Looking indicators weekly and monthly all positive for me but the real timing is maybe one another step ahead to the apex of main triangle around july 28th on graphic
Possible Natural Gas breakout of a triangle bottom. I find bottom wedges are always tricky (i.e is it a bull flag, or a bear flag?) so a tight stop is in order. Also bullish RSI breakout, and MACD crossing to the upside.
I personally use a trailing stop, using the wedges trend-line as a guide.
I have a triangle target of 3.20 here, but if you are confident in...
Natural Gas (NG) bullish scenario. If 06Jul15 gap is filled the open short position at 2.730 (-1) should be inverted with (+2) orders. In this case a abullish ABC pattern could develop with 1st target on the median line (3.060). This could be the beginning of a major bull run. Probability: H
Asymetrical triangle is a both way market trend possibilities, with RSI value, we should go for most probably part. But, RSI and Candle stick will confirm, so wait for good break out possibilities.
Natural Gas (NG) gap down on 06July15 will be probably followed by few days of consolidation below the upper parallel. Thursday inventory report could trigger the sell order below 2.730 with target objective 2.580. Monitor. Probabilty = M
First I draw a major trending line starting on early 2014 touching a high point on November 2014.
Second, I draw another trending line touching 3 points: on early 2015, May 2015 and on last week high.
These 2 lines are making a focus point near 2.90$ on early July.
Then I draw symetric triangle with upper trending line starting around mid May and touching last...
" Naturel Gas demand will decline"
American revolution "shale gas", "gas" leads to falling prices. Only this I say, he usually available in markets where there are plenty of American shale gas. Of natural gas in the Far East market price of the reason for the high price is due to the oil depends on the liquefied natural gas in the Far East market (LNG) prices are...
