KOL remains largely unchanged from yesterday. MACD and TRIX signals may be signalling beginning of upward momentum.
Downward channel confirmed which happens to be quite steep and narrow. First resistance at $35.50 has already been breached. As of the writing of this it has now had a close above the this resistance line and gone marginally above the upper most line in the channel, but I think this just means the channel will widen while it travels down to around $34.00 over the coming sessions.
Largely unchanged from yesterday. Continue to monitor movement towards upper channel at about $32.82.
Crude Oil: USO
After yesterday's pop, as predicted, USO has been moving horizontally along the channel. Still some time before it'll come into contact with the furthest-most channel or bounce off of $37.80.
Natural Gas: UNG
Strong momentum down in a downtrend. We could be witnessing the start of a new channel, although it is currently outside its current one I think it is just a progression of the low put in place on the 18th. This channel should hold.
Largely unchanged and nothing of significance to report.
Instead of bouncing off of the upper channel, lithium opened the day rather happy! My renko indicators have switched up so I think this is a new channel. Let's see what kind of channel forms because it is still early. A modest allocation would not be ill-advised because on the MACD and TRIX we do have upward momentum in an uptrend.
Recently added, PALL has been in a great upward channel. It should eventually breakdown at some point as we already have four taps on the lower resistance line.
Silver is largely unchanged from yesterday and so far nothing new of significance to report.
Sugar continues to disappoint me as this is the only thing I have money in at the moment! The RSI(5) indicator might be putting in a higher low signalling the start of a change in momentum. TRIX and MACD continue to show downward pressure, but at least the signal lines are converging meaning a cross should take place tomorrow or Monday.
There's an extremely tenuous grasp of resistance at around $14.00 today. I do not expect movement downward however. Daily charts (spoiler alert) allude to movement up from here and I renew my buy signal for URA at this point.