Natural looks like it has found some resistance near the 50 hour MA. This leaves me to think it will come down a little to the support line around 2,57. We will have to see how it will react to a retest of this resistance line. If it keeps the support it might go up and start to work towards 3 dollar. If it breaks the suppert 2 dollars might be the next thing to...
After a short pullback from a clear historical resistance at 49.00, oil has shown a weaker momentum in the days that followed. This raised the question with me wether or not this is a sign that oil is ready for a little pullback. I personally think it is. The first support level is around 46, but i think the price might push lower to around 44. This was the...
There might be a good long possibility for natural gas with the price trading just outside of the downwards channel. The downwards channel is traditionally seen as a bullish pattern reinforcing my prediction. I used blue for my support lines and red for resistance. With a three day close following January 1st, a big move at the opening might very well be the case....
With more countries going into lockdown, the possibility of Crude Oil to rise is very unlikely. Crude oil has show a very solid downtrend and has formed a descending triangle which has a very high potential of breaking out to the downside.
