Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the January 2022 uptrend. Trade pressures are down. Volumes are bullish.

Daily – Long. Completed the move down to the 92.72 target, Trade pressures are in the neutral zone. Volumes are neutral.

The close above the 100.35 triggered the new long entry. The next target up is 108.53.

A close below 97.83 would signal lower.

[7-12-22: stopped out at the 97.83 SL. The weekly did not confirm.]

 

NAT GAS_ NGQ22

Weekly – In the June 2021 uptrend. Near the 4.27 support level. Trade pressures are down. Volumes are bearish.

Daily – Long. The 6.10 entry has been triggered. Trade pressures are up. Volumes are bullish.

The next target up is 6.93.

A close below 5.96 would signal lower. The weekly does not confirm; set the stops at 5.96.

[7-12-22: raise stop to BE @ 6.10.]

[7-13-22: Weekly turning up but still down. profit stop at 6.72.] [Noon: out at 6.72]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU22

Weekly – In the May 2022 move down. Trade pressures are down. Volumes are now bullish.

Daily – Flat. In the new move up off the 3.27 low pivot and the 3.40 long entry. Trade pressures are down but rising. Volumes are bearish.

The next target up is 3.54.  look for a back test at 3.45 and a bullish reversal to enter the trade

A close below the 3.40 long entry price would signal lower. Use this as the SL

 

GOLD_ GCQ22

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

Daily – Flat. In the move down from 1807. Trade pressures are down. Volumes are bearish.

The next target down is 1697.

A close above 1785 would signal higher.

 

SILVER_ SIU22

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

Daily – Flat. In the move down. The prior short was closed with a profit at the 19.09 target. Trade pressures are down but rising. Volumes are bearish.

The next target down is 18.28.

A close above 19.77 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is the move down. Gold and silver both came down with all metals, but setting up for a reversal to the upside.

Crude oil continues the range trade between 109 and 100. Natural gas is in the down-move but perhaps near the end.

The US 30 year Treasury is making a new move up.

The US Dollar futures are approaching new highs.

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S&P 500 Futures_

Monthly – Starting the month of July off the 2008-2020 trendline support. Trade pressures are down. Volumes closed the month of June  as bearish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – In the move down from the 4507 short entry. Trade pressures are down. Volumes are neutral. The next target down is 3581. A close above 4313 would confirm any Daily move higher.

Daily – Flat. In consolidation after the touch and rebound off the lower channel line. Trade pressures are down. Volumes are now neutral for the July 4th weekend. The next target down is 3373. The hourly chart has signaled long at 3819 with resistance at 3896 and support at 3750.

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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 was down again and the value moved down to approximately $68,000. The Year-to-Date portfolio performance is now down 32%.

(The Navellier Top 5 Portfolio is all energy. I might not do that, Perhaps add some Gold and the US Dollar ETF to offset the risk. But When this market turns, it is going to chase fundamentals and cashflow and the TOP 5 is that.)

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU22

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

Daily – In the move up from the 6/28 breakout from the prior retracement down. Trade pressures are up. Volumes are bullish.

The next target up is 106.10.

A close below 104.36 would signal lower.

 

US 30YR T-BOND_ USU22

Weekly – In the Jan 2022 downtrend. Trade pressures are rising into the neutral zone. Volumes are bullish.

Daily – Long. Stopped out of the prior long. re-entered on 6/29 on the breakout of the bull flag at 135-23. Trade pressures are up. Volumes are bearish.

The next target up is 145-11.

A close below 137-20 would signal lower. Use this as the SL.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the January 2022 uptrend. Trade pressures are down into the neutral zone. Volumes are bearish.

Daily – Short. In the Short from the 106.79 entry. Trade pressures are down. Volumes are bearish.

The next target down is 99.76.

A close above 106.23 would signal higher. Use this as a stop loss.

[7-4-22: stopped out for small gain.]

 

NAT GAS_ NGQ22

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

Daily – Flat. In the move down from the 8.97 level. Trade pressures are down. Volumes are now neutral.

The next target down is 4.66.

A close above 5.96 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGU22

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

Daily – Flat. At the 3.55 100% downside target. Trade pressures are down. Volumes are bearish.

The next target down is that 3.55 target. Expect consolidation and retracement here.

The next target up is the new long entry at 3.74.

 

GOLD_ GCQ22

Weekly – In the May 2022 uptrend and testing support. Trade pressures are down. Volumes are bearish.

Daily – Flat. Did get the short entry on 6/29 and traded down to 1783. Trade pressures are down. Volumes are bullish.

The next target down is 1742.

The spike down was followed by a V retracement up. A close above 1815 would signal higher to the 1840 resistance area.

SL at 19.79.

 

SILVER_  SIU22

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

Daily _ Short. In the move down from 20.92. Trade pressures are down. Volumes are bearish.

The next target down is 19.09. Take profits at 19.09. SL 20.29.

A close above 20.25 would signal higher.

[7-5-22: Profit stop out at 19.09]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the crash mode. Gold and silver are now looking lower as all commodities sell off.

Crude oil is bouncing off the lower channel boundary. Nat Gas is very near the lower end of its range also.

The ten year yield is up against highs, so the US 30 year Treasury is in rally mode.

The US Dollar futures are consolidating after the 105.58 highs.

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S&P 500 Futures_

Monthly – The move down tested the old upper channel trendline from the 2008-2020 highs. Trade pressures are down. Volumes closed the month of May as bullish. The next target down is 3008. A close above 4275 would confirm any weekly move higher.

Weekly – The 3589 low has held. Trade pressures are down. Volumes are bullish. The next target down is a retest of the lows at 3589. A close above 4315 would confirm any Daily move higher.

Daily – Long in the  move up from the 3765 long entry on June 23rd. Trade pressures are down but rising. Volumes are bullish. The next target up is 3969. A close below 3849 would signal lower. use that as the SL.

[6-27-22: Sell the long at the 3920 level. Short the move down at the 3869 level.]

____________________

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 was down again and the value moved down to approximately $69,000. The Year-to-Date portfolio performance is now down 31%.

PetroBras (PBR) will be replaced by Continental Resources (CRL) on Monday morning at the open.

 

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

 

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXU22

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

Daily – Still in a pull back for the 105.56 high. Trade pressures are down. Volumes are now bearish.

The next target up is 105.75.

A close below 103.81 would signal lower.

 

 

US 30YR T-BOND_ USU22

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

Daily – Long. In the new move up from the 134-19. Trade pressures are rising into the neutral zone. Volumes are still bearish.

The next target up is 139-28.

A close below 135-20 would signal lower. Use this as the SL.

[6-27-22: Stopped out at the 135-20 SL.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

Weekly – In the Jan 2022 uptrend. Trade pressures are now down into the neutral zone. Volumes are bearish.

Daily – Long. Out of the new short trade from the 111.88 entry.  Met the 102.76 target and took profits there. Trade pressures are down. Volumes are bearish.

Now new Long at the 106.31. Set the SL at 103.90.
[6/27/22: Cancel new long. look for short at the upper median line around the 114 level.]

A close below 98.01 would signal lower.

 

NAT GAS_ NGQ22

Weekly – In the June 2021 uptrend, but retracing hard. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 8.92 entry price on June 14th. Trade pressures are are down. Volumes are bearish.

Took profits at the 6.58 level. The next target down is 5.76.

A close above 7.53 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

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

Daily – Flat. In the move down from the 4.356 short entry June 9th. Trade pressures are down. Volumes are bearish.

The next target down is 3.55.

A close above 3.83 would signal higher.

 

GOLD_ GCQ22

Weekly – Continues the test of the May 2021 uptrend. Trade pressures are rising into the neutral zone. Volumes are bearish.

Daily – Short. The break of the 1816 level has set up a short entry. Trade pressures are up. Volumes are now neutral.

The next short entry is still the 1816 level level, but to be conservative in this volatile market, but now the weekly Trade pressures are rising, so the daily trade is not confirmed.

Wait for the next bearish reversal of the daily Trade pressures.

A close above1836 would signal a new move higher.

 

SILVER_ SIN22

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

Daily – Flat. Testing the short entry at 20.92. Trade pressures are down. Volumes are bullish.

The  weekly confirms the downward pressures. Short any move below the 20.92 level.

A close above 21.40 would signal higher. Use as SL.