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Also in the energies, November crude oil (CLX1 | Quote | Chart | News | PowerRating), heating oil (HOX1 | Quote | Chart | News | PowerRating), and unleaded gasoline (HUX1 | Quote | Chart | News | PowerRating) each registered outside days down two days ago and crude and heating oil nearly registered outside days down again today, signals that strongly suggest additional downside. New 10-Day Low readings in unleaded and heating oil make these contracts eligible for Off The Blocks short entries.
Coffee (KCZ1 | Quote | Chart | News | PowerRating) has reached its lowest levels since New York futures began trading in 1972. Coffee is also a leading Implosion-5 List contract and funds appear to be holding positions as open interest remains steady. The next downside objective is 42.75.
| Contract | Symbol |
Setup |
Direction
|
Trigger |
|
Natural gas |
(NGX1 | Quote | Chart | News | PowerRating) |
Off The Blocks (OTB) OR continuation long at support | Up
|
OTB
or 2.530 and 2.490 support
areas.
|
| Energies | (CLX1 | Quote | Chart | News | PowerRating), (HOX1 | Quote | Chart | News | PowerRating), and (HUX1 | Quote | Chart | News | PowerRating) | Outside
days |
Down |
OTB
|
| Coffee | (KCZ1 | Quote | Chart | News | PowerRating) | Implosion-5 List | Down | OTB or intraday Pullback from Lows |
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