NG Trading: Weekends Post for the week 2nd Jan - 5th Jan 2018

NG is approaching the resistance area soon. Clearing this area could increase the probability of closing the above gap.

Monthly resistance below. Dec monthly candle is almost the same as last year except the colour. Would the same pattern repeats in the subsequent months?

 Weekly resistance

Daily support/resistance on 2nd Jan: 2.964, 2.958
Weekly support/resistance from 2nd Jan - 5th Jan: 2.907, 2.848

Monthly support/resistance for Jan: 2.919, 2.848 (NGG8: 2.918, 2.843  ; NGH8: 2.872, 2.807) 

Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)

2018 Yearly support/resistance: 3.045, 2.985

2017 Yearly support/resistance: 3.415, 2.757

CL Trading: Weekends Post for the week 2nd Jan - 5th Jan 2018

Crude oil is reaching strong resistance zone.

Would crude oil corrects to form the right shoulder in 2018 before rally past the 60s ?

 Below is the possible wave count.

Daily support/resistance on 2nd Jan: 60.17, 60.12
Weekly support/resistance from 2nd Jan - 5th Jan: 59.87, 59.42

Monthly support/resistance for Jan: 59.46, 58.17   (CLG8: 59.47, 58.20 )

Monthly support/resistance for Dec: 57.1, 56.47  (CLF8: 57.14, 56.58)

2018 Yearly support/resistance: 51.28, 57.16

2017 Yearly support/resistance: 49.35, 40.28

CL Trading: Weekends Post for the week 25th Dec - 29th Dec 2017

Is a H&S in the making?

Monthly resistance

3 hanging man and 1 doji seen around 200 MA resistance. Is a correction coming? If not 60-70 should be seen.

Daily support/resistance on 25th Dec: 58.3, 58.19
Weekly support/resistance from 25th Dec - 29th Dec: 58.13, 57.69

Monthly support/resistance for Dec: 57.1, 56.47  (CLF8: 57.14, 56.58)

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

NG Trading: Weekends Post for the week 25th Dec - 29th Dec 2017

Winter is coming! Would NG follow the same pattern in the past 2 years?

NG break below the monthly symmetrical triangle. Would it do a backtest?

Weekly spinning top seen.

Resistance at 4hr TF.

Daily support/resistance on 25th Dec: 2.665, 2.633
Weekly support/resistance from 25th Dec - 29th Dec: 2.678, 2.673

Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)

Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)

2017 Yearly support/resistance: 3.415, 2.757

NG Trading: Weekends Post for the week 18th Dec - 22nd Dec 2017

The gap since March has closed. There is one more gap since last year not yet closed. A bounce may happen here, if it does not, it could be very bearish.

Ng has broken the monthly symmetrical triangle and is bearish. If market allows, it may test the lower triangle at ~2.85 before heading lower.

Daily support/resistance on 18th Dec: 2.634, 2.657

Weekly support/resistance from 18th Dec - 22nd Dec:  2.653, 2.715

Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)

Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)

2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 18th Dec - 22nd Dec 2017

In the daily chart, H&S seems to be in the marking.

Wave 4 may be in the making in the weekly TF.

Daily support/resistance on 18th Dec: 57.25, 57.33
Weekly support/resistance from 18th Dec - 22nd Dec: 57.37, 57.33

Monthly support/resistance for Dec: 57.1, 56.47  (CLF8: 57.14, 56.58)

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

Crude Oil Trading: Weekends Post for the week 11th Dec - 15th Dec 2017

Would the same pattern recur?

Daily support/resistance on 11th Dec: 57.28, 57.17
Weekly support/resistance from 11th Dec - 15th Dec: 57.25, 57.08

Monthly support/resistance for Dec: 57.1, 56.47  (CLF8: 57.14, 56.58)

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

NG Trading: Weekends Post for the week 11th Dec - 15th Dec 2017

Let's see if NG bounce at support, if more bulls will be buried.

Daily support/resistance on 11th Dec: 2.789, 2.789

Weekly support/resistance from 11th Dec - 15th Dec :  2.937, 2.838

Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)

Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)

2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 4th Dec - 8th Dec 2017

In the weekly TF, we can see 2 hanging man and a shooting stars. It seems the uptrend should have a rest soon, with target at 0.382 retracement area. Wave 3 of the uptrend seems to be ending soon. Wave 4 coming with possible price level ~55. Buy on dip for wave 5.

Daily support/resistance on 4th Dec: 58.22, 58.09
Weekly support/resistance from 4th Dec - 8th Dec: 58.15, 57.87

Monthly support/resistance for Dec: 57.1, 56.47  (CLF8: 57.14, 56.58 )

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 4th Dec - 8th Dec 2017

The big picture for NG is that it is still in a monthly symmetrical triangle consolidation. The purple areas are the possible break out target. 

Daily support/resistance on 4th Dec: 3.073, 3.064

Weekly support/resistance from 4th Dec - 8th Dec : 3.055, 3.047 

Monthly support/resistance for Dec: 3.02, 3.014  (NGF8: 3.0527, 3.112 ; NGG8: 3.059, 3.119)

Monthly support/resistance for Nov: 2.914, 2.906 (NGZ7: 2.950, 3.041 , NGF8: 3.077, 3.166)

2017 Yearly support/resistance: 3.415, 2.757

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

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

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

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

Genting Singapore monthly chart

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

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

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

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