Best of the Week
Most Popular
1. Trumponomics Stock Market 2018 - The Manchurian President (1/2) - Nadeem_Walayat
2.Yield Curve Inversion a Remarkably Accurate Warning Indicator For Economic & Market Peril - Dan_Amerman
3.China is Now Officially at War With the US and Japan - Graham_Summers
4.Markets Pay Attention Moment - China’s Bubble Economy Ripe for Bursting - 16th Jul 18 - Plunger
5.Stock Market Longer-Term Charts Show Incredible Potential - Chris_Vermeulen
6.U.S. Stock Market Cycles Update - Jim_Curry
7.Another Stock Market Drop Next Week? - Brad_Gudgeon
8.The Death of the US Real Estate Dream - Harry_Dent
9.Gold Market Signal vs. Noise - Jordan_Roy_Byrne
10.The Fonzie–Ponzi Theory of Government Debt: An Update - F_F_Wiley
Last 7 days
Dollargeddon - Gold Price to Soar Above $6,000 - 16th Aug 18
Stock Market Higher Again, Correction Over? - 16th Aug 18
Up Your Forex Trading Game - 16th Aug 18
Large Caps Underperformance vs. Small Caps is Bullish for Stocks - 16th Aug 18
“The Big Grab” - Failing Pension and Retirement System - 16th Aug 18
How US Indo-Pacific Vision Forgot Asian Development - 16th Aug 18
Impulse Moves in the Currencies - 15th Aug 19
Best Merlin UK Theme Park Summer Holiday 2018 - Thorpe, Alton Towers, LegoLand or Chessington? - 15th Aug 18
The Essence of Writing an Essay that Must be Understood - 15th Aug 19
Is Solar Energy Rising From The Ashes Again? - 15th Aug 18
A Bullish Bond Argument That Hides in Plain Sight - 15th Aug 18
Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future” - 15th Aug 19
A Depressed Economy And A Silver Boom - 15th Aug 19
Moving Averages Help You Define Market Trend – Here’s How - 14th Aug 18
It's Time for A New Economic Strategy in Turkey - 14th Aug 18
Gold Price to Plunge Below $1000 - Key Factors for Gold & Silver Investors - 14th Aug 18
Dow Stock Market Trend Forecast 2018 - Video - 13th Aug 18
Stock Market Downtrend to Continue? - 13th Aug 18
More Signs That the Stock Market Will Rally Until 2019 - 13th Aug 18
New Stock Market Correction Underway - 13th Aug 18
Talk Cold Turkey Economic Crisis - 13th Aug 18
Which UK Best Theme Park - Alton Towers vs Thorpe Park vs Lego Land vs Chessington World - 12th Aug 18
USD is Rising. What this Means for Currencies and Stocks - 12th Aug 18
Hardest US Housing Market Places to Live - Look Out Middle Class - 12th Aug 18
America’s Suburbs Are Making a Comeback - 12th Aug 18
Stock Market US Presidential Cycle, Seasonal Analysis and Economy - Video - 12th Aug 18
Yield Curve Inversion and the Stock Market - Video - 11th Aug 18
Land Rover Discovery Sport 1st Dealer Oil Change Service - What to Expect - 11th Aug 18
How to Setup Webinars and Use Them to Overcome the Barriers in E-Learning - 11th Aug 18
Big US Stocks’ Q2’18 Fundamentals - 11th Aug 18
Dow Stock Market Trend Forecast 2018 - 10th Aug 18
SPX Testing Its First Support Level - 10th Aug 18
Dreaming of a "Comfortable Retirement" on a Public Pension? - 10th Aug 18
The Forrest Gump of All Future Democrat Election Losses - 10th Aug 18
More Uncertainty as Stocks Got Closer to January Record High - 10th Aug 18

Market Oracle FREE Newsletter

Trading Any Market

Gold, Silver, Crude Oil and Natural Gas Commodities Analysis

Commodities / Exchange Traded Funds Jun 07, 2009 - 06:54 PM GMT

By: Chris_Vermeulen

Commodities

Best Financial Markets Analysis ArticleCommodities have been driving up the past few months and now it looks like Natural Gas is going to be joining the party. This report quickly and clearly shows Gold, Silver, Oil, and Natural Gas from a technical trading point of view.


Gold Bullion – GLD Exchange Traded Fund – Daily Chart
As you can see, gold broke to the upside of this large bull flag/ABC retrace wave pattern back in May. This posted us a sold 7% gain last week. I have a feeling we are going to see prices test lower or consolidate sideways for a couple weeks. We will continue to hold a core position with an exit price set at my support trend line, which is slowly moving higher each day to lock in more profits.

Silver Bullion – SLV Exchange Traded Fund – Daily Chart
Silver has provided the same opportunity but has not yet broken my support trend line. If we get a trend line break, I expect to see prices drop quickly. I suggest placing a stop just below the support trend line level to lock in some gains at the $14.75 area. With any luck we can buy back some silver at a cheaper price in the near future.

Crude Oil – USO Fund – Weekly Chart
Weekly charts provide powerful trading signals and I like to use this time frame for identifying possible trend changes. Oil made a reversal back in March and has been performing very well. At the current price, it is starting to look overbought and I expect a pullback of some type soon. I have provided a short term profit taking trend line, which would be the point to lock in some gains on energy trades.

Natural Gas – UNG Fund – Weekly Chart
As you can see Natural Gas looks to be starting a reversal at this price level. Volume is surging higher, MACD is moving higher and we could get trend line break soon,which will provide us with an intermediate buy signal. I will continue to watch Natural Gas until I have a low risk entry point to buy. I think we are still 2-4 weeks away from a possible buy signal.

The Precious Metal, Oil & Nat Gas Trading Conclusion:
Gold and silver are starting to move lower. This week will be interesting, as prices unfold. Because gold stocks are underperforming the price of gold bullion, I am leaning towards lower prices in the near term.

Crude oil continues to push to new multi month highs. Moving stops/exit points up in the energy sector is a wise decision for short term traders. So far it’s been a great run.

I recommend locking in gains after a solid move higher. Too many times, the market will reverse and wipe out most of the unrealized profits in a few bad sessions. You can always add to the position again on a pullback, with a low risk entry point, or put that money to work in a new setup possibly Natural Gas.

Hello, I'm Chris Vermeulen founder of TheGoldAndOilGuy and NOW is YOUR Opportunity to start trading GOLD, SILVER & OIL for BIG PROFITS.  Let me help you get started.

If you would like more information on my trading model or to receive my Free Weekly Trading Reports - Click Here

I have put together a Recession Special package for yearly subscribers which is if you join for a year ($299) I will send you $300 FREE in gas, merchandise or grocery vouchers FREE which work with all gas stations, all grocery stores and over 100 different retail outlets in USA & Canada.

If you have any questions please feel free to send me an email. My passion is to help others and for us all to make money together with little down side risk.

To Your Financial Success,

By Chris Vermeulen
Chris@TheGoldAndOilGuy.com

Please visit my website for more information. http://www.TheGoldAndOilGuy.com

Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com.  There he shares his highly successful, low-risk trading method.  For 6 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets.  Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.

This article is intended solely for information purposes. The opinions are those of the author only. Please conduct further research and consult your financial advisor before making any investment/trading decision. No responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.  

Chris Vermeulen Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules