Crude Oil Trading: Weekends Post for the week 30th Jan - 3rd Feb 2017

CL is still hanging around the neckline as can be seen in the daily and weekly TF. A hammer is formed at the neckline. Let's see if it translate to any upwards movement next week.

Daily support/resistance on 30th Jan: 53.24, 53.33
Weekly support/resistance from 30th Jan - 3rd Feb : 53.18, 53.15
Monthly support/resistance for Jan: 53.18, 51.75  (CLG7: 53.49, 52.69)
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 30th Jan - 3rd Feb 2017

NG moved in a narrow range this week. From the weekly TF, it is quite clear that price is within the range inside the blue rectangle. Any breakout will move price to the upper or lower gap target.

From the daily TF, a green hammer is found on the mid of BB. It is not a perfect hammer as there the upper shadow is slightly longer than it should be.

From the monthly TF, I am watching if price will be moved to the mid of BB which is also at around the highlighted area. This could happen in the next couple of months.

Sideways movement for now until a clear direction is known.

Daily support/resistance on 30th Jan: 3.371, 3.337
Weekly support/resistance from 30th Jan - 3rd Feb:3.365, 3.32
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757

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

The battle is still around the neckline. If supply starts to balance in 2017, I suppose price should go up. But then if shale players starts to increase production due to higher price, price would not go a lot higher.

Daily support/resistance on 23rd Jan: 53.13, 52.90
Weekly support/resistance from 23rd - 27th Jan : 53.06, 52.70
Monthly support/resistance for Jan: 53.18, 51.75  (CLG7: 53.49, 52.69)
2017 Yearly support/resistance: 49.35, 40.28

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

NG has a very bearish week! From the weekly TF, price is consolidating at the mid of BB. If the mid point holds, it could bounce and close the gap above. If it can't it could close the gap below.



From the daily TF, price is breaking the trend line support. If it can't hold (it seems it will not hold), good luck bulls. If it holds, surely the gap above could be the next target.

From the monthly TF, I am looking if price will touch the highlighted area this month or next month.

Daily support/resistance on 23rd Jan: 3.268, 3.221
Weekly support/resistance from 23rd - 27th Jan: 3.351, 3.249
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757

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

CL is still flirting at the neckline of inverse HS. Staying above would be good for bull, staying below good for bear. Enough said.

Daily support/resistance on 16th Jan: 52.59, 52.72
Weekly support/resistance from 16th - 20th Jan : 52.44, 52.27
Monthly support/resistance for Jan: 53.18, 51.75  (CLG7: 53.49, 52.69)
2017 Yearly support/resistance: 49.35, 40.28

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

NG has a bullish week. The shooting star formed 2 weeks ago hinted of bearish movement and it indeed moved down creating a evening star pattern but price managed to climb back. The question is will it close the upper gap first or lower gap first? Tricky as weather pattern is unpredictable.



In the daily TF, a inside bar candle can be seen and a bigger move should happen in 1 or 2 days time. We can also see the ichimoku cloud is supporting the price at the moment. Daily TF stochastic is turning up but weekly TF stochastic is not good for bull though.

Price is between upper and lower gap which are near to the current price. Expect a volatile week ahead. President trump inauguration day may provide some direction.

Daily support/resistance on 16th Jan: 3.409, 3.384
Weekly support/resistance from 16th - 20th Jan: 3.274, 3.373
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757

Central Bank Calendar 2017

SHORT-TERM ENERGY OUTLOOK

OPEC Monthly Oil Market Report

Publishing Schedule for 2017:

• Wednesday, 18 January
• Monday, 13 February
• Tuesday, 14 March
• Wednesday, 12 April
• Thursday, 11 May
• Tuesday, 13 June
• Wednesday, 12 July
• Thursday, 10 August
• Tuesday, 12 September
• Wednesday, 11 October
• Monday, 13 November
• Wednesday, 13 December

Oil Market Report Schedule 2017

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

Busy during the weekends.. Charts may be post later..

Daily support/resistance on 9th Jan: 53.74, 53.82
Weekly support/resistance from 9th - 13th Jan : 53.69, 53.68
Monthly support/resistance for Jan: 53.18, 51.75  (CLG7: 53.49, 52.69)
2017 Yearly support/resistance: 49.35, 40.28

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

Busy during the weekends.. Charts may be post later..

Daily support/resistance on 9th Jan: 3.286, 3.27
Weekly support/resistance from 9th - 13th Jan: 3.37, 3.298
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
2017 Yearly support/resistance: 3.415, 2.757

SGD/MYR technical analysis - Jan 2017

There was a rising wedge and an inverse HS in play. It had broken up the downtrend channel too. Now it is obvious the bull win and the inverse HS prevail. The price broke the neckline of the of inverse HS and now back-testing it. It seems to hold well. The measured move is around 3.25 - 3.28.

International Healthway Corporation (IHC) Ltd Technical Analysis - Jan 2017

There is a falling wedge with target ~0.1. Price has broken the resistance line and back-testing it. Moreover, an island reversal is possible but looking at the current fundamental it is quite like the gap would be filled in a few years time only. Long term looks good but for short to mid term, nothing interesting.

Midas Holding Ltd Technical Analysis - Jan 2017

Midas has been making new low towards near 0.2. I doubt the company would allow it to go below 0.2 (even if it does, will be brief imo). Looking at the monthly chart, it seems that there is a Adam and Eve double bottom. There is also a falling wedge, with target at ~$0.55 - 0.6. The neckline of the double bottom is at $1. This is where most long term holders profit taking is likely to take place. If the double bottom is valid, overcoming the neckline would bring price to $1.2 - 1.8 range.

Healthway Medical Corp Ltd Technical Analysis - Jan 2017

There seems to be 2 falling wedges - one within another. Healthway had broken up the first (smaller) falling wedge and now testing the resistance line. If this is valid, the measured move is around $0.14


From the monthly TF, we can see a possible bigger falling wedge in play. Its measured move it ~0.25. A rounding bottom seems to be in play.

From daily TF, there are 2 gaps to be filled. One at ~0.115, the other at ~0.055. These are the resistance to look out for, overcoming it may see the price going higher to the measure move of ~0.25.

Ausgroup Ltd Technical Analysis Jan 2017

Ausgroup is in a falling wedge in the daily TF. It had broken up the falling wedge and now back-test the resistance line. It has resolved it Port Melville issue but it debt issue has not yet resolved. We shall know soon in Jan and I think this should get resolve.

The first target will be the red zone and looking for it to break the falling wedge some time this year.
The second target will be the yellow zone.The third target could only be achieved if it breaks up the yellow zone convincingly. This could happen when the Port Melville resume operation and complete the projects there, and oil and gas price recover.

Oceanus Group Ltd Technical Analysis - Jan 2017

There is a falling wedge and a descending channel at the moment. An island reversal is possible as accumulation seems to be ongoing. I am looking at the first resistance at 0.028 - 0.03 - 0.045. This is the first target area. A new CEO has been placed and a major restructuring in the business is ongoing. Should the plan works, I will be looking at 0.1-0.2. As the CEO seems to be confident that they could meet the MTP, we shall see. The short to mid term target is 0.03 - 0.045 while the mid to longer term target is 0.1 - 0.2. We shall see how fast the company recover. ( Please note that this company had a bad fundamental and undergoes many changes with the new CEO. DYODD! )

Crude Oil Trading: Weekends Post for the week 3rd - 6th Jan 2017

CL is above the neckline of the inverse HS now. The inverse HS if valid, the measured move is around 70-75. Buy on dip!

Daily support/resistance on 3rd Jan: 53.84, 53.75
Weekly support/resistance from 3rd - 6th Jan : 53.83, 53.7
Monthly support/resistance for Jan: 53.18, 51.75  (CLG7: 53.49, 52.69)
Monthly support/resistance for Dec: 48. 46.05 (CLF7:  48.13, 46.43)
2017 Yearly support/resistance: 49.35, 40.28
2016 Yearly support/resistance: 40.90, 48.56

Natural Gas Trading: Weekends Post for the week 3rd - 6th Jan 2017

NG makes new high at ~3.9 and traders started to take profit before 2017. From the daily TF, it seems like a island formed at the top but gap was closed though. Will be monitoring if this "island reversal" is valid.

 In the weekly TF, a shooting star is formed. Price is at the upper channel. Will price pullback to the lower channel?

From the monthly TF, most of the time price overshoot the upper BB, it will correct. I am looking if it will correct soon or makes new high before really correct. The monthly stochastic is at over-bought level but it could remain over-bought for a while!

Daily support/resistance on 3rd Jan: 3.754, 3.774
Weekly support/resistance from 3rd - 6th Jan: 3.786, 3.758
Monthly support/resistance for Jan: 3.687, 3.572 (NGG7: 3.695, 3.596)
Monthly support/resistance for Dec: 3.216, 2.957 (NGF7: 3.246, 3.045)
2017 Yearly support/resistance: 3.415, 2.757
2016 Yearly support/resistance: 2.406, 2.518