The classical head & shoulders formation on Natural Gas, with a top @ $10 and a neckline @ $7,50, is projecting targets $2.50 below the neckline. Apparently we have not been there yet, the trend remains down in all time frames and it will be reversed > $7.50. Disclaimer> This post is informational only. This […]
The summer bear market in Crude Oil has been so deep that even the last week’s rally of +$10 has not been enough to drive the market up to its Fib resistance. Despite the bear market rally, longs are not out of danger yet, as we may need to confirm a more solid bottom formation […]
Natural Gas -if below<$7.50- would turn warning lights for a double-top on the weekly (see chart). This would signal lower energy cost. – (Petros Steriotis, thetradingstrategist.com) Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk […]
Since Crude Oil went negative in April 2020, it has been in a strong upmove leading it past $100/bbl. However, the recent downtrend is now threatening the trendline that connects important lows on the daily. (see chart) – (Petros Steriotis, thetradingstrategist.com) Disclaimer> This post is informational only. This post is not a trading or investment […]
Gold is testing the most crucial make-or-break support on the post-pandemic weekly chart. Further weakness will confirm the breakdown and the double top and will project a target price as lower from here as the distance between the support (ca. $1.670) and the horizontal resistance (ca. $2.080). Disclaimer> This post is informational only. This post […]
In order to convince us that a rounding bottom is in, BTC will need to surpass the 25k. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk decisions which you and only you are responsible […]