While crude, ES, YM, NQ, and everything else under the sun rallies, natural gas says, “no way”—as usual, it tends to do its own thing. On the daily chart, we have a bearish outside vertical candle/bar that formed, after price tested the old floor (support level) around 3.70. In my opinion, the best bearish outside bars are the ones that close lower...
Well it was another choppy week in my opinion as far as currency trading goes, but a few pairs may have made up their minds. GBP/CHF and EUR/CHF have bearish bar/candle formations on their weekly charts . If 1.25186 gives on GBP/CHF and 1.10013 on EUR/CHF, potential targets could be 1.23500 and 1.07000 respectively. Both pairs have aggressively rejected...
The markets are making it very difficult for this up and coming blogger. Not much to write about! The action in the currency markets continues to be extremely choppy—almost as if the pairs are waiting on some important information (hmm). And my long order on EUR/NZD and short order on NZD/USD were never filled, so no harm done fortunately.
After endless days of chop, silver finally decided to break out. There could be some opportunities to get onboard the bull train if pulls back to $42, so watch that level for any signs of bullish price action. If it doesn’t pull back to $42, $44.50 - $45.00 could be the next pit stop before $50.
When it comes to...