Natural gas (24.02.14) respected our last 3 articles & almost doubled in price. Hope you all enjoyed.
Now natural gas is trading around $6.37 & as we can see on charts , this area is just below the 61.8% feb correction level of the last downside wave. As the last downside move was very ideal technical move & in respect to that current bounce should be very ideal....
Friends,
Yesterday, we warned of a probable rally into three potential targets, graded by probability. Today, WSJ mentions: "Who isn't sick of winter? Natural-gas traders: on.wsj.com We believe that some unwinding has come due ever since we hit all targets - Here is a playable review of the trade using TradingView's replay feature:
Within a few hours, all...
Natural gas (28.01.2014) traded higher as per last report expectation. However heavy profit booking before rally disturbed the levels of stop loss.
Now natural gas march future is trading around $4.810 & as we can see on charts the over bought indicators added more space after yesterday profit booking session. However the correction was limited by 38.2% feb area...
Predictive Analysis: Bullish | #NGAS #Naturalgas
4xQ'ers,
Seasonal fundamentals are lifting price to new structural heights, nearing our primary target, TG-1 = 4.877. An older target at 5.245 set on November 13th, 2013 remains in force and ever so closer.
OVERALL:
Bullish; Caution at 4.877 where consolidation is favored over reversal. TG-High = 5.245 imposes...
Natural gas respected our analysis & moved to targets as per last report. However natural gas move to higher level after that but many important hurdles kept as away for time being.
Now natural gas is trading around $4.319 & as we can see on charts the continue trading above $4.140 is indicating that the rally isn't complete & we may witness further bullishness...
Natural Gas shows a strong breakout from a triangle pattern on the daily chart. Watch for a long entry on a pullback if/when the price attempts to retest the breakout level (bullish gap). Note that breakaway gaps in most cases don't get filled.
