That being said, I do like owning natural gas and I do own it through an ETF. And that way I can avoid leverage. I just simply hang on to it for an investment. I’m interested in maybe buying a little bit of an ETF position in this general vicinity, but keep in mind, I’m thinking about selling in two to three months. This is not a short term trade.

I do get asked short term analysis all the time about natural gas, but the reality is, unless you know transmission, uh, rates in the United States through the lines, weather patterns in the Northeastern United States and a whole litany of geopolitical issues, you really don’t have much of a chance trying to figure out what the next day or two is going to be.

Granted, we could bounce to the $2.50 level and that would not surprise me at all. But I also think that could offer a little bit of resistance. Either way, this is a market that I think you need to build up a position. This is a swing trader’s market, not a scalper’s market.

For a look at all of today’s economic events, check out our economic calendar.

Natural Gas (NG) is trading at $2.354, down 1.26%. On the 2-hour chart, the pivot point is $2.39. Immediate resistance levels are $2.44, $2.47, and $2.51, while support levels are $2.34, $2.31, and $2.27.

Technical indicators show the 50 EMA at $2.46 and the 200 EMA at $2.64, indicating a bearish trend below $2.39. A break above this level could shift the bias to bullish.

Asia Pacific specialty coffee market will grow by 14.7% annually with a total addressable market cap of $266.39 billion over 2024-2033. The growth is driven by rising disposable income and urbanization, growing demand for on-the-go coffee, strengthening premium coffee shops, and rising preferences for specialty coffee and green coffee.

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Highlighted with 48 tables and 57 figures, this 127-page report ?Asia Pacific Specialty Coffee Market 2023-2033 by Grade (80-84.99, 85-89.99, 90-100), Product Type, Application (Home, Commercial), Consumer Age, Roast (Regular, Artisanal), Distribution Channel, and Country: Trend Forecast and Growth Opportunity? is based on comprehensive research of the entire Asia Pacific specialty coffee market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

? Market Structure

? Growth Drivers

? Restraints and Challenges

? Emerging Product Trends & Market Opportunities

? Porter?s Fiver Forces

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The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific specialty coffee market in every aspect of the classification from perspectives of Grade, Product Type, Application, Consumer Age, Roast, Distribution Channel, and Country.

Based on Grade, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

? Coffee with 80-84.99 Points

? Coffee with 85-89.99 Points

? Coffee with 90-100 Points

Based on Product Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

? Instant Coffee

? Ground Coffee

? Whole Beans

? Single-Cup

? Other Products

By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

? Home Use

? Commercial Use

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By Consumer Age, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

? 18-24-Year-Old Consumers

? 25-34-Year-Old Consumers

? 35-44-Year-Old Consumers

? 45-54-Year-Old Consumers

? >55-Year-Old Consumers

By Roast, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

? Regular Roast

? Artisanal Roast

By Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

? Food Service

? Specialty Stores

? Supermarkets and Hypermarkets

? Online Stores

? Retail and Grocery Stores

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Geographically, the following national/local markets are fully investigated:

? Japan

? China

? South Korea

? Australia

? India

? Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Grade, Application, and Distribution Channel over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Blue Bottle

Bulletproof

Caff? Nero Group Ltd.

Caribou Coffee Company

Costa Coffee

Don Francisco?s Coffee

Dunkin’ Donuts LLC

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Eight O?Clock Coffee

JAB Holding Company

Luigi Lavazza S.p.A.

Starbucks Corporation

Strauss Group Ltd.

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Dynamic market scenario along with market growth opportunities for the coming years.

Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.

Regional and national analyzes integrating supply and demand forces that are influencing market growth.

Market value (millions of dollars) and volume (millions of units) data for each segment and sub-segment

Competitive scenario involving the market share of the main players, along with the new projects and strategies adopted by the players in recent years.

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XAU/USD Current price: $2,357.74

• A holiday in the US keeps major pairs within familiar levels ahead of Thursday’s close.
• The United States will release the June Nonfarm Payrolls report on Friday.
• XAU/USD consolidates weekly gains and has room to extend its advance.

Gold showed no signs of life on Thursday, trading just below the $2,360 mark. A holiday in the United States (US) exacerbated the quietness in the second half of the day, leaving the bright metal consolidating weekly gains.

The US Dollar turned south after Federal Reserve (Fed) Chairman Jerome Powell cooled down his words on inflation. Despite maintaining a cautious tone, Powell said that the disinflationary trend seems to be resuming in an event organized by the European Central Bank (ECB) in Sintra. His words put pressure on the Greenback ahead of key US employment-related data.

The Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) report on Friday, and market participants expect the US economy to have added 190K new positions in June, below the 272K gained in May. The Unemployment Rate is expected to remain steady at 4%, while Average Hourly Earnings are foreseen to be up 3.9% YoY, easing from the previous 4.1%. The figures, if confirmed, may fuel speculation of a September rate cut and push the US Dollar further south across the FX board.

XAU/USD short-term technical outlook  

Technically, the daily chart shows XAU/USD has remained confined to a tight range near its weekly high of $2,364.83, losing momentum but with the risk still skewed to the upside. The pair is developing above a flat 20 Simple Moving Average (SMA) while the 100 and 200 SMAs keep advancing below it. Technical indicators, in the meantime, remain within positive levels, although without directional strength.

In the near term, and according to the 4-hour chart, chances are of another leg north. XAU/USD develops above all its moving averages, with the 20 SMA maintaining an upward slope after crossing above the 100 and 200 SMAs. Finally, technical indicators have turned flat but hold near overbought readings without signs of upward exhaustion.

Support levels: 2,341.50 2,329.20 2,313.60

Resistance levels: 2,368.60, 2,387.60 2,400.00

Persistent Decline

Certainly, an argument can be made that the selling is overdone and that a bounce is overdue. However, as it looks now, the week may end with a fourth consecutive weekly wide range red candle with a close near the low of the week’s trading range. This shows sellers dominating to the end of the session and therefore they may continue to do so heading into next week.

There is still time for that to change, but not much, especially given the lower activity levels due to the Independence Day holiday in the United States. If this scenario is correct, then the price of natural gas remains at risk of testing the next lower target zone before a notable bounce.

Possible Support Zone Reached

Nonetheless, the retracement low of 2.335 completed a falling ABCD pattern and is shown on the chart. Once price symmetry between the AB and CD legs of the pattern match, or are close to each other, a potential pivot level has been identified. That could lead to a reversal as either support or resistance shows up, depending on the direction of the pattern. Or a breakout through the price area and a continuation of the trend triggers instead.

For natural gas, the current retracement low completed the initial target for the ABCD pattern. Also, a 50% trend retracement was completed during the decline at 2.37. Together, the two price levels can be watched as a support zone. So far, that is the case but there is little indication that the support zone can do more than slow the descent. Natural gas fell below the 200-Day MA two days ago and it continues to fall. This is bearish behavior.

Lower Support Looks Like 2.23

A decisive drop below 2.335 could lead to a decline to the next lower potential support zone from around 2.23 to 2.18. The 61.8% Fibonacci retracement is at 2.18, while an extended lower target for the ABCD pattern completes at 2.20. A prior swing ow at 2.23 begins the support zone.

For a look at all of today’s economic events, check out our economic calendar.

XAU/USD Current price: $2,357.74

• A holiday in the US keeps major pairs within familiar levels ahead of Thursday’s close.
• The United States will release the June Nonfarm Payrolls report on Friday.
• XAU/USD consolidates weekly gains and has room to extend its advance.

Gold showed no signs of life on Thursday, trading just below the $2,360 mark. A holiday in the United States (US) exacerbated the quietness in the second half of the day, leaving the bright metal consolidating weekly gains.

The US Dollar turned south after Federal Reserve (Fed) Chairman Jerome Powell cooled down his words on inflation. Despite maintaining a cautious tone, Powell said that the disinflationary trend seems to be resuming in an event organized by the European Central Bank (ECB) in Sintra. His words put pressure on the Greenback ahead of key US employment-related data.

The Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) report on Friday, and market participants expect the US economy to have added 190K new positions in June, below the 272K gained in May. The Unemployment Rate is expected to remain steady at 4%, while Average Hourly Earnings are foreseen to be up 3.9% YoY, easing from the previous 4.1%. The figures, if confirmed, may fuel speculation of a September rate cut and push the US Dollar further south across the FX board.

XAU/USD short-term technical outlook  

Technically, the daily chart shows XAU/USD has remained confined to a tight range near its weekly high of $2,364.83, losing momentum but with the risk still skewed to the upside. The pair is developing above a flat 20 Simple Moving Average (SMA) while the 100 and 200 SMAs keep advancing below it. Technical indicators, in the meantime, remain within positive levels, although without directional strength.

In the near term, and according to the 4-hour chart, chances are of another leg north. XAU/USD develops above all its moving averages, with the 20 SMA maintaining an upward slope after crossing above the 100 and 200 SMAs. Finally, technical indicators have turned flat but hold near overbought readings without signs of upward exhaustion.

Support levels: 2,341.50 2,329.20 2,313.60

Resistance levels: 2,368.60, 2,387.60 2,400.00

XAU/USD Current price: $2,357.74

• A holiday in the US keeps major pairs within familiar levels ahead of Thursday’s close.
• The United States will release the June Nonfarm Payrolls report on Friday.
• XAU/USD consolidates weekly gains and has room to extend its advance.

Gold showed no signs of life on Thursday, trading just below the $2,360 mark. A holiday in the United States (US) exacerbated the quietness in the second half of the day, leaving the bright metal consolidating weekly gains.

The US Dollar turned south after Federal Reserve (Fed) Chairman Jerome Powell cooled down his words on inflation. Despite maintaining a cautious tone, Powell said that the disinflationary trend seems to be resuming in an event organized by the European Central Bank (ECB) in Sintra. His words put pressure on the Greenback ahead of key US employment-related data.

The Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) report on Friday, and market participants expect the US economy to have added 190K new positions in June, below the 272K gained in May. The Unemployment Rate is expected to remain steady at 4%, while Average Hourly Earnings are foreseen to be up 3.9% YoY, easing from the previous 4.1%. The figures, if confirmed, may fuel speculation of a September rate cut and push the US Dollar further south across the FX board.

XAU/USD short-term technical outlook  

Technically, the daily chart shows XAU/USD has remained confined to a tight range near its weekly high of $2,364.83, losing momentum but with the risk still skewed to the upside. The pair is developing above a flat 20 Simple Moving Average (SMA) while the 100 and 200 SMAs keep advancing below it. Technical indicators, in the meantime, remain within positive levels, although without directional strength.

In the near term, and according to the 4-hour chart, chances are of another leg north. XAU/USD develops above all its moving averages, with the 20 SMA maintaining an upward slope after crossing above the 100 and 200 SMAs. Finally, technical indicators have turned flat but hold near overbought readings without signs of upward exhaustion.

Support levels: 2,341.50 2,329.20 2,313.60

Resistance levels: 2,368.60, 2,387.60 2,400.00

Natural Gas Technical Analysis

The natural gas market has fallen again during, I would say thin holiday trading on Thursday as the Americans were away for Independence Day. That being said, we are now below the support and we have formed a large M pattern. At this point, we could send the market down to the $2 level, so be cognizant of this. I’m a buyer of this, but not here. Let it fall. Typically speaking, late in the summer, we start to pick up momentum again due to the autumn coming. $2, of course, is a large round psychologically significant figure. And as you know, I’ve been long of this market for some time.

I went ahead and pulled the ripcord today, so now I’m flat. I made some money on the ETF. Didn’t make anywhere near as much as I could, but I wanted to give it as much room as I could. At this point, the closer we get to $2, the more likely I will be to start building up an ETF position again, but ETF because it doesn’t have leverage. That way I can hang on to this for a while. I don’t care what happens day to day. It’s very stress-free.

Bearish Trend Price Behavior

In a downtrend, previous price areas of support can be areas of resistance on the way down, before the dominant downtrend resumes. That happened today relative to the 200-Day line. Also, similar price behavior occurred on Wednesday as well. A daily close below yesterday’s low of 2.415 will confirm a continuation of the falling trend and will put lower price targets on the horizon.

Two Lower Price Zones Starting with 2.24

There are two lower target zones identified on the chart by the confluence of price levels derived from Fibonacci analysis and previous price structure showing support or resistance. Previous swing highs and lows present the more obvious price levels to watch. The first is from around 2.37 to 2.34, and the second shows up from around 2.24 to 2.18. Given the signs of sustained downward momentum, it is looking like the first price zone will likely be reached before the current retracement finds support that stops the decline and leads to at least a bounce.

Bearish Weekly Pattern

Also, keep an eye on the weekly chart heading into the end of the week. This week is the third week down with lower weekly highs and lower weekly lows. Natural gas is currently on track to close near the lows of the week’s range, which would indicate that sellers remain in charge going into the weekend. Each of the prior three weeks ended in the red and near the lows of the week. They reflect clear and distinct selling. Since there is no sign yet that the retracement may be close to complete, the next lower target zone becomes likely to be reached at a minimum.

For a look at all of today’s economic events, check out our economic calendar.

XAU/USD Current price: $2,359.66

• A batch of United States tepid data boosted the mood and put the US Dollar under selling pressure.
• Wall Street recovered its poise despite softer-than-expected US employment and growth figures.
• XAU/USD turned bullish in the near term and may run past the June high at $2,368.59.

A sharp US Dollar decline pushed XAU/USD above the $2,360 mark for the first time in over two weeks. A rough of tepid United States (US) data pushed the US Dollar down, although the major catalyst was the ISM Services PMI, which unexpectedly dropped to 48.8 in June after posting 53.8 in May, also missing the expected 52.5.

The country also reported that  Challenger Job Cuts showed US-based employers announced 48,786 cuts in June, down 23.6% from the 63,816 cuts announced in May. Furthermore, the May Goods and Services Trade Balance posted a deficit of $75.1 billion, better than anticipated, while Initial Jobless Claims for the week ended June 28 surged to 238K, worse than the 235K anticipated by market players. Finally, the ADP report on private job creation showed that the sector added 150K new positions in June, below the revised 157K from May and missing the 160K expected.

 Wall Street also gained impetus as a result of the better market mood. Only the Dow Jones Industrial Average trades in the red, down 0.12%. The S&P500  and the Nasdaq Composite, however, trade in the green, while government bond yields are down, further weighing on the Greenback.

XAU/USD short-term technical outlook  

From a technical point of view, the daily chat for the XAU/USD pair shows the bright metal met buyers around a flat 20 Simple Moving Average (SMA), currently at around $2,330, while the 100 and 200 SMAs keep heading north far below the shorter one. Technical indicators, in the meantime, picked up momentum within positive levels, in line with another leg north. A relevant resistance level can be found at $2,368.59, the June monthly high.

In the near term, and according to the 4-hour chart, the risk also skews to the upside. XAU/USD trades above all its moving averages, although the 20 SMA advances between directionless, longer ones. Technical indicators, in the meantime, flirt with overbought readings without signs of upward exhaustion.

Support levels: 2,341.50 2,329.20 2,313.60

Resistance levels: 2,368.60, 2,387.60 2,400.00

XAU/USD Current price: $2,359.66

• A batch of United States tepid data boosted the mood and put the US Dollar under selling pressure.
• Wall Street recovered its poise despite softer-than-expected US employment and growth figures.
• XAU/USD turned bullish in the near term and may run past the June high at $2,368.59.

A sharp US Dollar decline pushed XAU/USD above the $2,360 mark for the first time in over two weeks. A rough of tepid United States (US) data pushed the US Dollar down, although the major catalyst was the ISM Services PMI, which unexpectedly dropped to 48.8 in June after posting 53.8 in May, also missing the expected 52.5.

The country also reported that  Challenger Job Cuts showed US-based employers announced 48,786 cuts in June, down 23.6% from the 63,816 cuts announced in May. Furthermore, the May Goods and Services Trade Balance posted a deficit of $75.1 billion, better than anticipated, while Initial Jobless Claims for the week ended June 28 surged to 238K, worse than the 235K anticipated by market players. Finally, the ADP report on private job creation showed that the sector added 150K new positions in June, below the revised 157K from May and missing the 160K expected.

 Wall Street also gained impetus as a result of the better market mood. Only the Dow Jones Industrial Average trades in the red, down 0.12%. The S&P500  and the Nasdaq Composite, however, trade in the green, while government bond yields are down, further weighing on the Greenback.

XAU/USD short-term technical outlook  

From a technical point of view, the daily chat for the XAU/USD pair shows the bright metal met buyers around a flat 20 Simple Moving Average (SMA), currently at around $2,330, while the 100 and 200 SMAs keep heading north far below the shorter one. Technical indicators, in the meantime, picked up momentum within positive levels, in line with another leg north. A relevant resistance level can be found at $2,368.59, the June monthly high.

In the near term, and according to the 4-hour chart, the risk also skews to the upside. XAU/USD trades above all its moving averages, although the 20 SMA advances between directionless, longer ones. Technical indicators, in the meantime, flirt with overbought readings without signs of upward exhaustion.

Support levels: 2,341.50 2,329.20 2,313.60

Resistance levels: 2,368.60, 2,387.60 2,400.00

This is not the time of year that is typically good for natural gas, but it does make for a nice investment if you are willing to sit on it for a few months. That’s why I don’t use leverage, because natural gas is so erratic. As a retail trader, you have to be able to keep track of weather patterns in the northeastern part of the United Statest, the transmission flows on transmission lines in the United States, the weather in the Gulf of Mexico because it can shut down production, geopolitics, electricity demand and a whole host of other things.

This is not a market really suitable for retail traders. That being said, I know a lot of people like trading it for whatever reason, and therefore I always make sure that the people that listen to me know that it’s all about taking some of that extra leverage out of the position and becoming a longer term swing trader.

It’s not a scalpers market. It’s not a short term traders market. With that being said, I do think that we are more likely than not going to see a continuation of this pullback, but I do think somewhere closer to $2, you have the ability to really start building up a position maybe for fall when demand starts to pick back up.

For a look at all of today’s economic events, check out our economic calendar.