Natural Gas adn equity stocsk saw some positive flows on Friday despite tremendous market weakness. The commodity sector has been hot and Nat gas has still lagged by a large margin. Nat Gas still trying to break out of a potential stage 1 basing formation. This base could be a powerful move to the upside. If names like AR, EQT & LNG are telling us...
Nat gas confirmed a daily chart breakout! Its looking likely that we are now putting in a basing formation to move higher. Now that we are holding above $1.86...we could start to see shorts cover. I remain bullish as long as were above this key gap zone from 2020. Nat gas resource stocks are continuing to show signs of accumulation. $2.25 upside target on...
Nat gas made a bullish reversal today. Closing up over 6% Natural gas has recaptured the short term trend and is trying to establish a new bullish range. If Nat gas holds above the key $1.8622 level we will have a quick squeeze to $2.25 Oil continues to grind higher. making new higher highs and higher lows. Oil is now on watch to target $90 a barrel....
Natural Gas is appraoching the apex of a wedge pattern. The Apex is the very tip of the triangle where 2 trendlines meet. Price will likely have to make a move by April 3 or sooner. As for which way will price break is anyones guess, but probabliietes are slightly swaying lower. Signs of accumulation are being observed in the resource stocks. So a bottom is...
Natural gas looking for a make or break move this week. Were at an inflection support level where the bulls need to defend price or run the risk for new lows. Natural Gas resource stocks showing great signs of strength and accumulation.
Natural Gas fighting in the futures to stay alive. If we for a higher low and close above $1.60 i believe we will have a quick squeeze to $2.25. The bulls need to defend this gap up!
The widow maker continues to bleed lower and squeeze longs. This is the exact opposite of a short squeeze. We're going through a long squeeze. This commodity is at extreme low levels. Covid low levels when the GDP was contracting. I believe an epic bounce will arise, but this has a history of extreme price action. Natural Gas resource stocks are making...
Nat gas closed positively today in a weak market. The importance of this close is it was a close above yesterdays high. Showing some potential near term momentum . If Nat Gas can closes above the resistance trendline we could see a retrace to $2.50. Looking for a weekly bottoming tail on Nat gas to confirm a local bottom.
Natural Gas just closed above the daily 200 MA for the first time since Nov 2022. This could signify a big shift in the Nat Gas market and may trigger funds to start accumulating in the long side as they boil full portfolio positions.
Oil looking strong and testing a bearish range breakout. Natural Gas back testing a key support zone.
Natural Gas is on watch for a technical Breakout We got a bullish daily close on Natural gas today. Its the first time Nat gas has had 2 daily closes above the 50 day moving average since it started the nasty downtrend.
Here are 3 stocks im watching today. Good Luck! I feel bullish on AR AMD and Ford. Lets see how everything plays out today. Happy Trading