Montenaro

Montenaro

This is a 1 Month Chart. Since being stopped out of my previous trade on 08/09/2022 with STOP LOSS order set @ 83.57 USD and taking a loss of 3%, I will enter the trade in WTI Crude oil using the technologcical advantage of a financial instrument 3 x leverage ETF tracking WTI Crude on the LSE. The ENTRY POINT for todays de will be set during the current day DCB...

Montenaro

This is a 1 Month Chart. Currently I am trading and still maintaining financial instrument 3 x leverage ETF tracking WTI Crude on the LSE Yesterday's 07/09/2022 Technical Analysis was a success with the price of WTI Crude closing 81.90 USD and briefly reaching my profit target and EXIT POINT @ 81.53 USD during the American session of the trading day. At the...

Montenaro

This is a 1 Month Chart. Currently I am trading and still maintaining financial instrument 3 x leverage ETF tracking WTI Crude on the MIB At the time of writing during the Asian session the price of WTI Crude is trading below the previous day close and the current day DCB REF PRICE of 68.90 USD and below yesterday's peak @ 89.40 USD aswell as below the 200 Day...

Montenaro

Looking on the website of the US Department of Labor regarding State Minimum Wage Laws I calculated the minimum monthly wage for each state who's Basic Minimum Rate (per hour) is above the federal minmum wage of $7.25 per hour as follow: Basic Minimum Rate (per hour) x 40 hour work week x 52 weeks / 12 Months = Minimum Monthly Wage.

Montenaro Updated 

This is a 1 Month Chart. The 28/06/2022 was the last trading day for the July contract and the NG trade settled at the closing price of 6.55 USD. This was according to my expectation above that day DCB REF PRICE of 6.50 USD but below my Price Target of 6.85 USD. Now it may not be a large dollar amount nor a large percentage but it is atleast a positive...

Montenaro Updated 

This is a 5 Day Chart. On the 27/06/2022 my trade got stopped out @ 6.30 USD So what is worth mentioning is that the price of NG did not break below the 200 DAY MA on the 1 year chart (as indicated as a horizontal red line on the chart) aswell as the psychological level of 6 USD (as indicated as a horizontal black line on the chart) during the past 2...

Montenaro

As we are nearing the termination of trading date for the July contract, I have decided to enter the NG trade @ 6.10 USD during the European session with a short postion that I will maintain via a 3 X leveraged ETF over the next 48 hours if my stop loss @ 6.30 USD is not triggered and with the expectation of either reaching the price target 5.60 USD which is close...

Montenaro

Alright so what happened here. So basically the Stop limit has been reach on the 05 MAY 2022 for the Target Price of 8.85 USD for the month of June 2022 and w/ref NOV 2006 @ 8.85 USD for a certain portion of the market participants. This is clearly a bullish indicator that the market is hitting end of the month Price Targets within the first week!! This can be...

Montenaro

It's truly the storming of the Bulls Encierro!! So the price of NG managed to do a breakout above the psychological level of 8 USD in what what I thought was going to be a consolidation phase. Before the breakout It dipped back to the 7.75 USD and I took a position at 7.80 USD eventhough I mentioned in my previous TA I would enter at 6.85 or after the release of...

Montenaro Updated 

So since 6 April 2021 until a week or so ago the price of Natural Gas has increased basically by 220% October Highs The high for 2021 happen on the 6 October @ 6.30 USD shortly thereafter the price of Natural Gas decline by around about 40% between end October and begining of December 2021 as indicated by red downward arrow on the chart December Consolidation...

Montenaro

Now this is a simple price ratio strategy between the commodities of WTI Crude - Top Chart - 5 Day Chart Gold -Middle Chart - 5 year Chart Copper - Bottom Chart - 5 year Chart for the month of May 2022. The price discovery betwen the 3 above mentioned commodites was achieved during the time period between 24 July 2017 and 1 October 2018 the Median price,...

Montenaro

So a daily horoscope reading is probably more accurate than my current TA but anyway so looking at the trend lines as a forward looking indicator in this case the blue dashed lines there seems to be a high probability of the price of WTI Crude reaching 145 USD/Barrel or even higher maybe the unthinkable 200 USD/Barrel after all it always seems impossible until it...

Montenaro

So looking at the past decade of 2010 - 2020 Natural Gas had its Highs in 2010, 2014 and 2018 and Lows in 2012, 2016 and 2020 indicating a 2 year cycle. During this time period NG had a trading range ranging from basically 1.50 on the Low side to 6 USD on the High side which I consider the extreme parameters with in which the NG Contract operates for the most...

Montenaro

Between the time period of 24 July 2017 - 1 October 2018 the median price for the abovementioned commodities were as follow: 2.95 USD/lb for COPPER 60 USD/Barrel for WTI CRUDE OIL 1268 USD/Oz GOLD During the time period of 1 October 2018 - 30 December 2019 the commodities respected the trading range for the most part with the exception of Gold since May...

Montenaro

Quick TA for Ol’ Uncle Henry Hub NG. Since the -30% crash in NG around the 30 November 2021 date, the price of NG has experienced a period of consolidation during the month of December that year as indicated by the yellow rectangle. In the new year the price of NG has experienced not only increased volatility but also higher highs and lower lows. There seems to...

Montenaro

So the Federal Minimum wage is set at 1256.66 USD per month. During the time period between 24 July 2017 and 1 October 2018 the Median price, being the value separating the higher half from the lower half for the following commodities were as follow as indicated by a thick black horizontal line on each respective chart: 2.95 USD/lb for Copper 60 USD/Barrel for...

Montenaro

Technical Analysis for WTI Crude Bear with me folks I went crazy with the digital crayons this time. Date range FEB 2021 - FEB 2022 Indicated by Black Vertical Lines 2px During the abovementioned time period the price of WTI crude bounced around about 62 USD/Barrel up to the dizzy heights of 95 USD/Barrel have increased by a whopping 50% as indicated in a...

Montenaro

Short WTI crude oil of the course of the following 2 consecutive weeks ahead with target range @ 75 USD/Barrel. Strong support at 72 USD/Barrel. A break below 72 USD/Barrel will probably mean a trading range of between 60 - 70 over the course of the following weeks ahead USD/Barrel with a average of 66 and strong support @ 62 USD/Barrel.