Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22 (June 2022)

Weekly – In the January 2021 uptrend. Trade pressures are down but rising. Volumes are now neutral.

Daily – Long. In the  move up from the 66.15 long entry. Trade pressures are up but rolling over. Volumes are bullish.

At the 70.83  upside target. The next target up is 73.04.

The first leg is retracing. Set any stop loss to the 66.15 entry price.

 

NAT GAS_ NGH22

Weekly – In the April 2020 uptrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 4,64 short entry. Trade pressures are rising into the neutral zone.

Forming a small bear flag. The next target down is 3.33.

A close above 4.35 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

Weekly – Remains in the June 2020 uptrend. Trade pressures are down  but rising. Volumes are bearish.

Daily – Flat. The 4.40 new long entry was touched then a pullback from there. Trade pressures are down. Volumes are bullish.

A bullish reversal in the trade pressures could move up thru 4.40 and start the new move up. The next target up is 4.62.

A close below 4.20 would signal lower.

 

GOLD_ GCM22

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

Daily – Flat. After a brief foray above the downward channel, now back into the channel. Trade pressures are up but stalling.

The next target up is the new long entry at 1795 and the 200 day MA.

A close below 1766 signals lower to the 1694 target.

 

SILVER_ SIH22

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

Daily – Flat. At the 21.74 downside target. Trade pressures are down but rising. Volumes are bearish.

The next target down is 20.84.

A close above 22.78 would signal higher.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper has triggered a new long, but weekly does not confirm. Gold and silver have met downside targets so maybe a small corrective move up.

Crude oil is trying to strait anew move up. Natural gas is in free fall.

The US 30 YR Treasury is in a move up after breaking pout of a channel. Beware of a reverse in the funds flow if the equity markets rebound.

The US Dollar futures are decidedly up; again, a safe haven trade.

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S&P 500 Futures_

Monthly – Now in consolidation. Trade pressures are up but rolling over. Volumes closed the month of November as bullish. The next target up is 5010. A close below the October lows of 4260 would confirm any weekly move lower.

Weekly – In the move up from the 3499 long entry in mid November. Trade pressures are up but declining. Volumes are again bearish. The next target up is the prior upside target of 4590. The next target down is the new short entry at 4437 which would confirm any daily move lower.

Daily – In the move down from the 4657 short entry. Trade pressures are down. Volumes are now neutral. 62% Profit target of 4523 has been met three days in a row. The next target down is 4388. VIX is at very overbot levels. A close above 4605 would signal higher.

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Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks dropped more than the overall market to approximately $135,000, up 35% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH22

Weekly – Remains in the 3/2021 uptrend. Trade pressures are up. Volumes are bullish.

Daily – In the June 2021 move up from 91.73. Trade pressures are up into the neutral zone. Volumes are neutral.

The next target up is 98.93.

A close below 95.31 would signal lower.

 

US 30YR T-BOND_ USH22

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

Daily – Long, in the new move up after the breakout fo the upper channel boundary at 162-12. Trade pressures are up and trending. Volumes are bullish.

165-04 is the next target up. As the equity market sells off the funds flow moves to safety. Would not chase this trade.

A close below 161-28 back into the channel would signal lower.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly –  Now in a new downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. Took the profit at the 62.99 downside target. Trade pressures are down but rising. Volumes remain bearish.

The next target up is a new long entry at 68.54. The weekly is still down so this is a corrective move only. Take the next profit target at 74.66. move stop to BE asap.

A close below 64.04 is the SL and signals lower.

 

NAT GAS_ NGH22

Weekly – Still in the long uptrend from April of 2020, but nearing support at 3.49. Trade pressures are down. Volumes are bearish.

Daily – Flat. After the 11/24 breakout to the upside the trade failed and fell to the 200 day MA at 3.90. Trade pressures are down. Volumes are bearish.

The next target  down is 3.33.

A close above 4.69 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Weekly – Remains in the June 2020 uptrend. Trade pressures are still down. Volumes are bearish.

Daily – Flat. Still in the trend down. Trade pressures are down but rising. Volumes are bearish.

Need a close above 4.40 to restart a move up.

A close below4.20 would signal lower.

 

GOLD_ GCM22

Weekly – The June ’22 contract is in the June 2021 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1864 short entry. Trade pressures are down but rising. Volumes are now neutral.

The next target down is 1701.13.

A close above 1795.65 would signal higher.

 

SILVER_ SIH22

Weekly – Remains in the August 2021 Downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move lower from the 23.63 short entry. Trade pressures are down hard. Volumes are bearish.

The next target down is 21.74.

A close above 22.64. would signal a retracement up.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is n ear the 4.20 support. Gold and silver both dropped back into the bull flag.

Crude oil is short. Nat gas is long.

The US 30 year Treasury is in a new move up. But look for the next short entry.

The US Dollar futures have dropped back into the rising channel.

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S&P 500 Futures_

Monthly – Still in the move up, but a retracement seems to have begun. Trade pressures are up but rolling over. Volumes close the month of October as bullish. The next target up is 5018. A close below 4184 would confirm any weekly move lower.

Weekly – In the move u from the November 2020 long entry at 3493. Trade pressures are up but showing divergence. Volumes remain bullish. The next target up is 5481. A close below 4454 would confirm nay daily move lower.

Daily – In the move down from the 4657 short entry. Trade pressures are down. Volumes are now bearish. The next target down is 4564, then 4523.  The 60 minute has a downside target of 4568. This area of targets might be short term support.  A close above 4643 would signal higher.

____________________

Navellier Top 5 Stocks – This Top 5 model portfolio begins the year at $100,000. Only the Top 5 Growth stocks will be tracked this 2021 year. This portfolio has been marked to the market and restarted at $100,000 for the 2021 year.

The portfolio stocks dropped more than the overall market to approximately $139,000, up 39% for the 2021 YTD.  The portfolio had a brief touch of the $150,000 value in early March 2021, then a low of $100,000 a few weeks later, and rose once again above 50% in early September.

 

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXH22

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

Daily – In the retracement move down in this C19 sell-off. Trade pressures are up but declining to the neutral zone. volumes are very bearish.

The next target down is 95.81.

A close above 96.51 would signal higher.

 

US 30YR T-BOND_ USH22

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

Daily – Flat. After testing the 157-10 support, In the new move up from the 159-14 entry level. Trade pressures are up. Volumes are bullish.

The next target up is 163-08.

A close below 159-08 would signal lower. Looking for a new move down seems to be a better probability.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLM22

Weekly – June Crude is down hard and testing the weekly support at 65.19. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 75.59 short entry. Trade pressures are down . Volumes are bearish.

The next target down is 62.99. Take profit there.

A close above 66.75 would signal higher.

 

NAT GAS_  NGH22

Weekly –  March Nat Gas is in the long uptrend from April 2020. Trade pressures are down. Volumes are bearish.

Daily – Long. In the new move up from the 5.007 long entry. Trade pressures are up. Volumes are bullish.

Long at the open of the Sunday session, @4.818.

The next target up is 5.63. Take that profit as the weekly pressures is still down.

A close below 4.45 would signal lower and is also the SL.

[11-30-21: Loss at 4.45. Do Not trade against the weekly trade pressures.]

 

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGH22

Weekly – Remains in the June 2020 uptrend. Trade pressures are still down. Volumes are bearish.

Daily – Flat. In the  move down with the C19 reemergence sell off. Trade pressures are down. Volumes are bearish.

The next long re-entry is 4.39.

A close below 4.19 would signal lower.

 

GOLD_ GCM22

Weekly – Remains in the June 2021 downtrend. Trade pressures are down. Volumes are bearish.

Daily – Flat. In the move down from the 1854 short entry. Trade pressures are down but rising. Volumes are bearish.

The next target down is 1770.60.

A close above 1813 would signal higher.

 

SILVER_ SIH22

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

Daily – Flat. In the new move down from the 23.63 short entry. Trade pressures are down hard. Volumes are bearish.

The next target down is a test of the old support at 22.28.

A close above 23.54 would signal higher.