Naturalgasbuy
NGAS: LONGAll technical indicators are oversold with signs of reversal on Daily and Weekly time frames. Additionally, we touched th 200d MA and bounced off of it.
Be careful though, this might be a short lived bull run as we might fail to break 3.1 and thus create opportunity for a leg down.
Thus I will set my first target at 3.1 and wait to see if there are signs of weakness.
Dominion upward trend for couple monthsThe price is still in correction stage after post income and people are undecided. However, dividend is increased by $0.05 compared to last year and it is almost dividend date. This should push the undecided people to buy. Also I notice recently energy and natural gas company price dropped but this does not and I think this is the lowest for these few months. I should go up to $75ish before ex dividend date 3/1/2017 but may go even higher afterward. Even if it drops before or after ex-dividend date, the following month or two will be followed by a upward correction and break even at the worst case in 2 months from now. I am predicting this move base on the past waves especially the MACD line. If MACD blue line can hit zero it will continue to go up! Estimate >4% increase in price in 1-2 months.
Reurn to bull.. Long NGLong Natural Gas, most likely a start of motive wave. Target 4.410, CMP 2.939
NG1! @ daily @ best commodity (+59%) 2016 in a consolidation Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
44 COMMODITIES (2016 Yearly Performance) from Chicago, New York & London @ drive.google.com
Best regards
Aaron
Natural Gas LONG: NGAS $3.2I think NGAS hit rock bottom for now. Moving into the winter with chilli temperatures incoming and a perfect trend reversal setup (STOCHRSI and MACD) I think it is very likely we see NGAS reach $3.2 + within the next two weeks. Very crucial to whether this will occur as planned are the inventories which based on past data and future expectations should be as or lower than forecasted, which in both scenarios NGAS should rally. Usually December is not a good month for NGAS, and that's why I hesitate to leverage this trade. I entered trade at $2.75 (didn't post here because of internet issues) and have a T.P $3.285 where I as per usual take 80% partial.
Natural Gas looking strong, for now.It looks as if Nat Gas is breaking out yet again. This time it is the psychologically important $3 level. I think that looking at longer-term charts gives a target of $3.40
However, the higher these prices go, the more likely a lot of stagnant drilling comes back online. The verdict? We will go higher, and then the selling will increase again. 14 Trillion cubic feet of proven reserves in the USA alone will ensure this......
NATURAL GASSlowly but surely climbing. Building base and support line. Buy for Long term hold but resistance may be the BLACK SOLID LINE. The below Solid green line will act as support but if fails then Bear Market.
