2017

Hanging man or bearish dragonfly pattern could be seen in daily TF, pending confirmation.

From 4hr chart, support as shown.


Doji appearing in weekly chart. Next few should be decisive.

Daily support/resistance on 25th Sept: 50.62, 50.54
Weekly support/resistance from 25th Sept - 29th Sept: 50.57, 50.44
Monthly support/resistance for Sept: 47.40, 48.01   (CLV7: 47.41, 48.05 ; CLX7: 48.05, 48.38 )
Monthly support/resistance for Aug: 49.12, 47.03  (CLU7: 49.15, 47.12 ; CLV7: 49.28, 47.25)

2017 Yearly support/resistance: 49.35, 40.28