Takeaway

The presenter's bias on Natural Gas remains bullish, and he anticipates the price will continue higher, potentially breaking the $3.00 level soon. He is also watching for long entry conditions to form in Crude Oil, Gold, and Silver, but awaits specific price action confirmations like pullbacks or double bottoms before acting.

What the presenter said

• The bias for Natural Gas is still bullish, with the speaker expecting the price to continue heading higher and potentially break the $3.00 level soon. [34:33]
• For Crude Oil, the speaker is waiting for the price to pull back to a key zone and form a double bottom with RSI divergence before considering long trades. [38:21]
• The speaker is not yet convinced Gold will push up and is waiting for a clear upward move, followed by a pullback and an engulfing candle, to signal a long entry. [35:43]
• For Silver, which he notes is a faster-moving asset, the presenter is comfortable going long but only after seeing valid engulfing candles form. [36:48]
• The Nifty 50 Index formed a head and shoulders pattern, broke the neckline, and is now pushing down, indicating further bearish continuation is possible. [10:20]
• The speaker's trading system involves four factors: observation, conditions, entries, and targets. [11:36]

Trade ideas

• Natural Gas Futures (NG1!): Long, with entry after a break above the $3.00 level, followed by a pullback and an engulfing candle.

  • Target: Next resistance level (unspecified).
  • Stop: Unspecified.
  • Horizon: short_term.
  • Conviction: Medium.

• Light Crude Oil Futures (CL1!): Long, waiting for price to pull back into the green zone (unspecified level) and form a double bottom with RSI divergence.

  • Target: Unspecified.
  • Stop: Unspecified.
  • Horizon: Unspecified.
  • Conviction: Medium.

• Gold Spot (XAU/USD): Long, on a pullback with an engulfing candle after a clear push up.

  • Target: 4492.00.
  • Stop: Below the low (unspecified).
  • Horizon: Unspecified.
  • Conviction: Low.

• Silver Spot (XAG/USD): Long, after valid engulfing candles appear in the buying zone.

  • Target: Next resistance level (unspecified).
  • Stop: Unspecified.
  • Horizon: Unspecified.
  • Conviction: Medium.

• NZD/JPY: Long, from a major structure level where price has previously been rejected. Looking for a double bottom with RSI divergence.

  • Entry: 89.678.
  • Target: 1.2:1 (initial), managed up to 4:1.
  • Stop: 89.122.
  • Horizon: Unspecified.
  • Conviction: Medium.

• Nifty 50 Index: Long, if price enters the identified buying zone.

  • Entry: 21988 - 22348 (buying zone).
  • Target: Unspecified.
  • Stop: Unspecified.
  • Horizon: Unspecified.
  • Conviction: Medium.

• SGD/CHF: Long, based on a pullback entry in a trending market.

  • Entry: 0.63773.
  • Target: 0.64450.
  • Stop: 0.63173.
  • Horizon: Unspecified.
  • Conviction: Medium.

Levels and data cited

• Natural Gas (NG1!): $3.00 (resistance).
• Gold (XAU/USD): 4492.00 (target).
• Nifty 50 Index: 21988 (support), 22348 (resistance).
• USD/JPY: 156.972 (entry), 158.723 (exit), 155.392 (second entry), 155.471 (second exit).
• NZD/JPY: 89.678 (entry), 89.122 (stop).
• SGD/CHF: 0.63773 (entry), 0.64450 (target), 0.63173 (stop).
• External Data: Trustpilot Rating of 4.5/5 based on 3500+ reviews.

Risks and what would invalidate this

• The speaker notes that entries are never 100% certain, which is why a stop loss is used.
• Aggressive entries, such as those based only on an engulfing candle, can be risky.
• The presenter cautions against moving a stop loss to break-even too early.
• The prediction for Natural Gas to gap up on the open might be wrong; it could open down.
• The speaker is not comfortable selling Gold unless the price breaks below a specific (unidentified) low.