Energy Commodities Worth Watching
This week, Hao Sun walks us through his analysis on three energy markets including Natural Gas, Heating Oil and Gasoline. All of these markets are showing signs of weakening further so Hao takes us through some potential short entries that may setup in the near term.
Natural Gas has been stuck in a trading range since the beginning of 2015, however the downward momentum has been increasing since September. Shown in the chart below is the Natural Gas daily chart, as you can see we are now in a confirmed downtrend with fanning moving averages and price is back in the sell zone between the 10 and 20 period moving averages. Hao’s waiting for a small bearish daily candle to close giving him an entry short should that daily candle be broken to the downside.
Continue reading Hao’s full article here.
Happy trading!
The TWP Team
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