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Is cocoa forming a base?

Commitment of Traders and wyckoff trading range analysis suggest that cocoa could be ready to rally away of the one month old accumulation base (watch the video here: Of course, as always, this is not a trade solicitation and if you trade you do it at your own risk and responsibility.

GNE looks ready to bounce

GNE is currently squeezing with rising buying pressure. Incidentally its quarterly earnings growth is +159,3%. One of these days it could start to rise.

chart of Genie Energy Ltd
Student Transportation Inc. is North America’s largest independent provider of school bus transportation services, operating more than 13.000 vehicles in over 360 school districts.

As we can see from the chart, the stock price is currently in a squeeze. Yesterday STB generated a small hammer (looks also like a sort of a 'shy' stopping volume bar) and the accumulation/distribution indicator keeps climbing up.
If and when the triangle will be broken to the upside (a crystal clear breakthrough), we will consider entering long.

STB triangle

Remember this is not a trade solicitation and if you decide to trade you do it at your own responsibility.

Is Natural Gas hitting the bottom?

Let's face it. We all know that we should start by analyzing the long-term timeframe, and yet, for one reason or another, we don't do it so often. The best of us systematically look at the weekly charts, few actually go higher to the monthly timeframe. Well, we do evil. For example, by looking at the monthly chart of natural gas it appears to us an interesting landscape, less visible in the lower timeframes: the price is lingering on a long-term support, and it is possibly drawing a textbook inverted head & shoulder pattern.
natural gas monthly chart
When we encounter a landscape like this, we wonder whether it is an accumulation or distribution process and, in search of an answer, we run to the Commitment of Traders Report. And, in this case, we get a confirmation of the accumulation hypothesis: the COT index shows that Commercials are bullish since a long time waiting for the rebound, Funds have been selling like crazy but now they've come full scale and, above all, the open interest is historically very low. Here, too, it looks like a textbook bullish setting.
natural gas commitment of traders june 2015
So let's look at the daily chart. Here we notice that the latest drop in prices was accompanied by a progressive decrease in volumes, a sign that sales were gradually declining in intensity. In addition, the June 4th hammer looks very much like a stopping volume bar or something similar. Evidently strong hands do not think it is appropriate to decline further. Rising days ahead?
natural gas daily chart june 8th 2015

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