Quoting the Preview from last sunday:
"Natural Gas and Corn signalling Short Entry Opportunities, so when the Dollar is getting strength this week these two commodities might be good ways to participate in this move.
Natural Gas had indeed one of good shorting opportunity, on corn I got a manual decision point short and on wheat an automatic decision point sell signal. To trade corn short was better because of the higher risk reward factor.
Anyway what gained the most last week (soybeans, gold and silver) can also be considered as a valid shorting opportunity once we get confirming signals on the 60 Min, 30 Min or 15 Min Charts.
Silver was with two methods tradeable: 1st a manual DP or 2nd with an automatic sell signal on which the risk was only 350$ the reward was that an amazing 9 times the initial risk. Gold had also one nice short setup but also a long setup
Nasdaq and Russel can be traded up to their first targets that will happen at the Dopple Top levels from then we will see if we either see a sideways, breakdown, break above the tops and then have a hook reversal or simply have a trendcontinuation.
100% correct both traded up to their first target, and how it looks at the moment we have a hook reversal that i used to enter a low risk short position.
Crude Oil has the potential to break out of the downtrend channel and reach new highs up to 82$ level. "
Indeed the biggest rally we saw in the crude oil market this week.
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