…above. Today’s Top 3 Trades includes technical analysis on: Metals/Energy (Natural Gas | Gold) + Today’s Top Trade (VIX) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. As seen on Bloomberg, Refinitiv, FACTSET and Interactive Brokers, readers regularly include global top 10 investment banks. If you represent an institutiona…
…above. Today’s Top 3 Trades includes technical analysis on: Metals/Energy (Natural Gas | Gold) + Today’s Top Trade (VIX) Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. As seen on Bloomberg, Refinitiv, FACTSET and Interactive Brokers, readers regularly include global top 10 investment banks. If you represent an institutiona…
…above. Today’s Top 3 Trades includes technical analysis on: Metals/Energy (Natural Gas | WTI Crude) + Today’s Top Trade (GBPAUD) Join the world’s largest asset manager and 3 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns’ technical analysis. As seen on Bloomberg, Refinitiv, FACTSET and Interactive Brokers, readers regularly include global top 10 investment banks. If you represent an inst…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG tacked on a fourth straight day of gains yesterday on the back of the weekly storage figures, testing a horizontal resistance level (on the daily chart) and upchannel resistance (on the 4hr chart). NG is also now testing the downchannel resistance line (on the weekly chart). Daily and 4hr RSI, Stochastics and MACD are mo…
…likely to provide a trend reversal or ongoing momentum in the coming week. Natural Gas (CME NG Apr15) Weekly/Daily/4hr/Hourly NG strongly bounced yesterday ahead of today’s storage figures, and now sits just shy of descending wedge resistance (on the weekly chart) and horizontal resistance around 2.85 (on the daily chart). Weekly, daily and 4hr RSI and Stochastics are consolidating the gains over the last two days, while weekly MACD is making a po…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG gapped down (from Friday’s close) on yesterday’s opening, and continued sliding throughout the session, sitting precariously at upchannel support (in the 4hr chart) and just above downchannel support (on the daily chart). At the same time, NG isn’t far off from testing downchannel resistance (on the weekly chart), which…
Yesterday’s Natural Gas (CME NG Aug/Sep14) addition was a bit early, to provide enough time to prepare for a possible trade around the weekly storage figures. As mentioned, this was a high risk trade idea as the weekly chart suggests more downside. On the shorter term charts as seen below, after yesterday’s strong selloff, NG can be seen gearing up for a tradable bottom. ZC Weekly/Daily/4hr/Hourly/30min/5min ZW Weekly/Daily/4hr/Hourly/30min/5min…
…accumulating fresh longs on Corn (CME ZC Sep14), Wheat (CME ZW Sep14) and Natural Gas (CME NG Sep14) after having traded in and out of them last week. I’m still holding two lots of Cotton (ICE CT Dec14) long from last week, and will wait for its rally which I expect this week to coincide roughly with the bounce expected in ZC, ZW and NG. The oversold rally I’m looking to play on NG will be shortlived likely petering out just ahead of Thursday’s i…
Please Register/Login to view the complete edition of Today’s Top 10 Trades. Japanese Yen Philadelphia Index Weekly The Yen index continues making a bottoming pattern on the weekly chart, with the Yen index exhibiting positive divergence on the RSI and MACD against price. The weekly RSI is rising towards 30, and the MACD appears poised for a positive crossover. The weekly Stochastics remains below 10 but is moderate in its negative slope. Let’s v…
…ve more upside in the next few days, especially given NQ’s break above 4k. Natural Gas (CME NG Sep14) has given back all of its August gains, and is now sitting at its July low. Based on how steeply negative the weekly MACD green line appears, the July low is unlikely to hold, and the next downside projection would be the November low. I will continue to sit out trading NG as better trade setups appear in the markets described above. The BUXL (Eur…
