Aspiration 3/18/18 #WEEKLY #COMMODITIES #REVIEW $SPY $TLT $SVXY $UVXY $TVIX $UGAZ $DGAZ $UWT $DWT $GLD $GDX $GDXJ $DUST $JDST $NUGT $JNUG March 18, 2018 ICE MAN Leave a comment /CL CRUDE held its support with authority and looks to break out from the daily chart wedge coming into this week. A break over Friday session’s highs puts the bull flag into play with an upside potential move to upper $60’s. Already long a CRUDE name and looking for some continuation from this move. I remain bullish on the commodity this week. /DX Short term trend reversal with Friday’s close. The chart showed weakness at its 50EMA before and will need to see it break over that resistance before confirming a reversal on the daily chart. We would need to close over $90.50 levels. I think we can have a couple green days on the index early into the week. I remain neutral to bullish on this chart setup. /ES After the breakout from the bull flag setup we’ve seen a full week of consolidation and trend retest. This coming week is very important to the direction of this chart. We can easily go in either direction with this setup. I’ll share what I can see from this point. I see a clear double top on the chart. I see lack of fresh interested money and I see the possibility for a serious pullback. Technically I have a bull-flag setup and waiting for possible buyers. Trading what I can see and not what I would like to see I would have to say I cannot be bullish just yet. /GC The chart continues to show its weakness and now approaches the $1300 levels yet again. We would need to hold that level for any money to come into this chart. It would be easier to wait and observe as the fall off could be sharp if support is broken. I remain neutral to bearish on this chart coming into the week. /NG NATGAS continues to be the boredom trade of the year. As we continue to fail to see buyers or real sellers on the chart it remains a non eventful trade for both longs and shorts. I don’t have any interest in trading this commodity until it gets some more movement. If we hold the $2.60 level we could push back up to the trend line. I remain bored with NATGAS into this week.