GoldFix

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GoldFix
Morning Markets | Natural Gas (NG and stock) Chart Package

Morning Markets | Natural Gas (NG and stock) Chart Package

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VBL
May 03, 2022
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GoldFix
GoldFix
Morning Markets | Natural Gas (NG and stock) Chart Package
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Market Rundown:

Good Morning. The dollar is down 14. Bonds are slightly stronger. Stocks are softer by about 30 bps. Gold was down $8 but has crawled back above $1861. Silver is up 14 cents form Comex settlement. Crude oil is down $1.25. Natural Gas remains bid up over 40 cents. Grains are mixed and Crypto is softer in sympathy with stocks.

Today’s pdf is a 22 page chart package by beloved LT. It was put out April 18th but other than letting Founder Subscribers know he was bullish, we had to hold back out of respect. That said, he is not a 1 week trade idea type ofguy. More like a 4 year type. So the analysis remains very very valid with lots of energy stocks assessed as well. You didn’t miss a thing if he is right

Cheers

Post Excerpt:

Last week, NATGAS broke out of a 13-year base. The breakout is not surprising. Note the long-term support in the $1.50 - $1.70 area, the long-term buy signal in the second quarter of 2020, the one-quarter bottom reversal in the third quarter of 2020, and the “fanning” downtrend lines.

Also, in the third quarter of 2021, it broke out of a large “down-sloping wedge” pattern which called for a move t $17.00 - $19.00 or higher

More at bottom…

Podcast

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VBL @VlanciPictures
10:29- Mkt rundown 13:37- OI and the floor in gold extemporaneous explanation 17:00- Shorts as rocket fuel- U WANT TO SEE THIS HAPPEN 19:40 - #Bitcoin technical nonsense https://t.co/YbhIyziElk
11:20 AM ∙ May 3, 2022

Zen Moment

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VBL @VlanciPictures
Good Morning: Shorts on a hi wire @neelkashkari
10:15 AM ∙ May 3, 2022
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