Please review notes on chart. Don't sell yourself short by containing yourself in a linear format. Price action follows a curve.
Intraday 19 01 2016 Natural Gas Buy Sell Levels.
I think NGAS hit rock bottom for now. Moving into the winter with chilli temperatures incoming and a perfect trend reversal setup (STOCHRSI and MACD) I think it is very likely we see NGAS reach $3.2 + within the next two weeks. Very crucial to whether this will occur as planned are the inventories which based on past data and future expectations should be as or...
WXY pullback Can be expected to touch the top. Start shorting from the red region. I dont care about winter/weather or this or that. I trade wave counts and patterns. if you have fundamental issues pls dont take this trade, and rest of you who do short, enjoy the ride with me. I will be posting update on lower tf. Enjoy Trading !
I will be sorting Natural Gas for only 1 day (12/14/2016) I don't think Natural Gas has a clear direction right now, but I do think it is still in limbo, just at a lower level than expected. Thus I do forecast a drop back from the 10DMA levels of 2.737 to erase today's (11/14/2016) gains, but no movement lower, at least not this week.
Cyclicality and conditions of current price structure obviously point upward. Fundamental USD weakness supports the conclusion. Trade at your own discretion.
had big earnings surprise last quarter over 200 prercent increase could do it again long term damage over stabilizing pays a dividen of 3 cents a quarter technicals neutral use stop loss see our book on amazon about setting
Shares of 3x Bull Natural Gas Related Equities ETF is trading just above a symmetrical triangle on above average volume following 3-months of sideways consolidation at the lows.
Natural Gas Ascending Triangle. Buy at triangle trend line or wait for breakout.
As I described my thoughts on the chart.
Wait for the 4 HR candle to close above 0.236 fib level to execute long trade. Confirmations : Retest of Daily Trendline, ABCD Formation, Monthly Hammer Formation Complete Bullish Setup, Risk Reward trade (1:4) Happy Trading :D