$TRIP has a seasonality of 90% bearish probability, Entered a day trade with options. Goal is to get the preserve mode i.e. pivot low. Once at preserve mode, take 50% positions off and then move it to higher time frame to ride it to earnings (if possible with stop)
.... doubt it will happen this year. last year we had three severe frost scare days/weekend. IMHO this market is where it is merely because of cautious buyers ahead of the season. I see rangebound through July and if no frost happens more downward potential. Technically speaking, the bull market appears to be over.
e see lately the rally of the natura gass trying to change it's trend upwards. Some traders might disagree and they think that natural gass already change it's momentum. Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious.. There is a possibility to witness a bearish flag pattern and nothing more...
- In the latest prospective planting document, it was reported that acreage allocated for soybeans will increase by 7% this upcoming season. This means that soybean is fundamentally bullish. Analysis from previous reports show that there is an 80% correlation between an increase in acreage and an increase in prices 10-days post the release of the report....
Its the end of the gas season and believe we will go down to seasonal lows. I actually put this short in last wed. at a higher price. GL
Depending on how the retrace turn out. 1. April is traditionally weakest for USD but this should not be a given. 2. Nikkei dividend season, will be repatriating yen. 3. DXY below resistance level 100.60
Oil continues to set up a bottom after 3 tests of $47. We have seen a very narrow trading range since the panicked exodus by the overextended bulls. After 5 months of coercion and collusion by Opec members I wonder if investors have grown tired of their typically optimistic statements?.. Much Squabbling exists on how the cuts should be measured, Exports or...
Bearish seasonality and COT showing big commercial selling. Price crossing below SMA20 is a confirmation of weakness.
Momentum / price bullish divergence on support area. 5y seasonal window suggesting a rise too. Good risk/reward entry as the stop can be tight.
Since 2002 rice has had 10 major demand levels. Nearly every single demand level occurred between March through May (planting season) with the exception of one in July 2010. Every time rice prices found a bottom between March through May, prices increased shortly after, often substantially. Below is a chart showing the daily triangle breaking out. This is an...
NATGAS after it's rally reached it's 1)200EMA,20)it's mid-term channel boundaries and 3)61,8 FIB level has bounced back to 3,030 level. Weather forecasts can't give more fuel to this rally due to the time of the season. Big contracts have already signed this period that could help the price of NATGAS brea 3.100-3.200 levels. Top is near that's why i am going...
US Oil has political support and we're headed into a season of greater consumption. This combined with the recently completed H&S leading into an ascending triangle indicates that there is a strong move coming. Enter at 55.10 as price breaks up from the triangle. SL set very tight (because I'm a noob to trading oil)
NATGAS looking good for one more short term long position before end of cold season.
Resistance, weaknening of momentum, bearish seasonality
Loss of upside momentum and bearish seasonal window.
While OANDA:NATGASUSD has been bleeding since the 3rd of January, I believe that the reversal is in sight. Quite a few people have been calling the bottom over the last two weeks, and yesterdays doji might well be, but when comparing current price movement to that of the last couple weeks, I'm not quite convinced that we've found the bottom yet...