July Natural Gas: I'm posting this chart but, frankly, I have no idea what to do with it at this point in time. I am not good at playing with rising channels like this. What has gotten my attention is the multi-day (5 day) horizontal formation at the top of the current channel. A breakout from that could lead to a breakout of the channel as well. The breakout could be up or down - we are up in the area where the prior consolidation was before the final down leg (i.e.: resistance). So I'm thinking a break back to the downside has a slight edge over a break to the upside....
Coffee - hourly consolidation: And the 15 min today which could eventually be the trigger for a move out of the hourly:
yes. definitely. and once you understand that, more like 70% - 80% "work" according to tradeable preplanned expectations
That wheat breakout failed completely. Coffee broke down and stayed down. And Natural gas finally made a good move out of it's rising channel last week. New Chart: Silver - despite last Friday's rally in gold, silver still stayed in its triangle. Looking forward to when this sucker finally makes its move...