Natural Gas (NG) Breaks Above Descending Wedge Resistance on Weekly Chart

Natural Gas (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view the complete edition of Today’s Top 10 Trades. Natural Gas (CME NG Mar15) Weekly/Daily/4hr/Hourly NG surged ahead in the second half of Friday’s session, leaving it roughly where it broke down Thursday just ahead of the storage figures release. With the strong performance Friday, NG has clearly broken above descending wedgeRead More

WTI Crude (CL) Hits Downchannel Resistance on Weekly Chart

WTI Crude (Wkly/Dly/4hr/Hrly) Charts

Please Register/Login to view the complete edition of Today’s Top 10 Trades. WTI Crude (CME CL Mar15) Weekly/Daily/4hr/Hourly CL plowed further ahead yesterday, easily slicing through 50 to 54 intraday, before encountering downchannel resistance (on the weekly chart). The weekly MACD green line is beginning to turn up, suggesting a positive crossover soon, and followingRead More