NG gonna hit 3.2 due to the cold weather in east coast US. Prior, it tested the lower point of 3.08 and bounced back.
After the trendline breach, I expect a pullback to the breakout. Then a further decline to the centerline and from there potentially back north. Hunt mode on. P!
Been waiting for this line to get hit :) patience!
looking for entry point @27, stops at 25.47, exit at @29
Good entry point here. TP1: 3.58 TP2: 3.75 TP3: 3.9 SL 3.38
easy down TL makes for a great short. Tight stop at 3.43, target 3.24.
The uptrend of NGAS in the past week was a completely irrational move fueled by good news for oil. Other than that, inventories were slighly below forecasts and weather neutral. Furthemore, this rally is starting to experience exchaustion with huge spreads between bid and ask which leads to gaps--mostly to the downside. Thus, I believe that panic selling will...
NATGAS - Potencial Libra Pattern This is a good chance to Long NATGASUSD Possible scenario on the chart.
The unstoppable NGAS may have finally peaked. Tight stop at top of channel. TP1 3.4 TP2 3.3
found a H&S on the daily, targets on chart. Looking for some range/consolidation before the next leg up to the $3 seen in July, and then plummet just in time for a global warmed winter (maybe?) MAJOR KEY for long is breaking $2.87 this week or next!
Take a coffee, sit down and study this chart... Did I expected such a pullback? No way, but - it followed the rules of Nature, of Newtons law and Babsons and Andrews research. What to do from here? Bet small, however you play it. P!
I bought this Widow Maker spread where I thought it was at a low. Apparently it's lower. I sold a PUT to reduce the cost basis. Nothing to do but hold through the draw down. My cost basis is 0.210
Natural Gas contract has a $10 minimum price fluctuation. The market is giving us about 220 point move which translate into about $2,200 /contract profit here.
Intraday Trade Short: 2.58 Stop Loss: 2.6 Cover/Flip to Long: 2.47-2.5