NATURAL GAS – Week 12 – Indecision territory.Natgas ended the week exactly where it started it. The price moved slowly, breaking our previous support area, but at the end of Friday’s trading session, it started to increase.
For this week, we will grow confident of an uptrend if we break the resistance level together with the orange trendline and consolidate above it. If not, the price may continue to drop towards the support area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Ordeblocks
SILVER (XAG/USD) – Week 12 – Sweet spot on the radar.Last week was a corrective week for Silver, as the FOMC meeting had little impact on the price.
For this week, we expect the price to give us a reaction at the “sweet spot” located around the $27 area and then resuming its bearish move towards our target. After our target is reached, we are expecting a strong reversal. Supported by a powerful Weekly bullish trend, Silver could provide a great investment opportunity, having a great chance to reach at least the $35 landmark.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
