This report was sent to subscribers on 7/17/10 8:20 a.m. Chicago time to be used for trading on 7/19/10. Everything is done by Howard Tyllas, no program or black box.
August Nat Gas
After the close recap on 7/19/10: My pivot acted as resistance and was 4.563, just .008 from the actual high, and my support was 4.466, just .008 from the actual low
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4.659 Resistance |
------------4.563 Pivot |
4.466 Support |
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|
Trend |
5 day chart ......... Up |
Daily chart .........Sideways |
Weekly chart ........Down |
Monthly chart Down 5.131 is the 200 day MA |
ATR .201 Balanced 37% |
I said "Notice how the bracket line was resistance that stopped the rally on Thursday. Now it is pivotal but acts as a stronger resistance when below it. 3rd time at the downtrend line is also strong resistance".
I also said "Also note how the market made a new low for the move and closed sharply higher, that usually will see follow through the next day. But since it is already at a resistance level, that reduces the chance for another up day".
August Nat Gas for 7/19/10:
"I have said for months since adding this contract "This is one market that holds its steep trend lines longer and more often than any other market I chart right now".
In my daily numbers on Friday; my resistance was .036 from the actual high; my pivot acted as support and was .006 from the actual low.
Natural Gas: Spot on numbers! The sell idea was a good one as well as the spot to take profits. I want to sell if we get back up to the bracket line resistance which coupled with the downtrend line should provide strong resistance. I would risk .040 on the trade idea
August Nat Gas for 7/16/10:
Natural Gas: Spot on resistance off .004, and accurate support numbers. After the market made a new low for the move Thursday, it turned around and took out the highs of the week which is strong action and warrants another up day to follow. The trouble with follow through on this chart is the 3rd time at the downtrend line. This will hurt the upside chances today. I want to take a sell signal and not risk more than .040.
Results for 7/16/10 were:
Soybeans: My resistance was .03 from the actual high; my support was .15 1/4 from the actual low.
Corn: My resistance was .01 1/2 from the actual high; my support was .02 1/4 from the actual low.
Crude Oil: My resistance was .33 from the actual high; my support was .08 from the actual low.
S&P: My resistance was 3.00 from the actual high; my support was 5.00 from the actual low.
Gold: My resistance was $0.90 from the actual high; my support was $0.80 from the actual low.
Euro: My resistance was .95 (exactly 1/2 way) from the actual high; my support was .21 from the actual low.
Bonds: My resistance was 4 from the actual high; my support was 7 from the actual low.
Nat. Gas: My resistance was .036 from the actual high; my support was .006 from the actual low.
Cattle: My resistance was .15 from the actual high; my support was .67 from the actual low.
August Nat Gas for 7/15/10:
Natural Gas: Accurate support but not helpful resistance. I have the same thoughts and numbers today.
August Nat Gas for 7/14/10:
Natural Gas: Spot on numbers. I say again for today "I only want to trade without bias for a day trade when we are still in the middle of the bracket lines".
Results for 7/14/10 were:
Soybeans: My resistance was .02 1/4 from the actual high; my support was .02 1/2 from the actual low.
Corn: My resistance was .01 from the actual high; my support was .02 1/4 from the actual low.
Crude Oil: My resistance was .17 from the actual high; my support was .59 from the actual low.
S&P: My resistance was 1.25 from the actual high; my support was .25 from the actual low.
Gold: My resistance was 5.70 from the actual high; my support was 6.40 from the actual low.
Euro: My resistance was .27 from the actual high; my support was .08 from the actual low.
Bonds: My resistance was 1 from the actual high; my support was 10 from the actual low.
Nat. Gas: My resistance was .098 from the actual high; my support was .034 from the actual low.
Cattle: My resistance was .42 from the actual high; my support was .10 from the actual low.
August Nat Gas for 7/13/10:
Natural Gas: Spot on numbers! Numbers were good for both bulls and bears to enter or exit their position today. I only want to trade without bias for a day trade when we are still in the middle of the bracket lines.
August Nat Gas for 7/12/10:
Natural Gas: Spot on resistance off .003, and the support was helpful. Same thoughts as Friday.
Results for 7/12/10 were:
Soybeans: My resistance was .01 from the actual high; my support was 04 3/4 from the actual low.
Corn: My resistance was .00 3/4 from the actual high; my support was .02 1/2 from the actual low.
Crude Oil: My resistance was .18 from the actual high; my support was .12 from the actual low.
S&P: My resistance was 2.25 from the actual high; my support was 2.25 from the actual low.
Gold: My resistance was 1.60 from the actual high; my support was 5.80 from the actual low.
Euro: My resistance was .01 from the actual high; my support was .02 from the actual low.
Bonds: My resistance was 15 from the actual high; my support was 10 from the actual low.
Nat. Gas: My resistance was .024 from the actual high; my support was .013 from the actual low.
Cattle: My resistance was .02 from the actual high; my support was .05 from the actual low.
August Nat Gas for 7/9/10:
Natural Gas: Spot on resistance and helpful support at best. Since we are in between the bracket lines, I would trade the numbers without bias and not risk more than .040 on a trade idea
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Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.
