Posted by ectoplasm on 22nd of Jan 2020 at 10:12 pm
Last week Steve posted an
Natgas
Article in WSJ about "Hedge funds and other money
managers have built up the largest bet in more than a decade that
natural-gas prices will fall".
The chart/s below suggests that a complex correction is
occurring in Natgas with lower prices to come. See 4 Hr and monthly
Twitter chart below.
Twitter (primary source/s acknowledged) suggest that
coffee is also in a similar pattern with lower prices to come. One
has to trade the break when it occurs...
Posted by ectoplasm on 29th of Oct 2019 at 08:51 am
UNG has spiked higher yesterday & in pre-market,
probably resulting in more break away gap/s. Looks like a short
squeeze is occurring so that median line may well be tested sooner
rather than later...
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Last week Steve posted an
UGAZ follow up
Posted by ectoplasm on 22nd of Jan 2020 at 10:12 pm
Last week Steve posted an Natgas Article in WSJ about "Hedge funds and other money managers have built up the largest bet in more than a decade that natural-gas prices will fall".
The chart/s below suggests that a complex correction is occurring in Natgas with lower prices to come. See 4 Hr and monthly Twitter chart below.
Twitter (primary source/s acknowledged) suggest that coffee is also in a similar pattern with lower prices to come. One has to trade the break when it occurs...
UNG has spiked higher yesterday
Natgas.UGAZ nice move out of the bull flag that formed ...
Posted by ectoplasm on 29th of Oct 2019 at 08:51 am
UNG has spiked higher yesterday & in pre-market, probably resulting in more break away gap/s. Looks like a short squeeze is occurring so that median line may well be tested sooner rather than later...
Daily link < http://schrts.co/JjaDmsuQ> with 60 minute chart below
Last night was a good
Natgas.UGAZ nice move out of the bull flag that formed ...
Posted by ectoplasm on 16th of Oct 2019 at 09:01 pm
Last night was a good opportunity to top up on the retrace (thanks Steve).
Price action can be expected to test the median line (probably achieving 2.7) if not higher on this swing.
Daily chart below with 60m link also: http://schrts.co/WWTuTvJz
Looks like UNG swinging higher
Natgas.UGAZ nice move out of the bull flag that formed ...
Posted by ectoplasm on 16th of Oct 2019 at 09:39 am
Looks like UNG swinging higher now!
http://schrts.co/BKzVkEYG
https://c.stockcharts.com/c-sc/sc?s=UNG&p=120&yr=0&mn=3&dy=21&i=t5380639566c&a=692641087&r=1571233474701
Yes Steve UNG Futures look
Natgas.UGAZ nice move out of the bull flag that formed ...
Posted by ectoplasm on 14th of Oct 2019 at 08:28 am
Yes Steve UNG Futures look to be following through the recent break.
Nice RSI divergence on the daily and 4 Hr chart displays nice MACD divergence with +ve DMI shown below:
That long legged doji off
$Natgas Weekly ... this week's candle right smack at resistance ...
Posted by ectoplasm on 11th of Oct 2019 at 09:50 am
That long legged doji off support looks attractive IMO!
120 minute chart attached
Well if gas is going
$Natgas Weekly ... this week's candle right smack at resistance ...
Posted by ectoplasm on 2nd of Oct 2019 at 09:04 am
Well if gas is going to bounce then it can be expected to do it around here IMO. Looking for a trigger- Daily chart and 120 min detail attached below
After breaking out (early September
$Natgas Weekly ... this week's candle right smack at resistance ...
Posted by ectoplasm on 29th of Sep 2019 at 01:05 am
After breaking out (early September - thanks mla127), it looks like the UNGretrace is completing so expecting another impulse move higher.
Have attached below "Roger's" daily chart with 120 min detail which indicates symmetry on this recent corrective move.
Looks like WTIC is loosing
Posted by ectoplasm on 3rd of Sep 2019 at 09:14 am
Looks like WTIC is loosing support ATM
Reuters Commodities: Oil drops 2% as trade war rumbles on and output swells https://reut.rs/2ZwnKUd
Matt & Steve Appreciate your feedback! PA
SPY system went to cash
Posted by ectoplasm on 3rd of Feb 2016 at 10:44 am
Matt & Steve
Appreciate your feedback!
PA looks to be bouncing off that " very important area".
Answer: I think you can see why I was not confident in your IHS scenario. See my reply yesterday.
Looks like a sloppy IH&S
SPY system went to cash
Posted by ectoplasm on 2nd of Feb 2016 at 05:50 pm
Looks like a sloppy IH&S on the SPX 30 min chart - am already long & will top up on neckline break..
30 min chart:
SPX direction
Posted by ectoplasm on 1st of Apr 2015 at 07:29 am
Short squeeze overnight but looks to be headed lower upon open
SPX stuck in trading range
Posted by ectoplasm on 31st of Mar 2015 at 05:37 am
Looks like the rallies are being sold into - would not be surprised if more distribution occurred below 2100
60 min SPX price action
Spy - Market waiting for Yellen
Posted by ectoplasm on 30th of Mar 2015 at 04:06 am
Nice bounce in price over weekend.
15 min SPX
Posted by ectoplasm on 27th of Mar 2015 at 04:22 am
Looks like a short squeeze is possible - will add if the N.L. is breached
SPX 15 min Price action
SPX 15 min
Posted by ectoplasm on 26th of Mar 2015 at 07:06 am
SPX 15 min Price action looks close to a bounce
Coiling on the 15 Min Chart
SPX 5 Symmetry Guides
Posted by ectoplasm on 19th of Mar 2015 at 01:08 pm
Wowten - The content of
YHOO
Posted by ectoplasm on 3rd of Mar 2015 at 02:16 pm
Wowten - The content of the Zero Hedge story may well be true, but I note divergence on the MACD which may just ply out!