Natural Gas Trading: Weekends Post for the week 27th Feb - 3rd Mar 2017

Very bearish! Look at the monthly and weekly TF! Price has broken below the lower channel of the ascending channel. BUT this could be an area of big bounce coming. Look at the fake break out in Dec outside the upper channel and upper BB. Now price is testing the long term down trend line.

If a bounce materialize, $3 is the target.



Daily support/resistance on 27th Feb: 2.788, 2.765
Weekly support/resistance from  27th Feb - 3rd Mar: 2.757, 2.674
Monthly support/resistance for Feb: 3.199, 3.333  (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757

Crude Oil Trading: Weekends Post for the week 27th Feb - 3rd Mar 2017

CL is still in a tight consolidation above the neckline of the inverse HS.

In the daily TF, price is near the upper channel of a ascending channel. Yellow region marks the area which price may move within the channel in the coming week.

In the monthly TF, we see that the right side pattern is almost forming a similar pattern on the left side. The question is will it be a red candle or green candle in the next month.Breaking above the high (~55.24) of the previous 2 months will be bullish for march. Breaking below the low of the previous 2 month (~50.71) will be bearish for march.

It going to get exciting in the next month. Stay tune for more action!

Daily support/resistance on 27th Feb: 54.14, 54.06
Weekly support/resistance from 27th Feb - 3rd Mar : 54.19, 54.08
Monthly support/resistance for Feb: 52.98, 52.86 (CLH7: 53.16, 53.89' CLJ7: 53.86, 54.67)
2017 Yearly support/resistance: 49.35, 40.28

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

NG has a bearish week. The price breaks out of the uptrend channel.

In the monthly TF, price has reached an area where were 4 months of consolidation before the recent rally last year. We are at sticky area. Be cautious.

In the daily TF, we can see the gap at ~2.84 is closed. The question is would NG continue south to close the last gap below or it will bounce up to close the gap above? An inverted hammer appear on Friday and a confirmation is needed for a turn around.

Daily support/resistance on 6th Mar: 2.850, 2.865
Weekly support/resistance from  6th Mar - 10th Mar: 2.912, 2.866
Monthly support/resistance for Feb: 3.199, 3.333  (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757

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

CL is still stuck in this narrow range above the neckline. A big move is coming either direction! The question is when. Maybe during the next OPEC meeting??

In the daily TF, we can see CL is in price is a uptrend channel. Now the price is in the middle of the channel and the ichimoku cloud may support the price from falling more.

All in all, CL is waiting for a big catalyst for a big move! Stay tune!


Daily support/resistance on 6th Mar: 53.69, 53.60
Weekly support/resistance from 6th Mar - 10th Mar : 53.59, 53.32
Monthly support/resistance for Feb: 52.98, 52.86 (CLH7: 53.16, 53.89' CLJ7: 53.86, 54.67)
2017 Yearly support/resistance: 49.35, 40.28

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

CL above the neckline is positive for bulls. Still consolidating for the next up move I think.

Daily support/resistance on 13th Feb: 53.74, 53.52
Weekly support/resistance from 13th Feb - 17th Feb : 53.46, 52.68
Monthly support/resistance for Feb: 52.98, 52.86 (CLH7: 53.16, 53.89' CLJ7: 53.86, 54.67)
2017 Yearly support/resistance: 49.35, 40.28

Natural Gas Trading: Weekends Post for the week 13th Feb - 17th Feb 2017

An inverted hammer appeared in the weekly candle. Price is very near the lower channel. Price may drop around ~ $3-2.95 before the bounce. The question is will is break the lower channel or bounce to the upper channel?


From the 5hr TF, we can see price is at the lower BB. It could be ready for a bounce to test 3.2. We shall see.

NG is at the critical level $3. Tricky tricky.

Daily support/resistance on 13th Feb: 3.044, 3.063
Weekly support/resistance from 13th Feb - 17th Feb: 3.097, 3.056
Monthly support/resistance for Feb: 3.199, 3.333  (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757

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

Nothing much has changed for CL. Looking bullish but be cautious at the same time.

Daily support/resistance on 6th Feb: 53.84, 53.81
Weekly support/resistance from 6th Feb - 10th Feb : 53.66, 53.29
Monthly support/resistance for Feb: 52.98, 52.86 (CLH7: 53.16, 53.89' CLJ7: 53.86, 54.67)
2017 Yearly support/resistance: 49.35, 40.28

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

NG is bearish. It has broken out of the tight range in the weekly TF. First gap below filled. It looks like the second gap to be filled is on its way.


Inthe daily TF, price is touching the lower BB and it could trigger dead cat bounce to mid of BB which is also around the ichimoku cloud.

 In the monthly TF, price is nearing the doji candles on the left which could mean NG may trade sideways for a while unless some very bullish news to trigger large short covering. I am watching if NG bounce after touching the lower channel.

All in all, be cautious on being a bulls or bears at this level.

Daily support/resistance on 6th Feb: 3.076, 3.122
Weekly support/resistance from 6th Feb - 10th Feb: 3.099, 3.192
Monthly support/resistance for Feb: 3.199, 3.333  (NGH7: 3.196, 3.323 )
2017 Yearly support/resistance: 3.415, 2.757