wow up 20% today.

/NG did just put in a divergent low on the 60-minute chart & also has some big positive divergences forming on the daily chart as well. I make a note to post some charts on nat gas asap and/or cover it in a video.

Nat gas is certainly affected by weather forecasts but typically longer-term forecasts & not so much the minute-by-minute changes. It trades well to the technicals (charts) which tend to have all known variables, including the weather, supply disruptions, etc.. already priced in.
Other than a pretty big unexpected change in the weather outlook, the big thing that can foil the charts on nat gas is the weekly inventory reports. Just something that swing & position/trend traders must learn to live with or trade around.

Thx for pointing that out. I just pulled a long-term weekly chart of MS & I do see that recent breakout above the downtrend line off the 2000 highs. MS also has negative divergence on the weekly so my guess is that a backtest of the trendline in the coming weeks to months is likely & if so, that could account for a drop of about ~18% from current levels. First things first & that would be to see some decent sell signals on the majority of the big banks.

If, nay, when the next really BIG drop in the market comes, if that coincides with a rapid shift in the economic outlook then silver will likely underperform gold as it trades more for its industrial use than gold, which can often catch a flight-to-safety bid during corrections & bear markets, helping to offset the decreased demand from its industrial applications.

Of course, the charts will likely help to indicate whether silver will rally with gold (assuming the former does rally) or fall with the stock market when the next big drop finally gets underway.

I have a coal watch list for my christmas stocking…. CTRA was theist looking one, am in that one, but china made some announcement to but US coal…..so could be a long run who knows

Big big positive divergence on hourly on QG futures.

I did the same and would like Randys take on this set up.