Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – In the January 2022 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – Flat. The 94.84 long entry price sent price to the 161 target in five days; then back down in six days. Missed that one. Trade pressures are up. Volumes are neutral.

Now a close above 103.72 would restart the long trade.  [3/21/22: Long. SL now at the 103.72 entry.]

A close below 94.57 would signal lower.

[3-22-22: Sell 105.65, lower highs.]

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long. stopped the move down from the 5.06 short entry at 4.91. Trade pressures are up. Volumes are bullish.

The Thursday close above 4.91 has stopped the short trade and started a new long entry.

The next target up is 5.25.

A close below the 4.62 pivot would be the SL. [3-21-22: Set the SL at the long entry 4.91.]

[3-22-22: Sell @ 5.20, front month at the upper end of the risk range.]

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGN22

Weekly – Remains in the June 2020 uptrend. Trade pressures are up. Volumes are neutral.

Daily – Long in the new move up from the 4.68 trigger on 3/17. Trade pressures are up. Volumes are bulish.

The next target up is 4.92.

A close below 4.63 would signal lower; using that as the SL.

[3-24-22: Raise the stop to 4.75, the low of the morning.]

 

GOLD_ GCM22

Weekly – In the Feb 2022 uptrend. Trade pressures are up but declining. Volumes are bearish.

Daily – Flat. Near the end of the move down from 2050. Trade pressures are up into the neutral zone. Volumes are bearish.

The next target down is 1879.

A close above 1977 would signal a new move up.

 

SILVER_ SIK22

Weekly – In the March 2022 uptrend. Trade pressures are up but declining. Volumes are neutral.

Daily – In the move down from the 26.48 short entry. Trade pressures are now up. Volumes are bearish.

The next target down is 23.37.

The next target up is the new long entry at 25.97.

 

S&P 500 Futures_

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is in the sharp rally higher. Gold and Silver both are retesting the recent highs.

Crude oil is moving sharply higher with the Russian invasion of Ukraine. Natural gas is recovering from the early February sell off.

The US 30 Year Treasury is meeting resistance at the 200 day MA.

The US Dollar futures are reaching for the 89.13 target.

___________________

S&P 500 futures_

Monthly – Retracing the move up. Trade pressures are up but moving down. Volumes closed the month of February as neutral. The next target up is 5018. A close below the 4252 level would confirm the move down in the weekly.

Weekly – In the move down from the 4505 short entry. Trade pressures are down. Volumes are bearish. The next target down is 4059. A close above 4485 would confirm any daily move higher.

Daily – In the first leg up off the spike low of Feb 24th, the Russian invasion of Ukraine. Trade pressures are up but declining. Volumes are now neutral. The next target up is 4474. A close below 4305 would signal a retest of the lows.

____________________

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 week was down after the market chop to approximately $81,000. The Year-to-Date portfolio performance is now down 19%.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXM22

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

Daily – In the move up from the January 26th entry at 96.33. Trade pressures are up. Volumes are bullish.

The next target up is 99.13.

A close below 97.68 wuld signal lower.

 

US 30YR T-BOND_ USM22

Weekly – Rising in the January 2022 downtrend. Trade pressures are now up. Volumes are bullish.

Daily – Long. In the move up from the 154-12 long entry. Trade pressures are up. Volumes are bullish.

Now at the 200 day resistance. The next target up is 160-22.

A close below 157-20 would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

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

Daily – Long. In the new move up after getting stopped out of the short trade at 90.33. Trade pressures are up. Volumes are bullish.

Did not want to chase the move. The new long entry was 94.84. The next targets up are 103.97 and 108.05. Both have been reached.

Seems overbought here. A close below 102.75 would signal lower.

 

NAT GAS_ NGN22

Weekly – In the July 2020 uptrend. Trade pressures are just up. Volumes are bullish.

Daily – Long. In the move up from the Feb 16th entry at 4.32. Trade pressures are up. Volumes are bullish.

The next target up is 5.60.

A close below 4.79 would signal lower.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22/HGN22

Weekly – In the June 2020 uptrend. Trade pressures are up. Volumes are bullish.

Daily – Long in the move up from the Feb 8th long entry. Trade pressures are up. Volumes are low, need to roll the contract.

Sell HGH22 at the Monday open.

HGN22 now at 4.91 target.

A close below 4.83 would signal lower.

 

GOLD_ GCM22

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

Daily – Flat. In the move up from the March 1st new long entry at 1930.82. Trade pressures are up. Volumes are bullish.

The spike high and the short retracement was all in the single wide range bar on Feb 24th. since then the move up has resumed. The next target up is the prior high at 1979.

A close below 1943 would signal lower.

 

SILVER_ SIK22

Weekly – In the new uptrend from the first week in March. Trade pressures are up. Volumes are bullish.

Daily – Long, in the new move up from the Feb 28th break above 24.58. Trade pressures are up. Volumes are bullish.

The next target up is 27.97. Waiting for a back test to the 24.35 support level to go long.

A close below 24.96 would signal lower.

So, confusing, I know.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is still a long trade. Gold and Silver spiked with the Russian Invasion only to be hit with aggressive selling.

Crude Oil had a similar spike only to also retrace. Natural gas had a much lower spike and is now looking lower.

The US 30 year Treasury is in a new long trade. It is a counter trend trade so tight stops.

The US Dollar futures are the safe have trade and is looking higher also.

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S&P 500 Futures_

Monthly – Dropped hard to the 4101 level then rose sharply to the 4380 level. Trade pressures are up but declining. Volumes closed the month of January as bearish. The next target up is 5018. A close below 4252 would confirm any weekly move lower.

Weekly – In the move down from the 4505 short entry. Trade pressures are down. Volumes are bullish. The next target down is 4059. A close above 4485 would confirm any daily move higher.

Daily – In the move up from the 4189 new long entry which was created by the spike down to 4101. Trade pressures are down but rising. Volumes are bullish. The next target up is 4474. A close below 4294 would signal lower.

____________________

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 week was up after severe turbulence at approximately $84,000. The Year-to-Date portfolio performance is now down 16%.

Fortinet (FTNT) will be replaced by Endava (DAVA) at the open on Monday.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH22

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

Daily – In the new leg up, from the 96.33 entry price. Trade pressures are up but declining. Volumes are now neutral.

The next target up is 98.27.

The rush to a safe have spiked the dollar as well as other commodities. The spike has created a short signal as the spike recedes. This is inside the the long trade, so use the entry price of 96.33 as the long trade SL.

 

US 30YR T-BOND_ USH22

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

Daily – Long. In the move up from the 152-19 (last week’s 152-19 was a typo Not a typo was looking at the next contract) long entry Jan 18th. Trade pressures are down. Volumes are now neutral.

The economic compression started by the Russian Invasion seems likely to give pause to the  FED plans to hike rates. The next target up is 156-15.

A close below the prior low would signal lower once again. Use that 152-04 as the SL.

[3-1-22: Sell at156-27, contract rollover.]

 

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_CLM22

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

Daily – Short. Stopped out of the prior short at the open on 2/22 for a loss. Trade pressures are up down towards the neutral zone. Volumes are now neutral.

The 2/24 Russian invasion spike receded immediately, setting up a new short from 91.97. The next target down is 85.92.

A close above 90.33 would signal higher.

 

NAT GAS_ NGH22

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

Daily – Short. Interesting that the 2/24 Invasion spike was a lower high than the 2/2 spike. Trade pressures are down. Volumes are now neutral.

Short from the 4.73 trigger on 2/4. The next target down was met at the 3.95 level. The followed by a retracement to the spike high on 2/24. Now expect the 3.95 downside target to be retested.

A close above the spike at 4.71 would signal higher. use 4.70 as the SL.

 

 

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are in the neutral zone. Volumes are neutral.

Daily – Long  In the move up from the Jan 8th entry at 4.40. Trade pressures are down. Volumes are bearish.

The next target up is 4.64.

A close below 4.40 would signal lower. Use 4.40 as the SL.

 

GOLD_ GCM22

Weekly – The Ukraine attack by Russia spike gold to a 1976 high followed by an equally dramatic selloff. Trade pressures are up. Volumes are now bearish.

Daily – Flat. Stopped out at the low end of the range at 1879. Trade pressures are up but declining. Volumes are now neutral.

The next target down is 1847.

A close above 1911 would signal higher.

 

SILVER_ SIH22

Weekly – In the August 2021 downtrend. Trade pressures are up. Volumes are now bearish.

Daily – Short.  No position. Trade pressures are down into the neutral zone. Volumes are now neutral.

The next target down is 23.64.

Need a close back above 24.41 to get the long move going again.