In the last 6 weeks natural gas prices are down nearly $1 in the futures which would not be a big deal if we were talking about Crude oil but this actually represents greater than a 20% reduction in prices.
Natural Gas Down More Than 20%
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Looking at Euro Currency
There is no denying the trend has been higher as prices have experienced a steady rise since late July. Within that time frame the Euro appreciated 10% but my initial take away is we may have put in an interim top last week.
Silver Moving Up
After establishing a base around $30/ounce just above the 61.8% Fibonacci retracement level silver has started to appreciate.
All That Glitters Is….Silver?
Silver happens to be one of my favorite commodities to trade but it is not for the faint of heart.
Striking Gold?
In the last 10 weeks gold prices have depreciated 7%. The last time this pivot point was challenged in early November it held but will this time be different?
What Is Happening with the Aussie Dollar?
In the last two months the Australian dollar has danced the trend line. However in that time frame prices have appreciated 5% lifting prices to multi month highs.
Bullish Look at Natural Gas
In just over 3 weeks prices of natural gas futures have lost 20% dragging prices to 3 month lows. With prices at oversold levels and relatively close to what I view as support; the lows from June and then again in September I have bullish trades on my radar.