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.
I went long NG 2.26 Looking for momentum to continue into 11/16/2015
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.
20151027 bought UGAZ 20151028 before market open NGAS went up to 10% I said wow I`ll make a lot of money believing UGAZ will go up 30% instead it went down 10% that is 40% gap due to option someone said on chat nice trap
Retest of Break below 2.25ish. Then short. Warm winter is supposed to happen this year. High inventories. Possible Rising of USD Production will not slow much as companies have debt obligations to make. My main concern is that natural gas traded historically between $1-$5 so based on that range buying at two sounds like a pretty good option even before you take...
possible bearish shark on NGAS within 3% of perfect ratios projected target price at D 3.01$ forming near a doublle bottom with last low on april comments are welcome (espescially if you see some bullish signals)
$NG_F weekly chart. Two reversal theories in play, one is an inverse H&S the other, more likely, is a double bottom.
NG monthly (very slow) chart. MACD, Stochs, Fibonacci, MAs all suggest a substantial upside move upcoming.