A follow-up to the 60-minute charts of gold, crude oil, natural gas & the US equity indices covered shortly before the market opened today. Also covered are the charts of GDX & GDXJ (junior gold miners ETF) with some recent technical developments & price targets.
A quick (10 minute) video with technical analysis of gold, crude oil, natural gas & the US equity markets via 60-minute futures.
This video covers trade setups on the following securities that appear to be setting up as long swing trade & potential trend trading opportunities. Covered in the following order are; GE (General Electric Co.), UGAZ & /NG (3x bullish natural gas ETN & futures), AOBC (American Outdoor Brands Corp FKA Smith & Wesson Holding Co) & CMG (Chipotle Mexican Grill).
This video begins with analysis & the near-term outlook for the cannabis sector followed by analysis on gold & GDX, natural gas stocks & various agricultural commodities.
Natural gas futures (/NG) put in a divergent high on the 60-minute time frame in last night's trading session, so far reversing just shy of the 3.11ish resistance level. Maybe we get one more thrust up to test that resistance level again soon, maybe not. My preferred scenario at this time has natural gas reversing off the 3.10-3.12 resistance zone & should that prove to be the case, my expectation is for a pullback to at least the 3.00 level & quite possibly the 2.866 or even the 2.78 level before a resumption of the uptrend. NG 60-min Jan 2nd [...]
Member @woltertm requested an update on UGAZ (3x bullish natural gas ETN) in the trading room & as I still think that natural gas prices are at or near a bottom, I figured that I would post an update on the front page. UGAZ was posted in the trading room as a trade idea with the first chart below on Dec 15th, listing a sole price target of 6.86. In the Gold, GDX, Platinum & Natural Gas video on Dec 18th, I added another price target at 6.29 where quick profits could be taken as UGAZ had already rallied 17% since [...]
Several swing trade & potential investment ideas that stand out at this time including gold, natural gas, select commodities & stocks. An update on the broad markets via the Nasdaq 100 (QQQ & /NQ emini futures) is also covered at the end of the video.