Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV22

Weekly – In the    Feb 2022 uptrend. Trade pressures are down but rising. Volumes are  bearish.

Daily – Long. In the move up from the 84.28 new long entry on 9/9. Trade pressures are rising into the neutral zone. Volumes are now neutral.

The next target up is 88.83. Overbought is at 91.00.

A close below 83.36 would signal lower. Use as SL.

[9/12/22: Raise SL to 87.18.] [9/13/22: Stopped out]

 

NAT GAS_ NGV22

Weekly – In the June 2021 uptrend. Trade pressures are now down. Volumes are bearish.

Daily – Flat. In the move down from the 8.90 short entry; out at 7.80 at oversold. Trade pressures are down but rising. Volumes are neutral.

The next target down is 7.28.

A close above 8.00 would signal a retracement in this move down. Very risky, so use tight stops.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly – In the May 2022 downtrend. Trade pressures are Neutral. Volumes are now bullish.

Daily – Long. In the new move up from 3.52 after being stopped out at the 3.46 level. Trade pressures are up. Volumes are bullish.

The next target up is 3.68 and would be an overbought level. Take profits there.

A close below 3.53 would signal lower.

[9/12/22: Raise SL to 3.58.]

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Long. In the new move up from the 1731 level. Trade pressures are up. Volumes are bearish.

The next target up is 1763 and would also be an over bought level. Take profits there.

A close below 1715 would signal lower.

[9/12/22: Sell gold at mkt ,1735.]

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In a small move up but the trigger for a new long is 18.83. Trade pressures are up. Volumes are bullish.

The next target up is the 19.16.

A close below 18.32 would signal lower.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in a short trade. Gold is basing short term, looking for a long entry. Silver looking for a new long.

Crude oil is short. Natural gas is short. Use tight stops as these are getting oversold.

The US 30 YR T-Bond is still short but stops have moved in closer.

The US Dollar futures are extended and vulnerable to a pullback. But int’l funds seem to continue the flow to the Dollar.

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S&P 500 Futures_

Monthly – In the move down off the 2021 highs. Trade pressure are down. Volumes closed the month of August as bearish. The next target down is 3695. A close above 4275 would confirm any weekly move higher.

Weekly – Three week correction from the June move up Trade pressures are down into the neutral zone. Vou es ar bearish. The next target down is 3589. A close above 4313 would confirm any Daily move higher.

Daily – Short in the move down from the 4093 short entry on 8/26. That trade was close at 3911 with oversold signals. Trade pressures are down. Volumes are bearish. The next target down is 3862. A close above 4001 would signal higher.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This last week’s market continued the move down. But the values moved down to approximately $77,000. The Year-to-Date portfolio performance is now down 23%.

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ22

Weekly – Remains in the long March 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the Feb 2022 uptrend. Trade pressures are up but showing some divergence. Volumes are bullish.

The next target up is 110.43.

A close below108.82 would signal a correction lower.

 

US 30YR T-BOND_ USZ22

Weekly – In the Jan 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Short, in the move down from the 140-13 short entry on 8/11. Trade pressures are down. Volumes are bearish.

The next target down is 133-03, the prior low. Watch the 10yr yield.

A close above 135-00 would signal higher. Use this 135 level as the SL.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV22

Weekly – In the Fed 2022 uptrend. Trade pressures are down. Volumes are now neutral.

Daily – Short. In the move down from the 89.48 short entry. Trade pressures are down. Volumes are bearish.

Sitting on the 200 day MA at 86.87, the next target down is 81.30.

A close above 89.00 would signal higher. [9/7/22: Lower stops to 87.47.]

[9/7/22: Take profits at the 81.90 target.]

 

NAT GAS_ NGV22

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes are now neutral.

Daily – Short. In the move down from the 8.90 entry. Trade pressures are down. Volumes are bearish.

The next target down is 8.56.

A close above the prior bar’s high at 9.24 would signal higher. Use this 9.24 as the stop.

[9/7/22: at the the 7.80 target. Take profits here.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly Continues the May 2022 downtrend, Trade pressures are in the neutral zone. Volumes are now bearish.

Daily – Short. In the new move down from the 3.42 entry on 9/1. Trade pressures are down. Volumes are bearish.

The next target down is the prior low at 3.13 then 3.05.  The OverSold level is 3.32, so lower stops aggressively.

A close above 3.46 would signal a new move up. Use this level as the SL.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat.  At the oversold level of 1704. Trade pressures are down but rising. Volumes are now bullish.

The new long entry is a close above 1731.

A close below 1707 signals a short. Use this level as the SL. High inverse correlation to the USD.

[9-7-22: New long entry @1721.] [Raise SL to BE, 1721.]

 

SILVER_ SIZ22

Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down below the July low of 1808. Trade pressures are down but rising. Volumes are bearish.

The next target down is 17.58 which should act as support.

A close above 18.26 would signal a new long entry.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is overbought. Gold is oversold. Silver is trying to rally.

Crude oil is near a new long entry. Natural Gas is in retracement.

The US 30 year is a short trade.

The US Dollar futures are in a small retracement .

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S&P 500 Futures_

Monthly – tested both the May 2022 high and the new monthly long entry and failed. Trade pressures are down but rising. Volumes closed the Month of July as bearish. The next target down remains the 3008 level. A close above the 4275 level would confirm any weekly move higher.

Weekly – In the retracement up of the April move down. Trade pressures are up. Volumes are bearish. The next target down is the prior low at 3639. A close above 4313 would confirm any daily move higher.

Daily – Short. In the new move down from the 4093 short entry on 8/26, triggered by the Jackson Hole FED meeting. Trade pressures are down, but rising. Volumes are bearish. The next target down is 3832. A close above 4205 would signal higher. The market is currently oversold. This selloff was a very newsy event, which often is stabilized shortly thereafter.

[9-01-22: Oversold. Close short at 3911.]

Patience. It is summer and the week before labor day.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins each year at $100,000. The Top 5 Growth stocks are tracked throughout each year. This portfolio is marked to the market and is restarted at $100,000 for the 2022 year.

The portfolio stocks closed up 39% for the 2021 Year.

This last week’s market continued the move down with the Jackson Hole meeting news. But the values moved up to approximately $79,000. The Year-to-Date portfolio performance is now down 21%.

Quanta Svcs (PWR) and Sociedad de Quimica ( SQM) will be replaced by CF Industries (CF) and Occidental Petroleum (OXY) at the open on Monday.

[The author may have long or short positions in any of the securities mentioned.]

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ22

Weekly – In the March 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the move up from the 105.96 long entry. Trade pressures are up but turning down. Volumes are bullish.

Price at 108.40 resistance, the next target up is 109.75.

A close below 107.45 would signal lower. It does appear that a small bull flag is forming. (a correction)

 

US 30YR T-BOND_ USZ22

Weekly – In the January 2022 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 140-13 on 8/11. Trade pressures are down but rising. Volumes are bearish.

The next target down is 134-27.

A close above 139-02 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLV22

Weekly – In the February 2022 uptrend. Trade pressures are down. Volumes are now neutral.

Daily – Flat. In the move up off the 200 day MA at 87.12. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is the new long entry at 93.83.

A close below the MA signals lower.

 

NAT GAS_ NGV22

Weekly – In the June 2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily ; Flat. In the move up from the 8.52 long entry on 8/11. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is retest of the 9.99 high.

A close below 8.90 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ22

Weekly – In the May 2022 downtrend. Trade pressures are up. Volumes are now bullish.

Daily – Flat. Breaks above the June august trendline. Trade pressures are up. Volumes are now bearish.

The next target up is 4.00.

At the 3.67 target with some room above, but expect some retracement here.

 

GOLD_ GCZ22

Weekly – In the July 2022 downtrend. Trade pressures are up but turned down with the FED speech. Volumes are now bearish.

Daily – Flat. The move up from 1751 is stopped out at the BE of 1751. Trade pressures are up, but turning down. Volumes are bearish.

The next target down is 1722.

A close back above 1755 would restart the move up.

 

SILVER_ SIZ22

Weekly – Remains in the May 2022 downtrend. Trade pressures are in the neutral zone. Volumes are bearish.

Daily – Flat. In the move down from the 19.80 on 8/17. Trade pressures are rising into the neutral zone. Volumes are bearish.

The next target down is 18.12.

A close above 19.51 would signal higher.