Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLU22

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

Daily – Flat. In the move up from the 97.65 long entry on 3-22-22. Trade pressures are up into the neutral zone. Volumes are bullish.

The next target up is 109.95.

A close below 102.45 would signal lower.

 

NAT GAS_ NGN22

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

Daily – In the new move up from the 7.73 entry on 5-13-22. Trade pressures are down. Volumes are bullish.

The next target up is 8.99.

A close below 7.82 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

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

Daily – Long. In the new move up from 4.26. Trade pressures are up. Volumes are bullish.

The next target up is 4.49. Take profits early as the weekly is down.

A close back below 4.22 would signal lower and is the SL.

[5-23-22: Raise the SL to the 4.26 breakeven.]
[5-24-22: Stopped out at breakeven.]

 

GOLD_ GCM22

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

Daily – Flat. In the move down, but has broken out of the down channel. Trade pressures are up. Volumes are bullish.

The next target down is a retest of the 1812 downside target. But buy at a back test of the channel line and the lower median line below 1812.

A close above 1865 would confirm the move up off the 1785 low.

 

SILVER_ SIN22

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

Daily – long. In the new move up from the 21.93 long entry on 5-19-22. Trade pressures are up. Volumes are bullish.

The next target up is 23.44.

A close below the 20.42 weekly low would signal lower.

set SL at 21.25.

[5-26-22: Raise stop to breakeven.]

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is testing last summer’s lows. Gold and silver have broken support, but seem oversold.

Crude oil is forming a bearish flag. Natural gas broke back into the upward sloping channel.

The US 30 year Treasury is a new long.

The US Dollar futures are at resistance.

____________________

S&P 500 futures_

Monthly – within 100 pts of a 38% retracement of the move from the March 2020 lows to the November 2021 highs. Trade pressures are down into the neutral zone.  Volumes closed as bearish for the month of April. The next target down is 3695. A close above 4509 would confirm any weekly move higher.

Weekly – In the move down from the 4496 short entry on Jan 22nd. Trade pressures are down. Volumes are now bullish. The next target down is 3587. A close above 4238 would confirm any daily move higher.

Daily –  Long. In the move up from the 3983 long entry on May 13th. Trade pressures are down. Volumes are neutral. The next target up is 4124. A close below 3938 would signal lower. Use 3938 as a SL.

[5-16-22: Raise the stop to 3978 support level.]
[5-17-22: Raise stop to 4017. Take profits at 4123]

[5-18-22: stopped out at 4017]

____________________

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 up and the value was approximately $83,000. The Year-to-Date portfolio performance is now down 17%.

 

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

 

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM22

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

Daily – In the move up to resistance. Trade pressures are up. Volumes are bullish.

The next target up is  106.66.

A close blow 104.09 would signal lower.

 

US 30YR T-BOND_ USM22

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

Daily – Long In the new move up from the 138-28 long entry on May 11th. Trade pressures are up but turning down. Volumes are neutral.

The next target up is 142-28.

A close below the 134-30 low would signal lower. Use this low as the SL.

[5-16-22: Raise the stop to 138-25.]
[5-17-22: Stopped out.]

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In Jan 2022 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the sideways channel. Trade pressures are up. Volumes are bullish.

The next target up is the prior high of 116.07.

The nbext target down is 92.87.

 

NAT GAS_ NGM22

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

Daily – Flat. In the move down from the 8.221 short entry on May 6th. Trade pressures are up. Volumes are bearish.

The next target down is 5.87.

A close above 7.73 confirms the retracement move up.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – In a new downtrend from Mat 2022. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.72 short entry on April 19th. Trade pressure are dwomn but rising. Volumes are bearish.

The next target down is 3.95.

A close above 4.26 would signal higher..

 

GOLD_ GCM22

Weekly – In the May 2021 weekly uptrend and at support. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1958 short entry on 4/20. Trade pressures are down. Voumes are bearish.

The next target  down is 1781.

A close above 1825 would signal a new move up.

 

SILVER_ SIN22

Weekly – As with gold, silver in a new downtrend as May 2022. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 25.72 short entry on April 19. Trade pressures are down. Volumes are bearish.

The next target down is 19.07.

Need a close above the 21.50 former support line to start a new move up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is down to target. Gold and silver are both near support.

Crude oil has begun a sharp retracement lower.  Natural gas is the same.

The US 30 year Treasury is now signaling a new move up.

The US Dollar futures are the safe haven trade and are consolidating just below the 104-105 resistance.

___________________

S&P 500 Futures_

Monthly – In the bearish move down. Trade pressures are down into the neutral zone. Volumes closed the Month of April as bearish. The next target down is 3695. A close above 4629 will confirm any weekly move higher.

Weekly – In the second leg down. Trade pressures are down. Volumes are bearish. The next target down is 3587. A close above 4376 would confirm any daily move higher.

Daily – Flat. At the lower channel support. Trade pressures are down, but showing divergence. Volumes are bearish. The next target down is 3921. A close above 4031 would signal higher.

____________________

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 and as of Monday the 9th was approximately $76,000. The Year-to-Date portfolio performance is now down 24%.

 

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

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – IN the June 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4.74 level. Trade pressures are down but rising. Volumes are bearish.

The next target down is 3.96.

A close above 4.43 would signal higher.

 

GOLD_ GCM22

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

Daily – Flat. Still in the move down from the 1958 short entry of 4/19. Trade pressures are just now up. Volumes are bearish.

The next target down is, first, the prior low at 1849, then the 1812, the 100% target.

A close above 1892 would signal higher.

 

SILVER_ SIN22

Weekly – In the March 2022 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 25.72 short entry on 4/19. Trade pressures are dwon. Volumes are bearish.

The next target down is 21.50 support level.

A close above 22.22 would signal higher, especially if the 21.50 support holds.

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM22

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

Daily – In the January 2022 move up from 96.38. Trade pressures are down into the neutral zone. Volumes are bullish.

The next target up is 104.90.

Divergence is showing lower prices ahead. A close below 102 would confirm any move lower.

 

US 30YR T-BOND_ USM22

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

Daily – Flat. In the move down from the march 8th short entry at 157-06. Trade pressures are down but rising. Volumes are bullish.

The next target down is 134-00.

A close above 138-22 would signal a new move up.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the February 2022 uptrend. Trade pressures are in the neutral zone. Volumes are bullish.

Daily – Flat. Retracing the move down, but still inside the down move. Trade pressures are up. Volumes are bullish.

The next target down is 97.30.

A close above 111.37 would confirm this move up. The next target up is the 118.07 prior high.

 

NAT GAS_ HGM22

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

Daily – Flat. In the December 2021 move up, but at resistance. Trade pressures are up but turning down.

The next target up is the prior high at 8.99.

The break below the uptrend support at 7.06 now projects down to 5.87.