Ngas reversal coming to the strongest support. We will see what next weeks will bring. I will not enter new position as stop loss with NGAS is money waste - it always brakes them and then takes direction.
uptrend line break is confirmed. I will not short it but I exited all longs in miners. Time to step aside and wait for trend confirmation. Same with GDX.
I have closed all of my long positions in gold and miners and collected profits (small ones). It is so weak, with USD on the lowest levels in last 12 months I would expect more bullishness in moves. I expect check of lower supports 1240 / 1220 and then strong up wave. I will also not short it but take new long positions - swing trade. Be carefull and make your...
If gold managees to break and sty above 1240 I beleive 1264 will be reached. If not 1220 could be retested
Today is a big day for USOIL - after initial rebound yestarday' s API stopped the progress. If today EIA is clearly bearish we could in next weeks revist high 30's - 38 or similar. With bullish EIA really to 49 in next 15 days is in.
Around 48.50 it could be good opportuinity for long. I will go with 25 or 50% of the planned position. There is still risk of further fall.
NEXT buy around 24.81; if it breaks support I will double at 24.55.
We came to the final decision point. If we break app. 2.45 I don't know where the bottom will be. If NGAS manages to rebound from this strong support area /2.45-2.65/ nice gains are possible. I'm staying aside but I might open long position. I will not post it as I'm not regularly on net. MAKE YOUR OWN DESCISION IF YOU TAKE THIS TRADE THE RISK IS VERY BIG,...
We stayed above resistance yesterday, it is extremly important for longs to bounce from this resistance which could open door to USOIL 55/60. We could end up back in our range at the end of the day. It will be combination of techicals and fundamentals. If API and EIA this week are positive, the bounce could be very strong. On the other hand longs are very...
Ex resistance retested and became support. Is the way to 19 open?