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
