Startring to short natural gasNatural gas was off my radar for obvious reasons. I am starting to think it is getting ridiculously over priced and perhaps some noob hedgefunds have been already short squeezed or in the process of being squeezed.
My plan is to short now (3% at my portfolio) and if we go the the next resistance, around 8.5$ I will commit another 3%.
Target take profit around 5$.
I mean the war can go on for a long time. But then we have the summer and I have some hopes by the May 9th, where the Russians have their parade they will say we have won the war and end it :)
NOT A FINANCIAL ADVICE
Natgas
NatGas UpHey.
NatGas, I'm betting that it goes up again after a little retracement. As far as I'm aware, there is still bullish sentiment on US Natural Gas, given the macroeconomic situation with Russia and everything.
God bless, and safe trading!
Remember, taking a bet in trading is okay, as long as you keep your stop losses tight. No need to lose your whole wallet on a single trade.
Peace out, in Jesus' name.
Disclaimer: I do not swear to abide by Tradingview's "House Rules", and therefore I won't be mad if my idea is hidden. I will never swear on anything, because Jesus told us not to.
I simply want to publish my idea.
Nat Gas Should Hold Support @ $6.5The natural gas market has been supply constrained ever since the Russian ukraine war started. The war is significant to the natural gas market because Russia is the worlds 2nd largest producer of natural gas. Russia also holds 20% of the worlds natural gas reserves. NAT GAS is trading above a crucial 10 year resistance level around $6.5, we broke this level around April 13th. Since breaking that level we saw NAT GAS trade up to $6.5, now we are seeing NAT GAS come back down to this level, I believe we see this $6.5 level hold and NAT GAS move higher
NATURAL GAS 📉📉📉Expecting bullish price action on this pair but simply on a fundamental reason, price tapped on 7.0$ institional figure taking out some retail stops below this price area and for now we are going for the ATH - ALL TIME HIGH.
What do you think ? Comment below..
WTI oil - The EU ban on Russian oil risks higher pricesRecently, we stated that USOIL has bottomed out and is due to drift lower during the rest of the year. We continue to maintain this stance. However, over the past few days, there has been an increase in talks about the EU ban on Russian oil. Indeed, several media outlets reported that the EU is about to proceed with this step. Though, it is just a rumor at the moment. But if the EU manages to ban Russian oil, it will force us to abandon bearish bias for USOIL. Actually, in such a case, we think the oil ban would revive the rally and drag prices higher, possibly reaching a new high.
Illustration 1.01
The picture above shows USOIL on the daily time frame. It also shows the resistance at a slope (white line) and the bullish breakout above it (indicated by the yellow arrow). We will look for a potential breakdown in price and invalidation of the bullish breakout.
Technical analysis - daily time frame
RSI and MACD are bearish. However, MACD is trying to break above 0 points into the bullish zone. If it manages to do so, it will bolster the case for USOIL. Stochastic reversed to the upside and points in the bullish direction. DM+ and DM- show bearish conditions in the market. However, ADX contains a low value, indicating no significant trend. Overall, the daily time frame is neutral.
Technical analysis - weekly time frame
RSI started to flatten recently. However, its bearish structure remains intact. MACD is in the bullish zone; however, it began to decline first and then flatten. Stochastic is bearish. DM+ and DM- signal bullish conditions in the market. ADX declines, which suggests that the prior bullish trend of a higher degree is weakening. Overall, the weekly time frame is neutral.
Illustration 1.02
The picture above portrays the weekly RSI of USOIL. The bearish structure can be seen intact.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NATGAS D4: 250%+ gains BEST level to BUY/HOLD (SL/TP)(NEW)Why get subbed to to me on Tradingview?
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-Supply/Demand Zones
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NATGAS D4: 250%+ gains BEST level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: NATGAS monthly price chart review
::: chart looks strong / favors BULLS
::: natural gas STRONG BULL MARKET
::: 200% upside from current level
::: massive breakout in progress
::: expanding triangle bottom formation
::: we just got a clean breakout of the pattern
::: best strategy: MARKET BUY/HOLD IT
::: best reload BULLS:MARKET BUY NOW
::: TP bulls is 250% gains final TP 17.50 USD
::: we are currently entering commodities super cycle
::: prices are set to increase 100-300% over next 24 months
::: speculative setup always do your own due dill
::: fresh liquidity will be targeted by BULLS
::: BUY/HOLD setup do not expect miracle/fast gains
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/SUPERCYCLE
::: Sentiment outlook short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Apr 17, 22 - NG Hitting ATH AgainI'm OUT! Crazy how high NG is going so I pulled the plus and got out of my losing trade.
As I said on Friday's post update, I will see how Sun night and Mon goes but if it keeps going up I will probably exit around 7.5 - that's what I did.
I won't be getting into a SELL position anytime soon - NG has to have some serious downdraft in order for me to get back in.
Meanwhile, my Wheat Buy Order is doing well so I will focus over there for now.
I will keep you updated on any other trades I do.
Heiko
Natural Gas (NATGASUSD): Key High Ahead! What is Next?! 💨
Technical analysis on Natural Gas.
Potential scenarios & things to watch.
Structure analysis & thoughts.
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Apr 5, 22 Natural Gas Sell Order @ 6I'm hoping this is it for NG's run up. 6 is a nice even number but who knows, could keep going up with the war and Russia's threats. There is some Support at 5.6, then again at 5.3 but I'm hoping it will plummet down to 5 at least as NG is so overpriced now.
Stay safe
Heiko