Crude Oil - Seems that the little bull-flag which has been building over the last few weeks finished on Friday and that a rally above the May - 2011 high at 114.83 will be seen soon.The long term Inverse S/H/S target is near 131.60.
Natural Gas - Have we seen a major bottom at 2,20? With the failure-break (see the chart below) below the January - 2012 low at 2,23 all demands was fulfilled. We have had a five wave decline since the June - 2011 high at 4.98. We have a very clear positive divergence on the MACD-Indicator all pointing towards a possible major low being in place. Even if we need one more low below 2.20 closer to 2.10 we are in the absolute last part of this decline and this could make a very nice long term opportunity.
TLT - I would like to show you this chart as a demonstration of the importance of a failure break.
Natural Gas - Have we seen a major bottom at 2,20? With the failure-break (see the chart below) below the January - 2012 low at 2,23 all demands was fulfilled. We have had a five wave decline since the June - 2011 high at 4.98. We have a very clear positive divergence on the MACD-Indicator all pointing towards a possible major low being in place. Even if we need one more low below 2.20 closer to 2.10 we are in the absolute last part of this decline and this could make a very nice long term opportunity.
TLT - I would like to show you this chart as a demonstration of the importance of a failure break.In this case it was to the upside, but the outcome is essential the same. It marks a major turning point and a great long term opportunity to position one-self on the right side of the trade. (See my latest post regarding TLT here: http://theelliottwavesufer.blogspot.com/2012/01/elliott-wave-and-technical-analysis-of.html)
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