natural gas has been consolidating for some time now, transiting to the injection season. the withdrawal season will be coming to an end march 31st. it is falling back down to the demand zone. going for 100 pips to 4.5350. please be mindful as always the price is different on trading view than your broker. Natural gas an oil are seeing a selloff due to Russia and...
Ngas had a weekend gap on sunday due to news of Russia Imports possible ban. after the weekend gap the market sold to the demand zone. on the 4hr timeframe you can see if had a fake out of the demand zone. breaking then the very next 4r candle coming back up into the demand zone. if the next candle would have closed below the demand zone it would have indicated a...
Oil gapped over the weekend hitting a 2008 high of $125 oil price. It made a mini double bottom and pulled back before continuing. I see it going to $130-$132 are before going to a bull back More supply fears are coming in. There are talks of import bans being put on Russia. Russia is a very big importer for many countries including the u.s. supply fears and...
on the daily time frame a head and shoulders pattern is forming. on the 1hr time frame natural gas broke the up trend, and is need for a correction. there is a regular bullish divergence forming on the 1hr as well. A regular bullish divergence indicates a bull back in the market. This is about a 100 pip move, looking for price to go back near the trendline.I am...
waiting for the oullback to finish to look for an entry. May enter before market closes or after it opens around 6pm. going for about 150 pips to (8.oo to see if it will break this pervious resistance. Russia has not begun backing down from Ukriane. they bombed Kharkiv, Ukrainian. Dozens were killed and hundreds wounded. ALso there is a possibility that oil will...
Looking for entry possible after market opens back up, waiting on brief pull back. Russia bombed kharkiv, Ukraine. dozens were killed and hundreds were wounded. Gold is a safe haven asset so if investors see fear in the market their money is put in gold, Russia not backing down will cause it to soar. OPEC+ is making a decision by tomorrow to release oil from...
Ngas soared as well went the market opened. I held a trade from last week to gain these profits. Taking tp and waiting for further confirmations
Gold soared to my second TP soon as the market opened. To gain profit if would’ve have had an open position from Friday. I’m going to chill and wait for further confirmations
Gold was also triggered by supply fears along with Natural gas and oil. This fear was caused from sanctions being placed on Russia and Russia invading Ukraine. Gold rose to the price of $1974. Not far from its pervious high $2075 back in august of 2020. When there is fear in the market gold is often used as a safe haven asset. Investors will put their money...
oil drove to $100 due to fear of supply with Russia invading Ukraine. This is the first time oil has hit $00 since 2014, so of course it will not just bust through like we all wish it would. The market needed to correct itself first, pulling back to $90.50.on the 4hr time frame you see a fakeout of the trendline, indicating oil is going to push up some more. it is...
on the daily ngas is forming a head and shoulder. The head and shoulder is apart of major structure. going down to the 4hr and 1hr you will see a forming rising wedge. bearish candle wick exhaustion indication bulls are coming back. lining up with the support and trend line of the rising wedge. also a hidden bearish divergence forming as well. waiting for the...
* The USD and JPY currency are both safe haven assets * What is a safe haven asset? A currency that out performs when financial markets crumble;type of investment that is expected to retain or increase in value during times of market turbulence * Many investors use xauusd as a safe haven as well, putting their money in gold when they have fear thus creating...
Oil rejected off the trend line, bears exhausting. Going for a 100 pip move to $93.00
continuing from yesterday's setup. wanted to wait on a better confirmation, i see bears arre trying to take over the market from bullish wick exhaustion. going to let gold push up a little more, i'm setting an alert to enter the trade. selling near the trend line
Taking a sell on ngas to 4.4600 area. I entered at 4.6550. My first tp will be at 4.5600. Then look for another entry
waiting for confirmations for gold sell on 1hr, going to wait before entering since there is a bank holiday tomorrow
before I go for a buy or sell, i want to see more confirmations especially with the news about Ukraine and Russia
going to sell eurusd while it is at a pause in the market down to about 75 pips