NATTY is extremely overextended and finds itself on the 0.5 Fib retracement after accumulating a substantial bearish divergence on the 4hr. After breaking out of the cup & handle, it has yet retested those areas which it will IMHO. NATTY often peaks in the middle of May which is often followed my strong consolidation into May, before it really gets going in June/July.
Quite clear H&S shoulder pattern has developed on NATTY which began accumulating at the beginning of March of this year. The green rectangle is the base of the massive accumulation zone which has acted as support previously, now turned resistance. There's been 2 prior attempts at breaking through, on the third, it broke but wasn't able to hold. The target...
Natty is a slang term for 'natural gas' or natural gas futures. Natural gas is among the most-volatile commodities, especially in contracts for prompt delivery. A big reason why is the demand for natural gas varies considerably based on the weather as it's primarily a heating fuel; though it's increasingly used in electricity production and that can also make it...
Natural Gas has recorded a negative bearish divergence on the 4hr which I believe is the sign of a correction to retest the green base below. It had fired on all of it's cylinders yesterday which I believe was a dead cat bounce removing as many short sellers as possible. Shorting this time of year usually means commission from your broker - mine is offering 3%...
In late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle. Oil - A New Long Leg Down Soon Begins I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week. Thus far in some 7 weeks of...
We've seen NATTY with a similar but a larger set up prior to the huge bullish movement from 2020 to 2022. I believe that we'll see a retest of the 2.400 area before making it's move higher. Let me know what you think.
H&S Pattern has developed on natty with a potential 12% drop for some huge gains. Once broken and retested, I would put a put order in until the targeted area, until then we wait and watch.
Huge sell of occurred after breaking it's previous support, turned resistance. I'd be looking to buy of the resistance @ around 2.050 with the aim of it reaching the broken support. If it finds resistance there then we might see a H&S pattern emerge which could be severely bloody. With recession peaking over the corner, this could well play out. Just my...
Seasonally, April is on average a bullish month for Natural Gas and looks to have set up for a similar outcome this year. It has made a huge double bottom on the daily with a extreme bullish RSI divergence and you can see a similar positive RSI set up on the hourly and the 4 hour chart as presented in my post. My target is modest 3 which would is the most...
BLS INTERNATIONAL GOOD FOR SWING TRADING This stock is support the moving average 44 and trendline so it is a good stock to buy 1st target=246 2nd target= 262 Stop loss=219
$UNG Analysis, Key levels & Targets NatGas is starting to look very interesting again… what a monster drop today, though!! I will be looking to get into a position tomorrow… I’ll update here with whatever long position I end up taking… I love trading natgas and it has been too long… —- I am not your financial advisor. Watch my setups first before you jump...
$3 off the chased highs... plenty o' baggies looking for $10. Oops - surprise, rug pull. Could not have happened to a nicer bunch, completely cock sure the moon was within reach. Nope, Asteroid belt collisions saw to the demise of the SPEC, the CTFC even had all the clues one would ever need. But they know it all gassy traders ended up with tears for fears...
NEW POSITION $KOLD Target 13.26 for 14.11% Back in KOLD at the moment… in at 11.62 Sell Target - 13.26 for 14.11% Or Double Position at 9.98 GL If you're a NatGas Trader I'd love to hear your opinion on where it's headed!!
Based on simple price action TA, we can see price trying to go up slowly caused by not enough cold weather on next weeks. 4$ is a clear resistance but I am just aiming the leg up this move. Like and share thanks !
$KOLD LET’S GO I mean it this time. Nat Gas can't hold over 4 for that long? 😬 right?