NG monthly (very slow) chart. MACD, Stochs, Fibonacci, MAs all suggest a substantial upside move upcoming.
Yes, I know this is crazy busy, but the only way I can get a feel for this animal. Using trend, SMAs, in particular the 100sma, and Fibonacci, I'm guessing a winter peak at ~4.65 in March 2016. In order for this to pan out the price is going to have to start escalating very, very soon. If not, I'll remain lost and look for one of you to set me straight... I've...
NATTY generating compression ON BEARISH SIDE!
All 2015 dancing just over the second Distribution band. Mmm...
Broke trend line and remains above it. Three days back and for digested previous gains. Is primed to move to 3.06 provided it takes out 2.29 with conviction. Immediate warm weather forecast is supportive.
Have been long last 2 weeks. Assessing daily. 50 D MA is next, at a minimum needs to flatten
Natural Gas is breaking above a descending triangle resistance line on the weekly chart, and together with the bottoming RSI, Stochastics and MACD, appears to have a decent chance at targeting downchannel resistance around 3.5 in the next few months. The 2.5 level reached last week is not only a round psychologically important key figure but also acted as a pivot...
Weather, Trends, Flag pole formation point to more downside in November. Going to start a long position at $3.55, then add at $3.46, $3.55 and at 3.21 if it gets there. This is my first time trading Natural gas so wish me luck
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,...
Recent consolidation of last 3 weeks or looks good for the next upmove till $4 which is the upper end of the parallel channel - beyond which natural gas looks bullish till $4.3. Will review it in next few days?
I am basing this technical study based off last years september cycle. Simple pattern autocorrelation.