Natural Gas Breaks Lower Towards Our $3.00 Target

Just about seven days ago we alerted all of our followers to a massive breakdown move that was about to unfold in Natural Gas. At that time, we predicted the price of Natural Gas would break below $4.30 and fall quickly towards the $3.00 - 3.20 level. Taking a look at that call now, with the price below $3.60, it seems our analysis was perfectly timed.

This Daily Natural Gas chart highlighting our predictive Fibonacci price modeling system shows the downside price targets that are waiting to confirm price support and a potential “deep V bottom formation”. If you recall from our earlier research, we believe this downside move will end rather quickly with a deep V type of price bottom setting up near the end of 2018. This means we expect the price of Natural Gas to begin to rally into 2019 after reaching the $3.00 - 3.20 level soon.

This is an incredible move for skilled traders. We are watching a $2.50 price move in Natural Gas unfold right before our eyes – and it appears this rotation will complete before the end of February 2019. -$1.40 to the downside, then +1.20 to the upside. Just follow the predictive modeling systems and ride it out.

We’ll alert you when the bottom sets up and when the upside move it about to unfold, but for now, we are watching for NG to move into the support zone (near $3.20). Once that level is reached, a technical price bottom should start to set up and the new rally back towards $4.00 will likely start in early January 2019.

Want to learn how our advanced price modeling tools can make calls like this weeks and months in advance? Visit The Technical Traders to learn about our research, services, daily videos, and more solutions to help skilled traders stay ahead of these market moves. Our advanced predictive modeling solutions and years of market research provide our members with a clear advantage you won’t find anywhere else.

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Chris Vermeulen
The Technical Traders

Precious Metals & Miners Flash Short-Sell Signal

It has been a bumpy ride for precious metal investors over the past couple of years and unfortunately we do not think its over just yet. But we feel fortunate to have our trading partner Chris Vermeulen on our team walking us through this.

Today Chris is telling us that the good news is that the bottom has likely been put in for gold, silver and gold miners BUT the recent rally in these metals and miner looks to be coming to an end. While we could see another pop in price over the next week or so the price, volume and momentum seem to be stalling out.

What does this mean? It means we should expect short term weakness and lower prices over the next month or two.

Here are three charts Chris posted several months. Their forecast were based off simple technical analysis using cycles, Fibonacci and price patterns. As you can see we are not trading at our key pivot level which we expect selling pressure to start to increase and eventually overpower the buyers sending the prices lower.....Click here to see Chris' complete chart work and article.

The S&P 500 Went South....Did You Cash in Your Chips?

For some time now we have been concerned about the lack of upside momentum and the divergences that have been building in many key oscillators. We were also concerned that we'd reached a very important Fibonacci level which we pointed out in a recent video.

It never ceases to amaze me how these levels have worked both in the past and in the present. If you're serious about the markets, you must pay attention to these key levels as many professional traders do, and perhaps you will understand why.

In today's short video, we're looking at the S&P 500 and some of the downside targets we have scoped out using a very simple tool. We had a nice run on the upside based on our "Trade Triangle" technology and we are happy to cash in our chips and watch from the sidelines for the time being.

Click here to watch The S&P 500 Went South....Did You Cash in Your Chips? and as always you can watch our videos without registration and there are no fees involved. Please feel free to leave a comment and let us and our readers know what you think is the direction the markets are headed.




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Growing Power of Iraqi Kurdistan Could Backfire on Tehran

Iran's strategy to break Iraq into three component territories, and to dominate those territories in order to reduce regional opposition and to gain unfettered access to Syria and the Mediterranean as a result of the Western invasion of Iraq in 2004, has had profound success. The country is now, at best, a federation, with elements of a slide toward confederacy or even the breaking away of some territory. Iran dominates, and will increasingly dominate, the Shi'a controlled central heartland and the Government of Iraq, particularly when US and Coalition forces depart. Iraq's northern, and predominantly Kurdish, region is now virtually an independent state. It is certainly an autonomous state.

And yet the solution which Tehran sought, the break-up of Iraq, may hold more problems for it than a unified Iraq, as the modern Iraqi state was created under British tutelage in 1922. Indeed, the Kurds, who had been financially swayed by both Baghdad and Tehran for decades, may feel sufficient strength that the foundations of a sovereign state can be laid. That sovereign state would, as the Iraqi Kurds have made clear — have aspirations on territory inside Iran, in Syria, and, significantly, Turkey (and possibly Azerbaijan and Armenia). In that respect, the Turkish-Iranian-Syrian rapprochement could not have come at a more propitious time. This reality, too, fuels the momentum in Ankara toward phasing out its strategic relationship with Israel. A Turkey-Armenia-Iran arrangement would help curtail Kurdish dreams of unity (even though the Kurdish tribes have historically been anything but trusting of each other, in many respects). And, fueling Ankara's concerns has been the heavy Israeli commercial involvement in the.....Read the entire article.


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Two Major Forces Collide in the Index Markets

On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub’s Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market.

In our latest video we cover both the Dow and the S&P 500 and tell you what we think is going to happen to both of these markets in the near and intermediate term.

Just Click Here to watch our latest video and as always our videos are free to watch and there’s no need to register. Please take a moment to let us know what you think of the video by leaving a comment.

Ray C. Parrish
President/CEO, The Crude Oil Trader

Crude Oil Daily Technical Outlook

Crude oil's consolidation from 67.43 is still in progress and further recover cannot be ruled out. But still, another fall is still in progress as long as 71.60 resistance holds. Break of 67.43 will indicate that fall from 75.0 has resumed for 65.23 support next. Break there will confirm the case that whole rise from 58.32 has completed and will bring deeper fall to test this key support level. On the other hand, strong rebound above 65.23, followed by break of 71.60 resistance will suggest that fall from 75.0 is a correction only and rise from 58.32 is still in progress. Intraday bias will then be flipped back to the upside for a 75.0 and then long term fibonacci resistance at 76.77 (38.2% retracement of 147.27 to 33.2]. In the bigger picture, there is no.....Read the entire article

Crude Oil Daily Technical Outlook

Crude oil's fall from 75.0 extends further and is now pressing near term trend line support. At this point, intraday bias remains on the downside. Sustained break of the trend line will affirm the case that whole rise from 58.32 has indeed ended at 75.0 already and turn focus to 65.23 support. Further break there will confirm and target 58.32 support next. On the upside, above 71.60 will flip intraday bias back to the upside for a test on 75.0 again and probably bring rally resumption to next long term Fibonacci resistance at 76.77 (38.2% retracement of 147.27 to 33.2). In the bigger picture, there is no change in the view that rise from 33.2 is a correction to whole down trend form 147.27.....Read the complete article

Commerzbank: Oil May Drop to Test $63

Crude oil may drop to test a support line around $63 a barrel in New York should it fail to reach two key targets above $74, according to technical analysis by Commerzbank AG. Oil has failed to re attain this year’s high of $73.23 a barrel reached on June 11. A fresh rally will be capped in a range between $74.54, the 200 week moving average, and $76.28, a critical level using so called Fibonacci analysis, Commerzbank said. Failure to breach these points may send crude plunging toward a support line connecting the lowest prices of the past six months, the bank said. "We would allow for probes into this key overhead resistance band, but would again allow for initial failure" Commerzbank analyst Karen Jones said in a report yesterday. "Failure here would once again cast attention back to support offered by the six month uptrend".....Complete Story