The bullish case for /NG (natural gas) continues to firm up with today’s breakout & objective long entry or add-on above the bullish falling wedge following the recent divergent low. Next buy signal to come on a solid break above the 2.708ish target/resistance level. 60-minute charts of /NG & UNG below.
NG 60m Oct 5th
UNG 60m Oct 5th
/KC coffee continues to flirt with the 1.0860 support/resistance level following a few recent whipsaws above & below it as the positive divergences continue to build on this 120-minute time frame. I’ve added a new downtrend line that could trigger a rally if taken out. 120-minute chart of /KC followed by the 60-minute chart of JO (coffee ETN) below.
KC 120m Oct 5th
JO 60m Oct 5th