panos.trafalis

panos.trafalis

Gold futures prices where in an uptrend for more than a year now and despite the margin requirments where led to liquidation on gold lately the prices kept rise again. We can see an RSI divergence pattern on the weekly chart of gold futures. Moreover by the end of week 13-19 of April there are singals of uptrend weakness. In addition the expectation of a rise in...

panos.trafalis

Due to OPEC's Meeting tomorrow and the potential production cuts from OPEC and Russia we might see a rise in crude oil prices in the next few days. The risk of further drop is still there since China isn't importing yet and coronavirus consequences affecting the market. Probably it will calm down in a few months, although tight stop-loss or at least small...

panos.trafalis

Saudi Arabia and other OPEC members are seeking to persuade Russia on Wednesday to joining them in large additional oil output cuts to prop up prices which have tumbled because of the coronavirus outbreak. This could be enough for now to give an upwards momentum to natural gas prices along with crude oil. Moreover there is a decrease in ng stocks according to...

panos.trafalis Updated 

From Monthly and weekly charts we can see a downtrend. There is a scenario that NG goes near 1.61 or even at the next resistance 1.47 at the expiration of current contract (March) ,but in low prices like those my preference would be long with re-buy and averaging down potitions at the supports bellow. Keep in mind that a lot of sell potitions will have to cover at...