Author: ChasW

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

Weekly – In the weekly move up. Trade pressures are up. Volumes are bullish.

Daily – Flat. In the move up from the 70.00 breakout on 9-15. Trade pressures are up. and trending. Volumes are bullish.

The next target up is 84.77. A close below 81.36 would signal lower.

 

NAT GAS_ NGZ21

Weekly – In the retracement of the October 5th spike high. Trade pressures are down into the neutral zone. Volumes are neutral.

Daily – Flat. In the retracement down from the highs. Trade pressures are now up. Volumes remain neutral.

The next target up is 5.65. looking for a back-test of the 25×5 MA at 5.10 to re-enter the long.

A close below 4.82 would signal lower and is the long stop.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – Retracing the last week’s rally. Trade pressures are up. Volumes are bearish.

Daily – Long. Up from the breakout at 4.27 on 10/11. Trade pressures are now down. Volumes are bearish.

The next target up is the prior high at 4.82. Need a break above the 25×5 at 4.65 to confirm.

A close below the 25×5 at 4.34 would signal lower.

 

GOLD_ GCZ21

Weekly – In the move down from the 10-12 high. Trade pressures are up. Volumes are bullish.

Daily – Flat. The weekly moves up all have been retraced. Trade pressures are up. Volumes are bearish.

The next target down is 1765 ay the 25×5 MA. Use that as the stop.

A close above 1800 would signal higher.

 

SILVER_ SIZ21

Weekly – In the side ways move for more than one year. Trade pressures are now up. Volumes are bullish.

Daily – Long. In the move from the 23.38 on 10-18. Trade pressures are up. Volumes are bearish.

The next target up is 24.57.

A close below 24.00 would signal lower.

Use 22.90 as the stop.

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is the China manufacturing signal; looking higher. Gold and silver are still in the downward sloping channel.

Crude oil still in the aggressive move up. Natural Gas is consolidating in a wide range.

The US 30 year Treasury is now in a new short trade.

The US Dollar futures are now at resistance.

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S&P 500 Futures_

Monthly – Consolidating. Trade pressures are up. Volumes closed the month of September as bearish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – In the move up from the November entry at 3524. Trade pressures are down. Volumes are now neutral. The next target up remains 4599. A close below 4237 would confirm any daily move lower.

Daily  – The pullback has touched the short entry at 4263, but no close. Trade pressures are up. volumes are bullish. The next target up is 4438. A close below 4236 would signal an new short entry.

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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 ended down again for the week  at approximately $129,000, up 29% 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. October earnings reports may provide some relief.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ21

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

Daily – The break above the March 2021 channel resistance signals higher. Trade pressures are down into the neutral zone. Volumes are bearish as the March 2020 resistance trendline acts as a barrier.

The next target up is the 94.52 prior high.

A close below 93.67 would signal lower.

 

US 30YR T-BOND_ USZ21

Weekly – In the July uptrend but testing support at 157-01. Trade pressures are down. Volumes are bearish.

Daily – Short. In the move down from the 10/7 short entry at 158-18. Trade pressures are down. Volumes are bearish.

The next target down is 151-18.

A close above 158-28 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

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

Daily – Flat. At the 78.56 upside target. Trade pressures are up. Volumes are bullish.

The next target up is 82.68.

A closebelow 76.93 would signal lower.

 

NAT GAS_ NGZ21

Weekly – Trading between 5.40 and 6.40 as the sharp move up is consolidated. Trade pressures are up. Volumes are now neutral.

Daily – Flat. In consolidation. Trade pressures are down. Volumes are bearish.

The next target down is 5.11.

A close above 6.16 would signal higher.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend. Trade pressures are down. Volumes are neutral.

Daily – Flat. In the down trend. Trade pressures are up. Volumes are bullish.

Need a close above the 25×5 at 4.27 to signal higher – very close.

The next target down is a break down below the 200 day MA at 4.18.

 

GOLD_ GCZ21

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

Daily – Flat. The long trade was stopped out for a loss. Trade pressures are up. Volumes are bearish.

The next long entry will be signaled by a close above the 25×5 MA at 1771.

A close below 1763 would signal lower.

 

SILVER_ SIZ21

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

Daily – Flat. In the move down and now conbsolidating at the 22.31 downside target. Trade pressues are up. volumes are bearish.

Need a close above the 25×5 MA at 23.01 to get long.

A close blow 22.33 would signal lower.

 

S&P 500 Futures

#emini #spfutures #SP500 #ES

Market Pressures:

Copper is reacting the China slowdown. Gold is in anew move up. Silver is consolidating.

Crude Oil is steadily higher, but is also near a retracement trigger. Natural gas is too spikey to trade now.

The US 30 year treasury is in a move down but at the 200 day MA. Expect consolidation and some retracement.

The US Dollar Futures have broken out of the bull flag but have found resistance at the long term downtrend resistance.

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S&P 500 Futures_

Monthly – First down bar in many months. Trade pressures are up, but rolling over. Volumes closed the month of September as bearish. The next target up is 5027. A close below 3984 would confirm any weekly move lower.

Weekly – Still in the move up from the November 2020 move up from the 3524 long entry. Trade pressures are up but trending done for three weeks. Volumes are now bearish. The next target up is 4599. A close below 4237 would confirm any Daily mover lower.

Daily – Flat. After a retest of the underside of the bullish trend line and the 25×5 MA, the second leg down took price to 4260. Trade pressures are down. Volumes are now bullish. The next target down is 4161. A close above 4381 would signal a resumption of the move up.

____________________

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 ended down hard for the week  at approximately $130,000, up 30% 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, now the rise once again above 50% in early September. The summer gains have been given back in late September.

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

US$$

#usdollarfutures #ustreasurybondfutures

USD_ DXZ21

Weekly – Ran up to test a new long entry but failed. Trade pressures are up. Volumes are bullish.\

Daily  – In the June 2021 move up. Trade pressures are up but rolling over. Volumes are now neutral.

The next target up is 94.81.

A close below 93.92 would signal lower.

 

US 30YR T-BOND_ USZ21

Weekly  – Still in the July 2021 uptrend. Trade pressures are down. Volumes are now bullish.

Daily – Flat. The 9-23 move down is now in consolidation. Trade pressures are are down but rising. Volumes are bearish.

The next target down is 156.00.

A close above 160-23 would signal higher.

Oil & Gas

#crudeoilfutures #naturalgasfutures

CRUDE_ CLZ21

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

Daily – Flat. In the move up from the 71.00 new long entry. Trade pressures are up but declining. Volumes are bullish.

The next target up is the prior high at 78.26. [Correction: 76.26]

A close below 73.57 would signal lower.

 

NAT GAS_ NGZ21

Weekly – Big sell volumes at the spike high. Trade pressures are up. Volumes are now bearish.

Daily – Flat. In a retracement down off the 6.46. spike high. Trade pressures are up but pointing down. Volumes are bearish.

The next target down is prior upside target at 5.49.

The next target up is the 6.43 prior high.

Metals

#copperfutures #goldfutures #silverfutures

COPPER_ HGZ21

Weekly – In the June 2020 uptrend and testing support. Trade pressures are down. Volumes are bullish.

Daily – Flat. In the retracement move down. Trade pressures are down, but rising. Volumes are now neutral.

Moving up off the 4.03 support line. The next target down is that 4.03.

A close above 4.19, the 25×5 MA would signal higher.

 

GOLD_ GCZ21

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

Daily – Long. In a retracement trade up from 1760 within the daily move down. Trade pressures are up. Volumes are bullish.

The next target up is 1786.

A close below 1735 would signal lower and also be the stop.

[10-04-21: long at 1758.] [Set stop at 1755.]

[10-05-21: Stopped out. Look to reenter 1740 or below.]

 

SILVER_ SIZ21

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

Daily – Flat. In the May move down. Trade pressures are up. Volumes are bullish.

In consolidation around the 22.05 support line. The next target up is the new long entry at 22.68.

A close below 21.41 would signal lower and be a stop for any long entry.