We have tanked past 2001 lows Looking to see if lows from 1998 and 1999 provide any kind of support to buy off
NAT GAS IS APPROACHING SYNERGY.... WATCH THE FUTURES PRICE OF 1.57- 1.40
Chart shows daily reversal candles inside of bull flag PT 2.27
If it's a flag, possible target 1.0 @ 2.955$
Short Natural Gas at current levels to trade the 5th wave. Structure gets invalidated if close above 2.1 Target 1 - 1.69 Target 2 - 1.62
#SPY #QQQ #IWM #DIA avg. vs.#NG_F #CL_F avg. Note divergence and trend flow. Cycle 'revergence' initiating.
*Drops Dishes* WAVES! The price action travels in waves! Now would be the time to applaud. Troglodytes. Thank you @BattleAxe for jogging my memory.
1- Winter Season Started will effect the demand. 2- Inventories are falling below 5 Yr Average. 3- About to go up if Mirror Image Completes in the Weekly Chart. 4- RSI Making Higher Lows on Every Downfall. 5- Major Reversal pattern on the Bottom. 6- Dollar Index Showing a Downside... Can trade Buy Side with Stops below Previous Lows for Next Year.
Natural Gas could be working on putting in the right shoulder of a inverse h&s. Above 2.71 would give added confidence to a likely retest of the noted neckline. The timing of this retest could occur within the next 2-3 weeks. Confirmation of this inverse h&s would have an implied target of ~3.7 with a completion likely this fall. Below recent lows at 2.6 and...
Due for some pullback, nobody can deny that.
After a potential exhaustion gap yesterday, prices have recovered which increases the probability that yesterday was indeed an exhaustion gap. The price chart is forming a potential falling wedge and cup and handle failure pattern with an RSI divergence. I suggest taking a trade: Enter with 1/3 position now. Add 1/3 if prices close above 2.62 and add the last...
For the first time since I've added NG to my watchlist two months back, its weekly and daily charts are pointing bullishly. NG has been testing a 2yr plus uptrend support over the last few months, and is flirting just above it currently ahead of tomorrow's inventory figures. Weekly RSI, Stochastics and MACD are all turning up. For those who've never traded NG,...
Using Wheel on other application to analysis date, turning point might happen around Jul to Nov, enter in the yellow spot, and aim for 2015 Feb @ 4.61. ideal enter at 3.5, exit at 4.5 - 4.6.