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April Nat Gas Daily Numbers & Trade Ideas for 3/12/10


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This report was sent to subscribers on 3/11/10 6:00 p.m. Chicago time to be used for trading on 3/12/10. Everything is done by Howard Tyllas, no program or black box.

Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?  

April Nat Gas

After the close on 3/12/10: My resistance was 4.603, just .013 from the actual high, and my support was 4.361, just .016 from the actual low.

Results for 3/12/10 were:

Grains: My soybean resistance was $.02 3/4 from the actual high and my support was $.05 from the low, and my corn resistance was $.01 1/4 from the actual high, and my support was $.00 1/2 from the actual low.

Crude Oil: My resistance was 0.13 from the actual high; my support was 0.24 from the actual low.

S&P: My resistance was 4.75 from the actual high; my support was 4.25 from the actual low.

Gold: My resistance was 8.80 from the actual high; my support was 8.80 from the actual low. 

Euro:  My resistance was 0.07 from the actual high; my support was 0.02 from the actual low.

Bonds: My resistance was 3 from the actual high; my support was 2 from the actual low. 

Nat. Gas: My resistance was .013 from the actual high; my support was .016 from the actual low.   

Cattle: My resistance was .20 from the actual high; my support was .05 from the actual low. 

 

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4.603                         Resistance

------------4.482      Pivot 

4.361                         Support

4.157                       

      

Trend      

5 day chart .........  Down                                                                            

Daily chart   .........Down               

Weekly chart ........Down     

Monthly chart         Down   5.440 is the 200 day MA

ATR .145                 Extremely Oversold 7%  

 

I continue to say "Downtrend channel acting as resistance, support comes from the weekly chart". On Wednesday the gap was perfect resistance, and another example of why I use gaps for price discovery.

I have said for months since adding this contract "This is one market that holds its steep trend lines longer and more often than any other market I chart right now". 

April Nat Gas for 3/12/10: 

In my daily numbers on Thursday; my resistance was .013 from the actual high, my support was .017 from the actual low.  

 Natural Gas: Spot on numbers! This market trades well technically, and I would continue to trade using the charts as a roadmap and the numbers as an exact address. Extremely oversold but in this market the trend is your friend, and I would not try and bottom pick this one.

April Nat Gas for 3/11/10:

  Natural Gas: Spot on numbers! Another example of the power in gaps as witnessed on Wednesday. I would trade the numbers with no bias today.

April Nat Gas for 3/10/10:

Results for 3/9/10 were:

Grains: My soybean resistance was $.01 3/4 from the actual high and my support was $.03 from the low, and my corn resistance was $.01 3/4 from the actual high, and my support was $.02 from the actual low.

Crude Oil: My resistance was 0.16 from the actual high; my support was 0.43 from the actual low.

S&P: My resistance was 2.75 from the actual high; my support was 2.00 from the actual low.

Gold: My resistance was the Exact actual high; my support was $3.90 from the actual low. 

Euro:  My resistance was 0.19 from the actual high; my support was 0.39 from the actual low.

Bonds: My resistance was 11 from the actual high; my support was 9 from the actual low. 

Nat. Gas: My resistance was .010 from the actual high; my support was .044 from the actual low.   

Cattle: My resistance was .30 from the actual high; my support was .10 from the actual low. 

Natural Gas: Spot on resistance and accurate support. Same numbers, same thoughts. Bears are in total control but the way this market trades I would use a buy stop to protect

 April Nat Gas for 3/9/10: 

Natural Gas: Spot on numbers. New low was put in and the market rallied back to close near their high, the problem is it did not close higher and left a gap from Friday's settlement. I consider the action bearish because for the day the bulls lost the "tug of war" because the market closed lower. If it closed higher after the new low for the run, it would have been bullish. If the bulls can manage a close higher than Friday's, I would consider that friendly for more corrective action to the upside. If the bears can keep the gap from being filled on Tuesday, I would look for new lows soon.

Want to know what I think for tomorrow and going forward?

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-961-4390

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.



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Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA) and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
         
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
       
My mission is to educate you, giving you my 39 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  
  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me dailynumbers@futuresflight.com

Visit my website www.futuresflight.com

                                                 

                        

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