USDJPY major rejection in play
July 20, 2018
German Stocks on our watchlist
July 23, 2018

Nymex Natural Gas market had a volatile week going back and forth closing 0.50% higher than the week before at $2.76. Thursday’s storage report added only a 46 Bcf in underground stocks and price bounced 1.50% on that day as predicted. Demand for Natural Gas to generate electricity for cooling, will remain high enough to maintain a new range bound price between $2.60 to $2.90. Summer is not over yet, temperatures will remain high enough, but we must remain vigilant in terms of trading volumes as we approach August. Also a bearish sentiment is to be seen and confirmed only late in August, not before. We are selling the same rallies as we do for quite some time now, looking for price to bounce and coming in at signs of exhaustion candles. We did not want to buy this market in June, we certainly won’t do so now. Daily and 4Hour MACD and RSI offering precision in timing.