in commentary, technical analysis

Natural Gas Technical Analysis for 15th August

Our Natural Gas commentary from this morning highlighted a developing pattern that suggests yesterday’s gains presented a selling opportunity. Here’s a snippet from our report:
I’ve added a line to today’s chart which is slightly tentative but may be confirmed by price action today if we keep 2.837-2.857 in the resistance column.
The line is a Neckline, classing recent price …

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in technical analysis

S&P 500 Technical Analysis – Still holding firm

We’ve been asking 1131.50 to do a job as support and in the main it’s obliged.
The couple of times we haven’t held this level, yesterday being one, we’ve got down to 1127 before bouncing neatly.
We get the hint. We’ll be bulls above 1127, moving our green SkewBar area down to here.
But the market has been going sideways …

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