CHFJPY: (update)

CHFJPY has bounced from the 120.200 key level. This level is aligned with the supply zone that the market is currently in and traders will be interested in this market. What also confirms a possible reversal is the break below the ascending channel as well as structure. A close below the channel will alert traders and will confirm downside momentum.

NATURAL GAS

NGAS has rallied to the upside since the last commentary. The overall bullish trend is aggressive and indications are that the market will still continue in this direction. Traders are looking to buy the dips and hold on to their positions for the next few weeks.

USOIL: (update)

USOIL rejected the supply zone and is currently dropping. Historically the market aggressively reversed from this zone proving that there is liquidity. Since history repeats itself, traders anticipate a reversal again in future. At the moment the market is approaching the support zone where traders will be looking for long positions.