Natural Gas Trading: Weekends Post for the week 27th Dec- 30th Dec

NG has a wonderful rally. I am watching if the upper channel holds or break up to be confirmed. Though the Stochastic is warning a (short term) peak is coming.

As mentioned previously, quite often once price moved out of the BB a retracement could happen. Watching if it will test the lower channel highlighted in yellow.

Daily support/resistance on 27th Dec: 3.625, 3.66
Weekly support/resistance from 27th Dec- 30th Dec: 3.611, 3.479
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 27th Dec- 30th Dec

Crude oil is above $50. Watching the neckline if it holds. If so, much higher!

Daily support/resistance on 27th Dec: 53.09, 52.77
Weekly support/resistance from 27th Dec- 30th Dec: 53.15, 52.94
Monthly support/resistance for Dec: 48. 46.05 (CLF7:  48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56

Crude Oil Trading: Weekends Post for the week 19th Dec- 23rd Dec

CL is trying to break out of the neckline this week but can't hold above.

From weekly TF, doji candle appears at the neckline. This is tricky for swing trade. I will be looking for a short term reverse or continuation of rally.

Daily support/resistance on 19th Dec: 52.85, 52.36
Weekly support/resistance from 19th Dec- 23rd Dec: 52.81, 52.23
Monthly support/resistance for Dec: 48. 46.05 (CLF7:  48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 19th Dec- 23rd Dec

NG has a bearish week. As mentioned last week that a possible correction is coming. Based on weekly TF, price goes down after hitting the upper channel. Will it continue to go down to the lower channel?


From daily TF, a small hammer is formed at the mid of BB. Will it bounce off or drop below and test the ichimoku cloud below?

From the monthly TF, price has already break out of the first downtrend resistance. There is a possibility price may retest it before going up.

After all, weather forecast is going to dictate the direction going forward.

Daily support/resistance on 19th Dec: 3.384, 3.389
Weekly support/resistance from 19th Dec- 23rd Dec: 3.472, 3.412
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 12th Dec- 16th Dec

Price is near the neckline of the inverse HS. With the recent news that OPEC and non-OPEC has an agreement to cut production, price might break the neckline this time. Let's see on Mon.

Daily support/resistance on 12th Dec: 51.41, 51.26
Weekly support/resistance from 12th Dec- 16th Dec: 51.33, 51.02
Monthly support/resistance for Dec: 48. 46.05 (CLF7:  48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 12th Dec- 16th Dec

NG has another bullish week! From the weekly TF, it can be seen price broke the ascending channel but at the same time, price is well outside of the BB. Looking at the chart from the left, we see that once the price is out of the BB, a good correction follows shortly. Will it continue the uptrend to $4 or correct to $3?

However, from the daily TF, we can see 2 shooting stars and the week ended with a spinning top which represent indecision. It seems to hint that the rally is about to come to a stall soon. I would like to see it testing the ichimoku cloud below. (Do take note with NG, anything is possible, it could even rally all the way to $4 first.)

In the monthly TF, price has broken the downtrend line. There is another downtrend line too. So, NG might move between this 2 trendline going forward. It means it could also test the first trendline and on very bullish news, test the second trendline above.

Daily support/resistance on 12th Dec: 3.722, 3.719
Weekly support/resistance from 12th Dec- 16th Dec: 3.687, 3.614
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 5th Dec- 9th Dec

OPEC cut production and oil rally. Now it is heading to the neckline of the inverse HS. Will it break this time?




Daily support/resistance on 5th Dec: 51.44, 50.96
Weekly support/resistance from 5th Dec- 9th Dec: 50.56. 48.31
Monthly support/resistance for Dec: 48. 46.05 (CLF7:  48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 5th Dec- 9th Dec

Super rally this week. Upper gap closed. Will it continue upwards movement to close the next upper gap or a correction to close gaps below? Weather shall dictate going forward now.

In the monthly TF, price is now heading to resistance area. It looks like any rally will not last long for the time being until a very cold weather is confirmed.

Daily support/resistance on 5th Dec: 3.473, 3.461
Weekly support/resistance from 5th Dec- 9th Dec: 3.44, 3.41
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518

Natural Gas Trading: Weekends Post for the week28th Nov - 2nd Dec

Winter cold is coming and NG has a nice rally this week. Next week with new contract, is a different play. Will it continue to rally? Will it close the gap that started this rally?


Looking at the monthly HS candle, the candle has a doji in Nov. A big move is coming in Dec. It is either a continuation of the rally or a reversal. Dec will be exciting month to trade!

 In the 5hr TF, we see there are 2 gaps below. Will the gap be filled before any meaningful upmove?  Time will tell!

Daily support/resistance on 28th Nov: 3.068, 3.061 (NGF7: 3.182, 3.169)
Weekly support/resistance from 28th Nov - 2nd Dec: 3.049, 3.006 (NGF7: 3.167, 3.126)
Monthly support/resistance for Nov: 2.997, 2.986
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 28th Nov - 2nd Dec

CL has a bearish week though weekly candle is green. Price went back inside the rising wedge but quickly go down. It may test the downtrend support line next week. If there is no bullish news from OPEC next week, the H&S pattern may be valid and down it goes. For now, your guess is as good as mine.

Daily support/resistance on 28th Nov: 46.33, 47.07
Weekly support/resistance from 28th Nov - 2nd Dec: 46.49, 47.54
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56

Crude Oil Trading: Weekends Post for the week 21st Nov - 25th Nov

CL is bullish this week due to OPEC has a meeting for production cut and some comment by Russia energy minister. From the daily TF, the price is resisted by the lower trend line of the rising wedge. If the H&S is valid, price would likely move up to form the right shoulder before the actual OPEC meeting.

Daily support/resistance on 21st Nov: 46.15, 45.82
Weekly support/resistance from 21st Nov - 25th Nov: 45.77, 44.66, CLF7: 45.89, 45.04
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 21st Nov - 25th Nov

NG is trading at a small range this week but ended this week with a green candles. From the daily TF, price is bouncing from the lower support trendline.

 In the monthly TF, price has already been consolidating for around 5 months. Price is holding above the mid of BB which is good for bull. The BB is narrowing. A big move is coming soon.

From the 5hr chart, price has moved into a resistance area. If it breaks that resistance, $3 should be on the way. Otherwise, price should retreat back down to test the 2.5-2.7 area again.

Daily support/resistance on 21st Nov: 2.822, 2.771
Weekly support/resistance from 21st Nov - 25th Nov: 2.814, 2.748
Monthly support/resistance for Nov: 2.997, 2.986
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 14th Nov - 18th Nov

It is tricky to do a swing trade for CL now as it has broken below the resistance trend line, resisted by the inverse HS neckline and having a triple top. If the inverse HS is valid, the right should may or may not be fully developed yet. At the same time, price seem to be at the support area (yellow region) and if a HS is valid, price could bounce and form the right shoulder (46-48) before dropping to find support for inverse HS right shoulder. Complicated patterns, isn't it?

In the weekly TF, price is currently supported by ichimoku cloud. We shall see if the cloud will continue to support price.

In the monthly TF, price is flirting at the mid of BB. A consolidation is seen around this area.

With so many events influencing CL, it is not easy to hold a swing trade. Better to trade each day.

Daily support/resistance on 14th Nov: 43.36, 43.83
Weekly support/resistance from 14th Nov - 18th Nov: 44.49, 43.58
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 14th Nov - 18th Nov

NG has a bearish week. From the daily TF, we could see three areas of support (A, B, C). NG is currently at support A, If support A fails, it could test support B. If winter is gona be warmer than normal, NG shall test support C. We shall see if support A holds as there seems to be a lot of buying there.

In monthly TF, NG is testing the mid of BB. If it holds, NG could bounce. Otherwise, test of lower support below is possible.

In the weekly TF, price is still above the ichimoku cloud. I am watching if NG will test the ichimoku cloud soon.

Coming winter forecast is important and Trump's policy towards energy industry could also change its fate. Be vigilant!

Daily support/resistance on 14th Nov: 2.624, 2.620 
Weekly support/resistance from 14th Nov - 18th Nov: 2.711, 2.654
Monthly support/resistance for Nov: 2.997, 2.986
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 7th Nov - 11th Nov

CL resisted by the neckline of the potential inverse HS and breaks below the downtrend line. Now it is possible to test the dotted line below. The right shoulder could be still be developing. OPEC meeting end of Nov and the OPEC and Non-OPEC members are simply flick flopping to cut or not to cut production. LOL Just trade and don't hold too long for oil. It is just a manipulative market.

Daily support/resistance on 7th Nov: 44.22, 44.16
Weekly support/resistance from 7th Nov - 11th Nov: 46.16, 44.81
Monthly support/resistance for Oct: 47.25, 45.66
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 7th Nov - 11th Nov

NG closed the contract gap this week and is at the rising wedge lower support. There is a gap below $2. If price breaks down the rising wedge decisively, maybe that gap could be filled one day. Otherwise, there is a risk of bouncing from the lower support.

From monthly TF, Oct has a doji candle. This signal either the rally is pausing a reversal. I am also watching if price would retreat back to test the mid of BB which is around 2.5.

Winter is coming and storage may exceed 4TCF. IS tricky time to be in trade until winter outlook is clear.

Daily support/resistance on 7th Nov: 2.781
Weekly support/resistance from 7th Nov - 11th Nov: 2.944, 2.835
Monthly support/resistance for Oct: 2.896, 2.882
Monthly support/resistance for Nov: 2.997, 2.986
2016 Yearly support/resistance: 2.406, 2.518

Crude Oil Trading: Weekends Post for the week 31st Oct - 4th Nov

As mentioned last week, CL may be trading in the yellow zone until it decides to break up or break down.

In the 5hr TF, price is being supported by the 200EMA as the moment.

Don't hold yet until direction is clearer.

Daily support/resistance on 31st Oct: 48.81, 49.12

Weekly support/resistance from 31st Oct - 4th Nov: 49.7, 49.01

Monthly support/resistance for Oct: 47.25, 45.66

Natural Gas Trading: Weekends Post for the week 31st Oct - 4th Nov

NG dropped below $3 this week and hold below for 4 days during contract expiration. In the weekly TF, price tested the lower support of the rising wedge, It could mean price is bouncing.

In the HA candles in the weeklt TF, it has a red body and a long lower shadow after a doji, This could signal downtrend to continue. The stoch is also at over bought level. Thus it is important to watch if stoch is going down anytime soon.

In the 5hr TF, however, price is supported by 200 EMA/MA and resisted by mid of BB. Break the 200 EMA/MA or mid of BB to signal clearer directional movement.

 In the daily TF, there is a big gap at B. I will be looking if the gap will be filled or will it be like gap A unfilled.Winter is coming and it is important to watch closely the development is the next few weeks.

Daily support/resistance on 31st Oct: 3.071, 3.048
Weekly support/resistance from 31st Oct - 4th Nov: 3.035, 2.876, 3.139, 3.188
Monthly support/resistance for Oct: 2.896, 2.882
Monthly support/resistance for Nov: 2.997, 2.986

Crude Oil Trading: Weekends Post for the week 24th Oct - 28th Oct

CL tested the neckline of the inverse HS. It could breakout anytime or move in ranges in the yellow region. Coming OPEC meeting is critical.

Daily support/resistance on 24th Oct: 50.87, 50.62
Weekly support/resistance from 24th Oct - 28th Oct: 50.95, 50.85
Monthly support/resistance for Oct: 47.25, 45.66, 47.27, 45.72 (CLX6), 47.89, 46.40 (CLZ6)

Natural Gas Trading: Weekends Post for the week 24th Oct - 28th Oct

NG has a bearish week last week. A rising wedge can be seen in the weekly TF. Will it bounce from the lower trend line or break it?



In the daily TF, HA candles are showing bearish trend. The stochastics is also showing a bearish crossover.

 Weekly TF in HA is showing a pausing or changing of trend.

As long as price is below the weekly support/resistance this week, there is every chance for price to test the monthly support/resistance level.

Daily support/resistance on 24th Oct: 2.987, 3.038
Weekly support/resistance from 24th Oct - 28th Oct: 3.136, 3.019
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984

Crude Oil Trading: Weekends Post for the week 17th Oct - 21st Oct

Crude is still within the neckline of the inverse H&S and the downwards trendline which was broken. It should just zig zag at this area until it breaks any of the lines. Swing traders will have to be patience.

Daily support/resistance on 17th Oct: 50.52, 50.39
Weekly support/resistance from  17th Oct - 21st Oct: 50.38, 50.34
Monthly support/resistance for Oct: 47.25, 45.66, 47.27, 45.72 (CLX6), 47.89, 46.40 (CLZ6)

Natural Gas Trading: Weekends Post for the week 17th Oct - 21st Oct

NG has a bullish report and up it goes but Friday profit taking occured. From the 15min TF, there is a gap. Will be watching if NG ignore the gap or fill the gap first.

From weekly TF, it is obvious that NG broken the inverse H&S neckline. The question is whether NG test the neckline first or fill the gap at ~3.45 first. The upcoming winter outlook should give a clearer short term direction.

Daily support/resistance on 17th Oct: 3.313, 3.294
Weekly support/resistance from 17th Oct - 21st Oct: 3.276, 3.26
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984

Crude Oil Trading: Weekends Post for the week 10th Oct - 14th Oct

Traders are still watching this inverse HS. And OPEC has been in the headlines talking about production cut / freeze. How CL moves is in the hand of OPEC members now.

In the daily TF, CL has crossed blue lines which mean it is preparing for an uptrend. The invese HS neckline is still not crossed. So I suspect price will be fluctuating around the yellow area. CL is good for intra day trade and not swing trade at the moment.

Daily support/resistance on 10th Oct: 49.72, 50.07
Weekly support/resistance from  10th Oct - 14th Oct: 49.45, 49.26
Monthly support/resistance for Oct: 47.25, 45.66, 47.27, 45.72 (CLX6), 47.89, 46.40 (CLZ6)

Natural Gas Trading: Weekends Post for the week 10th Oct - 14th Oct

NG has a breakout of the rising wedge in daily TF, Enough said.

From weekly TF, NG seems to have breakout of the inverse HS. Enough said.

 NG is so bullish right?! Nothing is going to stop NG from rising, with Hurricane Matthew threaten supply and forecast of colder winter.

I tried using the Heikin Ashi candlesticks to look at NG from another perspective. The price retreat back inside the rising wedge though the candles are telling us the trend is still bullish.


From weekly TF, Heikin Ashi candlestick, this week candle shows a bit of lower tails. Does this mean weakness coming? I do not understand Heikin Ashi well enough to conclude.

From the patterns above, NG seems to be on the way up with no reversal in sight, except minor correction.

Daily support/resistance on 10th Oct: 3.154, 3.117
Weekly support/resistance from 10th Oct - 14th Oct: 3.129, 3.042
Monthly support/resistance for Oct: 2.896, 2.882, 2.93, 2.984