In this 3 ETF (NatGas related 3x Shares) a few big players are positioning heavily for the last 4 months. Do these big players know something????
Natural Gas printed a potential exhaustion candlestick on Friday. That doesn't make me nervous. There are still a lot of shorts in NatGas. We have plenty of time to run... (If it bottomed we can rally for 2 years...) We are above the 10 EMA. We are above the 20 EMA. We closed above the basis of BB (it usually means we are going to reach the upper Bollinger...
We have a pullback in lot of energy shares these days. HK is just one of them. We tagged the 50 EMA today. The volume is decreasing as price falling. We will start to soar soon. The next target at 2.60 is 160 % profit....
First rule of the trade club: You do not short gold. Second rule of the trade club: you DO NOT f.. short gold. If you check the chart you will see what we came down in 48 hours we erased in 5 hours today. This is a junior bull market. If you go short :95% chance you will lose money. I know a few of you are trapped now. DON'T START TO HOPE THAT WE ARE TURNING...
I want post the daily chart because it's very very bullish. - Today it's the 2nd day when we are bouncing off the pennant's upper trendline. - We closed near to the daily maximum. - We closed above th 10 EMA - so the 10 EMA is holding the price - The last 20 EMA tag was 38 days before (!!!!) - 2months.... It means to me that gold is breaking out of the...
It seems to me that all the pullback we are going to get is happening in this and in the next 4hrs candle. I was hoping to get this 2nd pullback to the 50 EMA ( as I predicted on the daily chart yesterday) but it seems we are not going to get it. All we get is the pullback to the 20 EMA on the 4hrs...
I think today after the ECB decision gold will start it's final rally to 1306 ( 2015 Jan high) with the weakening dollar. I'm still in a long position so I don't do anything. I just offer a good long opportunity for the ones who are not in position yet. Gold will soon produce a seriuos decline but before that it will stop out the shorts and pull in the late...
On the 02.26 EurUsd broke down its trendline. 2 days ago we tested back and we are turning down. It's simple. We go short , that's it. Deflation danger in the Eurozone Draghi will weaken the Euro today as he did in the last 1,5 years. -------------------------------------BREAKING------------------------------------------- Above you see what everyone else is doing...
This is going to be a long way up. After the breakout and one day of consolidation the price has broken out today. The first important level to be tested is the 2016 Feb breakdown level: 1.950. This is just the beginning. If a new bull is starting I'm going to ride it in the next 2-3 years.
Today oil successfully finished its testback. We couldn't break below the 100 EMA. We rallied for the neutral oil data. ( Just saying I'm 100% sure that Saudis are cutting) As I'm writing this we just broke to new highs. This is the moment when trapped bears are getting really nervous. I think we don't need too much time to test the 200 EMA at 42.50. Before that...
Though we are getting late in this intermediate cycle gold still looks bullish to me. Today we are bouncing up from the pennant's upper trendline and the 10 EMA. The only thing now makes me nervous that MACD crossed down again. I wouldn't open a new long position here, but I'm holding my long position. I'm still waiting for at least to tag the 1308 - the 2015....
I didn't like yesterday's action in gold. I was waiting the price to run new highs above 1280. While the 50 EMA is holding and 10&20 EMA is not crossing over it' still bullish. 50 EMA was a supprt in the pennant all the way long. For a run to 1310.47 we would need a USD weakening... .. and we need the the bears with their short coverings while they are trying to...
Before anybody would start to jump out of the oil position today I would warn everybody that it's just a pullback. We are testing back the 100 EMA today. Even testing back the breakout of the double bottom (34-34.30) would be also normal, I don't think that will happen though. Check on the chart 04.21.2015. - I think we are somewhere there today. 2015 April we...
When I post a "Big Thing" you saw that something is going to happen... In natural gas I see the same price-indicator divergencies as in oil. If the commodity complex is bottoming then it's going to be the next big story, because it's shorted to death.... Today we broke the daily trendline, so I think it's starting. I will buy Natural gas and UGAZ also. I will...
The 3 possible targets if the channel could work: 1307 or 1348.( Intermediate highs) Also the pennant's height is a possible target : 1328 , but this target is little bit subjective, we could count it many way. We should not come below the 50 EMA (1243 today) or break back down into the pennant...
After the successfull breakout of the pennant price almost tested back the upper trendline of the pennant last Friday. The breakout should go at least to the 2014 July intermediate high (1345) It is also very close to the target we can count from the pennant's height (highlighted by green). If the rally is strong enough we might test the 2014 March intermediate...
I post a 2009 chart, to see the similarities with today's situation and let you preapare for the next 2-4 months. At the beginning of 2009 oil broke out of a triple bottom. The breakout was on 17.03.2009. Next day we had a testback to the breakout and price rallied 10$ for 2 weeks. No pullbacks. No red candles. After this initial rally we had a pennant...
We had a fantastic week in oil and in the energy sector. As I was posting last week the energy shares and oil were showing divergences. Oil was making lower lows, but the energy sector was crawling higher and higher. What's the reason? Saudis started to cut? Oil companies were given a promise that price will raise? Gold-0.26% was showing the way to the whole...