Sunday, 29 March 2015

Weekend charts


  1. Hey Bouraq, whats your thoughts on gold. Did it break out of its up channel? Thanks Cory

  2. Hi Cory,
    Yes it seems the ascending green channel broke down. Below 1193 wouldn't be good on the bullish side. This is the chart.

  3. Hi Bouraq:

    have 2 questions, what do you think is going with the wheat trade, why it declined all the way to the 4.98 channel, Now it's go up again, do you believe, it's clear to get in . my second question about NG, You said, I'll hold my short position, as long as it doesn't cross the green line, which i believe is the $2.66 price shown on the right of the chart, as i am writing, the price already crossed the 2.66, are you going to unwind your position, although 2 days ago you sounded very confident about the 2.40 to 2.50 call. Currently i have a full position in NG, AND WOULD LIKE TO KNOW YOUR VIEW AND YOUR NEXT MOVE. thank you for everything

  4. Hi Mohamed,
    I'm still short natgas as I posted just now. I reckon at 498 wheat gave a very good chance to get in. At these prices I'm not sure. I would put some money on WEAT and leave it but going in with futures at these prices I don't know. I don't think I could dare to do it with my money. I entered at 479.5 and some at 490.
    Regarding natgas, you should plot the support line and see it for yourself. That's the best way to learn.

  5. next to your one of a kind charts, and daily updates, to be able to communicate with you another service by itself. thank you