Natural Gas (CME NG Nov14) Weekly/Daily/4hr/Hourly For the first time since I’ve added NG to my watchlist, its weekly, daily, 4hr and hourly charts are all pointing bullishly. NG is now sitting near channel support (as seen in the daily chart) ahead of tomorrow’s inventory figures, after having successfully tested this zone of 3.75-3.9 four times in the last few months. For those who’ve never traded NG, just be cautious as volatility will spike t…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG sold off strongly yesterday ahead of today’s storage figures, and now sits just above the 2015 low formed in February. As seen in the weekly chart, NG’s descending wedge appears to have some downside before it resolves to the upside, given how the wedge support and resistance lines are still a fair distance from eachothe…
…ease Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG May15) Weekly/Daily/4hr/Hourly NG spiked up yesterday on the weekly storage figures, bouncing off the 2015 low (made in February), forming a double bottom. Nevertheless, bulls should remain cautious as the descending wedge NG sits within (as seen in the weekly chart) may have some resolution to the downside in the coming week, as the wedge support and re…
…ny existing longs now that these 3 markets are approaching key resistance. Natural Gas (CME NG Dec14) Weekly/Daily/4hr/Hourly NG’s strong 2 day rally has broken the downchannel as seen in the daily chart. In the weekly, NG’s current candle is also bullishly engulfing last week’s red candle. Further reinforcing the bullish action is the mostly upward turning and uptrending weekly, daily and 4hr RSI, Stochastics and MACD. Next resistance appears nea…
