Gas Weekly Review
Technical Observation
Gas is currently trading with an increasing bearish momentum. As long as the price remains below the Alligator trend indicator, we expect nothing but a possible momentum to the lower side, on this chart, the key levels we are looking at include 1.837, 1.872, 1.930 and 1.965. If the price reaches any of these levels then we will be looking for a low risk trade. But as at now, we are focusing on a possible sell towards 1.837 and could extend much lower towards the daily low set below 1.825.
Trade Recommendations:
Sell Gas with your take profit at 1.837.
SPX500 Weekly Review
Technical Observation
Earlier today, SPX500 gaped to the lower side and is still pretty much bearish both on the daily and on the weekly charts. According to the 4 hours chart attached, we are headed towards the level 3248.2 and could break much lower towards 3212.8. Following the gap below the daily low, 3305.5, only sell positions looks more ideal and can safely be recommended. And if the price can fill the gap seen earlier today, then this will give us the correct place to pick a long term sell order.
Trade Recommendations:
Sell SPX500 towards 3248.2.
NQ100 Weekly Review
Technical Observation
NQ100 is currently heading to the lower side, while the price is held below the alligator trend indicator, I expect nothing but a possible momentum to the lower side. Following the break below the daily low 9324.8, I expect nothing but a possible momentum to the lower side towards 9207.5. If the price can fill the gap we saw earlier today, then this will be a good place to consider a long term sell order towards the level 9201.0. If the price breaks above Friday's highest high, then I recommend we remain on the sidelines.
Trade Recommendations:
Remain short