Natural gas futures (/NG) have broken down below trendline support, signaling a likely end to the uptrend off the Feb 15th lows with a possible kickback rally to backtest the trendline from below coming soon. The breakdown in nat gas futures caused UGAZ to gap below the uptrend line that was highlighted in this trading room reply just over a week ago (second chart below). click on first chart to expand, then click anywhere on right of each chart to advance to the next expanded image or pinch-zoom on mobile
Technical analysis of the US stock market, gold, silver, crude oil & natural gas providing the near-term outlook along with key support & resistance levels.
Technical analysis providing the near-term outlook for the US stock market, gold, silver, GDX, crude oil & natural gas. playback speed can be increased in the settings to reduce the duration of the video
This week will, by far, be the most important week of this earnings season with a total of 119 companies in the S&P 500 index reporting. This week will also see all five of the market leading FAAMG stocks (FB, AAPL, AMZN, MSFT & GOOGL) reporting along with a slew of other market leading stocks. As such, one should expect an increase in volatility & opening gaps. There is a link for an earnings calendar located on the home page sidebar under 'Tools of the Trade" along with an economic calendar with the potential market moving reports denoted with a red [...]
Technical analysis providing the near-term outlook for the US equity markets, gold, silver, platinum, crude oil & the US Dollar.
Technical analysis providing the near-term outlook for the US stock market, gold, silver & the mining stocks, natural gas and crude oil. I've also included a static 60-minute chart of /PL (platinum futures) below the video as platinum is starting to break down below this very extended price channel with negative divergences in place. Potential price targets are shown below. PL 60-min Jan 22nd
End of day market wrap covering the following commodities & indices via 60-minute futures charts: Gold, Crude Oil, Siver, Natural Gas, Dow Industrials, S&P 500 & the Nasdaq 100.