Takeaway

The presenter maintains an actionable bearish bias on precious metals, citing confirmed technical breakdowns in Gold and Silver toward lower support levels. Conversely, the view on Natural Gas remains short-term bullish targeting recent highs, while Crude Oil sits in consolidation with directional trades contingent on a clear range breakout.

What the presenter said

• Natural Gas: Price sits at the 38.2% Fibonacci level on NYMEX, holding above the 20 and 50 EMAs with upward pressure, though rejection at the 20 EMA and a minor developing Head & Shoulders pattern warrant caution [01:06, 01:41, 01:58, 03:16]. The presenter expects a push into previous highs this week, potentially forming a double top before any subsequent decline [02:03, 05:03].
• Gold: Price confirmed a bearish Head & Shoulders pattern by breaking below its neckline, with the presenter projecting continued downside into major support between 3903 and 3961 [06:33, 06:51, 08:40].
• Silver: Trading below its 20 and 50 daily EMAs, Silver has broken below its prior consolidation floor, signaling that market participants view current levels as overvalued [09:23, 10:20].
• Crude Oil: Currently range-bound in consolidation; the presenter will stay sidelined until a confirmed breakout above resistance or below support occurs [11:30, 11:51].

Trade ideas

• Natural Gas (NG1!) — Long

  • Direction: Long
  • Entry: Bullish engulfing pattern forming above the 50 EMA (or on a pullback above the 50 EMA)
  • Target: Previous highs
  • Stop: Below the 50 EMA
  • Horizon: Short-term
  • Conviction: Medium

• Gold (XAUUSD) — Short

  • Direction: Short
  • Entry: Bearish pullbacks accompanied by engulfing candles
  • Target: 3903–3961
  • Stop: Above previous swing high
  • Horizon: Short-term
  • Conviction: High

• Gold (XAUUSD) — Long

  • Direction: Long
  • Entry: Reversal confirmation (engulfing candle or double bottom) upon reaching 3903–3961 support
  • Target: Not specified
  • Stop: Not specified
  • Horizon: Not specified
  • Conviction: Medium

• Silver (XAGUSD) — Short

  • Direction: Short
  • Entry: Bearish pullbacks showing engulfing candles following the consolidation breakdown
  • Target: 54.79 and the 1.618 Fibonacci extension
  • Stop: Not specified
  • Horizon: Short-term
  • Conviction: High

• Crude Oil (CL1!) — Long

  • Direction: Long
  • Entry: Breakout above current range highs, followed by a pullback and bullish engulfing candle
  • Target: Not specified
  • Stop: Not specified
  • Horizon: Not specified
  • Conviction: Medium

• Crude Oil (CL1!) — Short

  • Direction: Short
  • Entry: Breakout below current range lows, followed by a pullback and bearish engulfing candle
  • Target: Not specified
  • Stop: Not specified
  • Horizon: Not specified
  • Conviction: Medium

Levels and data cited

• Natural Gas (NG1!): 3.114 (38.2% Fibonacci), 3.195 (50.0% Fibonacci), 3.259 (61.8% Fibonacci), 3.323 (78.6% Fibonacci), 3.373 (100.0% Fibonacci), 3.477 (1.618 Fibonacci extension).
• Gold (XAUUSD): 3903 to 3961 (support zone).
• Silver (XAGUSD): 54.79 (support) and the 1.618 Fibonacci extension level.

Risks and what would invalidate this

• Natural Gas: A push lower into or through the 50 EMA would invalidate the aggressive long setup; completion of the minor Head & Shoulders pattern could lead to broader downside or extended consolidation.