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CRB Explosion?


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#1 senorBS

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Posted 17 February 2019 - 10:06 PM

after reviewing the daily and weekly chart patterns and technicals it looks like a very decent possibility in the weeks ahead. IMO that bodes well for gold and oil and copper whose charts look very good as well. GLTA

 

BSing away

 

Senor



#2 dougie

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Posted 18 February 2019 - 12:51 AM

thanks Senor.



#3 gannman

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Posted 18 February 2019 - 04:19 AM

thanks senor


feeling mellow with the yellow metal


#4 robo

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Posted 18 February 2019 - 06:44 PM

I don't trade it.....  

 

This Commodity Looks Set to Pop Higher

Natural gas has been the most volatile commodity over the past four months.

The price of natural gas was $3.20 per million British Thermal Unit (MBTU) last November. It rallied all the way to $4.80 in just a couple of weeks as the market discounted the vicious cold spell that was headed our way this winter.

At $4.80 per MBTU, the price was overstretched to the upside. The move was unsustainable. And the proverbial rubber band was set up to snap back.

That’s exactly what happened.

The price of natural gas has plummeted to just $2.62. That’s a 45% drop in a little over two months.

Now, though, we have the opposite condition…

 

So… I like the odds of a rally in the price of natural gas over the next few weeks. Even a modest “snap-back” rally up to its 50-day moving average line (about $3.20) would be a 20% gain from the current price.

That sort of potential gain is worth trading.

Best regards and good trading,

 

 

https://www.jeffclarktrader.com/


Edited by robo, 18 February 2019 - 06:45 PM.


#5 Russ

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Posted 19 February 2019 - 12:54 AM

after reviewing the daily and weekly chart patterns and technicals it looks like a very decent possibility in the weeks ahead. IMO that bodes well for gold and oil and copper whose charts look very good as well. GLTA

 

BSing away

 

Senor

Here's a chart of a commodity index from tradingview which is the only one I saw on there, but it has a similar trend for a high coming this summer into august for this commodity index vs. mid july for gold, but these dates could shift a little for their peaks on this run, just generally high into this summer initially.  


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#6 senorBS

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Posted 22 February 2019 - 12:13 PM

scenario lookin good, nice int term copper breakout this week, gold and oil look higher IMO, and da beat goes on

 

Senor



#7 alexnewbee

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Posted 12 March 2019 - 09:25 AM

I like wheat here. Keep an eye on it.


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