Expert Technical Analysis for Global Markets, Specialising in Energy
in Dutch TTF Nat Gas, European Gas/Carbon/Power, Oil/Gas/Energy Trading
This is what we sent out to clients this morning pre-open. The market opened at 45.00 and has since recovered to 45.95 where sellers returned shy of that 46.53 level.
Candlestick Chart & Technical Analysis
•Short term Trend: Bearish
•Medium term Trend: Neutral
in EUA Carbon Emissions, European Gas/Carbon/Power, Oil/Gas/Energy Trading, Technical Analysis, Trading
Following on from last week’s EUA Carbon Blog post, we saw weakness on Friday down to 71.25.
What did we say to clients in this morning’s report on the back of this? Here we go:
Candlestick Chart & Technical Analysis
•Short term Trend: Bearish
in Commentary, Dutch TTF Nat Gas, European Gas/Carbon/Power, Oil/Gas/Energy Trading, Technical Analysis, Trading
Candlestick Chart & Technical Analysis
•Short term Trend: Neutral – Bearish
•Medium term Trend: Bullish
•Yesterday’s candle: May is now front month. The last three sessions have been tight range affairs (relatively!) with gap support at 53.495 doing a job as support but 56.94 and 58.56 capping upside. Chance we …
Yesterday’s FTSE Futures price action resulted in a powerful “Gravestone Doji” reversal pattern being posted on the Daily Chart.
If you’ve read “Candlestick Charts” by yours truly you’ll know this is a pattern with a Bearish implications matching it’s rather morbid sounding name. (If you haven’t read it you should click here and buy yourself a copy!).
A Gravestone Doji is a …
All week now we’ve been suggesting that Marabuzo support at 1720.6 would be a good place for a buy order. Yesterday this was proved in some style. Just prior to the FOMC announcement we got a 1720 print. Then we got the nod on “QE3” from the Fed, and Gold ramped, getting up to 1775 by the end of the session. What now …
One of the things we at FuturesTechs towers take very seriously is Marabuzo lines.
What are they? A large bodied candlestick on a Daily chart is the result of a big one way push over the course of a day. In the example of large red real bodies the market often wakes up the next day sure in the …