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.
In a range 4.30-4.85 since Feb14. Seasonally strong in this period.
Just a simple chart to highlight gas price behaviour over the past four months. It looks like it will move higher but I need to find an entry point in the daily charts.
This is june natural gas Holding 4.644, trend still higher
4/23 Looking for NG,making new high. I buyed 4.75 With stop 4.5, and just keeping 10day low 5/2 closing above 4.775 would give me comfirmation.
Natural Gas price shows potential bullish pattern, which is an inverted head and shoulders' formation on the weekly chart, will be completed once the price reaches 6.430 area and breach it. Positive factors coming from the EMA50, stochastic, and the bullish trend line that carries the trading since 2012, all these factors will assist to push the price for bullish...
After the wonderful and profitable dive from 1,618 extension, it's consolidating for the last two weeks. 4.550 area was tested and price returned down but in a easy way, showing that maybe there are not that heavy sell orders nesting there. Gap closed too. Now it's coming back at the last known demand zone, where price airborned last time, creating the huge...
We have a bottle neck in nat gas supply. Until the Keystone Pipeline and other nat gas pipelines are built, this bottleneck will remain a problem. Pattern- Elliott Wave -- Inverted Ending Triangle Not too many chartist even consider an inverted ending triangle when counting EW and when looking for bullish motives. I've see many successful ending triangles...
Natural Gas futures charts looks to be setting itself up for a bigger push higher, with the current correction showing signs of confirmation..... (if the retest of the neckline is successful or if price drops to its target) Using line charts its easy to see the H&S pattern. Also compared to RSI, there is a clear divergence that was formed. Both the H&S and...
NATGAS inverted H&S confirmed. Up 10% today. Target 7.5$
Natural gas broke above the neckline of it's bullish reversed Head & Shoulders pattern. Potential is equal to the height of the formation, giving a $7.30 target.
Natgas is overbought. Possible H&S here with target 3.8. Price has to drop fast after the neck.
See old trade idea at and new video on updated projections www.fatbeetrader.com
Natgas has reached the upper parallel line on 13 Dec 2013 (Friday). Today 16 Dec 2013 has opened with a gap down. If the market continues lower below today low tomorrow this could be the sign of a change in trend. First target around 3.8.
Natgas weekly chart is showing the early stages of a possible double top. The price could drop to 2$/mmbtu wthin 6months. Specific entry on the daily chart will follow.
Still Long Ngas from August price and volume are really picking up due to colder weather. Local gas prices have jumped upwards of 30% due to demand, which can only be good for the price.
Can u spot a goldman trader millions of lightyears away. ;) Short Copper HG versus ("hedging") Long China (FXI i guess) or Shanghai Comp. www.businessinsider.com