Since May 2015, October natural gas has been rotating within a 2640-to-3013 balance bracket. During that time, the market has traded up near the top and down near the bottom of the range several… more
Commentary
Over the last few months, September natural gas has been trading within a relatively wide 2600-to-2988 range. However, since late June 2015, the ranges in which the market has been rotating have… more
The US dollar is the pricing mechanism for almost all raw material prices around the globe. As the reserve currency of the world, the vast amount of liquid trading in commodity futures and forward… more
For the past six weeks, crude oil has come off from about $62 down to about $47. However, over the past seven days, the September contract found a rotational range from 47.06 to 49.63. On Friday,… more
For over a year now, gold futures have been contained within an 11304-to-13078 balance bracket. Since January 2015, gold has been contained within an even tighter 11416-to-12320 range.… more
Trend analysis via Step Theory reveals extremes that are rarely breached in any time frame. Below, the green and red studies are tracking uptrends and downtrends in 120-minute time frames. There… more
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Market-… moreThe rally in the US dollar that commenced in May 2014 saw a period of correction and consolidation during the second quarter of 2015. The world's reserve currency has an inverse relationship with… more
For the last two weeks, August crude oil found a relatively tight, 5919-to-6163 rotational trading range. During that time, the market tested the range's extremes several times on each end.… more
In the summer of 2014, Crude began a seven-month, over $50 decline to about $42. However over the past four months, it has slowly traded back above $60, settling near that price on Friday, June 12… more