Nov 172014
 
Natural Gas and the pop on Monday. It was cold outside!
Natural gas daily chart showing the 5.79% pop on Monday, November 17. The price of natural gas has an inverse correlation to the current temperature and short-term forecast.  Sometimes the traders will go outside to verify the temperature and make their own forecast.

Natural Gas 6-Month Daily Chart

Natural gas daily chart showing the 5.79% pop on Monday, November 17. The price of natural gas has an inverse correlation to the current temperature and short-term forecast. Sometimes the traders will go outside to verify the temperature and make their own forecast. A trader that feels cold after the trip outside will take some new long positions. Also the temperature on the trading floor or in their office can affect the market.

United States Natural Gas Fund (UNG) is one way to trade this commodity without leverage……………

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Nov 142014
 
A 2.25% pop for GOLD today but……….
Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop today. But the major trend is down and the intermediate trend is down.  Gold will meet heavy resistance at 1,200.


Gold Daily Chart

Daily chart for gold showing the 2.25% pop today. Relative weakness in the U.S. dollar today and short covering are two possible reasons for the pop. But the major trend is down and the intermediate trend is down. Gold will meet heavy resistance at 1,200.

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And the view from the weekly chart for gold
Weekly chart for gold showing the intermediate downtrend with support and resistance levels.

Gold 3-Year Weekly Chart

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Long uphill road ahead for the gold miners
Chart showing the pop in the gold miners.

GDX Weekly Chart

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Shorts covered today but will be back
DZZ PowerShares  double short for gold.

DZZ PowerShares DB Gold Double Short ETN Daily Chart

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Nov 132014
 
A break below major support of 29 for USO
A break below major support of 29 for U.S. Oil Fund  (USO)

USO 3-Year Chart

USO ETF is a proxy for West Texas Intermediate.

Reference the last chart analysis for USO.

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Nov 102014
 
Again! Oil (USO ETF) will test major support of 29
USO will test major support of 29.  Intermediate trend is down and near-term trend is down.

USO 3-Year Weekly Chart

Again, USO will test major support of 29. Intermediate trend is down and near-term trend is down.

The United States Oil Fund® LP (USO) is an exchange-traded security designed to track the daily price movements of West Texas Intermediate (“WTI”) light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca………………….

______________________________

“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.