Top 3 gráficos de la semana: NATGAS, US100, DE30 (08.12.2021)

NATGAS

Let’s start today’s analysis with NATGAS. The commodity has slumped recently because meteorologists believe that the current month will be one of the warmest Decembers since 1950 whereby gas consumption may decrease. Looking at the H4 interval, one can see that the recent sell-off was halted near the local support at $3.74. Considering the bullish scenario, buyers should focus on two important resistances. The first one lies at $4.2 and is marked with previous price reactions. The second one coincides with the upper limit of 1;1 structure (red rectangle). Only a break above the $ 4.37 level may herald a trend reversal. 

NATGAS H4 interval. Source: xStation5

US100

Next, let’s move to the US tech index - Nasdaq-100 (US100). Looking at the H4 interval, one can see that the index broke above the downward channel, but sellers appeared around the key resistance near 16,430 pts. As long as the price sits below this level, the correction toward the support at 16,120 pts could be on the cards. On the other hand,breaking above 16,430 pts resistance could pave the way for a bigger upward move towards all-time high at 16,730 pts.

US100 H4 interval. Source: xStation5

DE30

Last but not least, let’s take a look at the German index - DAX (DE30). Looking at the D1 interval, one can see that the index bounced off the support area near 15,090 pts. The green marked zone on the chart below is marked with previous price reactions, 78,6% Fibonacci retracement, as well as the lower limit of a wide 1:1 structure. According to the Overbalance methodology, bouncing off this support may herald a resumption of the main upward trend. In this case, the next potential resistance before all time high, is located around 16,000 pts. 

DE30 D1 interval. Source: xStation5