Natural Gas
Natural Gas
is trading in a range 3.35 to 4.48 (based on CMC). COT buying interesting still in the extreme
(above90) region. I will be looking to
long Natural Gas is next week break pdh and will take partial profit at
different resistance levels. I plan to
leave some position open after 3rd resistance level to ride the
breakout of 4.48 (if any). If 3.35
support failed to hold, next support level will be around 3.30 (Nov 2013).
Russell
Russell (US Small Cap 2000, CMC) is another potential trade with higher upside. In daily chart, Russell had turn from DT (downtrend) to neutral to UT (Up Trend) for last 2 weeks and in consolidation mode for more than a month while DOW, Nasdaq and S&P had made new recent/historic high. Russell had broken lhf on 3rd Dec, if can break and stay above pwh (Previous week high), there should be more upside. Else I will take profit and trade within the consolidation range (1150 – 1196 in CMC)
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