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