Tag: natural gasSort
Nat gas (UNG) has recently caught my attention. While it was in a significant downtrend for the better part of a year it has recently been consolidating right under the $20 level. A look at the daily chart shows a long move down and then recently a sideways consolidation pattern. While this is typically a continuation pattern I am beginning to believe think that the next move may be up rather than an extension of the previous down trend.
Crude Oil Bulls Take Brutal Beating on Jobs Report....Next stop $81.36!
King Dollar Dominates, Crude Oil and Gold Continues the Free Fall
E-Minis Unfair Advantage....Have You Watch This Yet?
So many people are CRUSHING the markets right now and making lots of money! At the same time, far more traders are gripped with fear and struggling just to break even….The difference? Confidence and consistency.
As you know, you build both when you understand the best times of the day to trade and how to avoid the common mistakes and “hidden” pitfalls that prevent consistent profits.
Crude Oil and Gold Continue Strong Down Trend, Natural Gas Enjoys the Stronger Dollar
Crude oil closed down $1.70 a barrel at $93.08 today. Prices closed near the session low today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage and gained still more power today. A stronger U.S. dollar index today was bearish for the crude market. With a Trade......
Chip Hodge of Manulife Asset Management said it best “Prices should be lower because there’s no shortage of oil and we’re looking at rather anemic economic growth, we’re getting robust builds in supply.” That combined with worsen job numbers put commodity bulls at a disadvantage in Wednesdays session.
Crude oil closed lower due to profit taking on Wednesday as it.......
Crude Oil Up on Weaker Dollar, Seaway Pipeline News
Sale of Provident Energy to Pembina Pipeline is Complete
Long time COT [Crude Oil Trader] fund favorite Provident [ticker PVX] has made way for the recent sale to Pembina Pipeline, ticker PBA. Pembina announced on January 16, 2012 that it has entered into an agreement with Provident Energy for Pembina to acquire all of the issued and outstanding common shares of Provident by way of a plan of.......
Crude Oil, Natural Gas and Gold market Commentary For Tuesday March 13th
Crude oil [April contract] posted an inside day with a higher close on Tuesday as it extends the trading range of the past two weeks. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bearish hinting that a short term top might......