Natural Gas (MCX) Price Note: This is not SEBI registered. This is only for educational purpose
NG(MCX)- August analysis:
Trend: Bullish (if price remains above 198)
Long:
Buy above 198
Target1- 211
Target2- 220
Stop loss: 196
NG2!
Natural Gas (MCX) Price Note: This is not SEBI registered. This is only for educational purpose
NG(MCX)- August analysis:
Trend: Bullish (if price remains above 198)
Long:
Buy above 198
Target1- 211
Target2- 220
Stop loss: 196
natural gas with 99-01 years superpositionNatural gas has formed structure alike his own model 99-01 years.
So i added it with the slightly different time offset.
Also we gain big cycle end and the minimum(which in 1.8-2.1 range) by the march-may of 2023 (started in February 16).
Maybe i'll add in comments big picture with the cycles overview as i see it.
i'm (as always) so stupidi have this shit circles(H&S) on my chart since a wile, yesterday i set a sell order at 5.55, and 10 min later i canceled it because of lack of confidence. i think ti will retrace to 5.46, but at this point it's just too risky entering, the perfect entry was yesterday.
will look for buy opportunities AFTER the bounce, could find floor at 4.80ish
NATURAL GAS PRICE RANGE.. NEXT MONTH CONTRACT.. NYMEXHi,
Natural gas next month contract future price range going steady, and also parallel move..
May be next day will be the same price range .. 2 to 3 percentage..
I think good time for Buy...
Shorting UGAZ - The Dangers and controlling the risk, Part 3This is a supplemental chart to the following post:
Part 3 - How to Protect - Cover the Position
ngetf.com
This article is a continuation of a series where I've been exploring options to improve upon the idea of shorting UGAZ. Rather than just short the ETF alone and protect against a move backward, I am looking for a way to cover the short position by taking on a spread instead. The chart included isn't much for details this time. Most of my results are shared in Google Sheets. These documents can be found in the article linked above. The previous articles can be found at NGETF.com/notes.
Thanks, and I hope you find some of this data useful
Oldinvestor
A sharp drop is coming soonNatural gas reached 3.295 today, upped 19% in a month. It just the beginning of October, the weather is going mild in the next two or three weeks. So we will probably have another two or three weeks injections before the real winter coming. So i think it's still too early to chase that high, and the bulls are facing extremely high risk. Technically, we have already filled the gap at 3.295. MACD is over brought and nearly cross over. RSI is in over brought area. So i think the Natural Gas is facing a sudden correction before the winter.
Natural Gas - Making movesWith consistence demand and winter approaching it seems NG1! is about to make it moves. Make sure you are on right side of NG1! Chart is just an idea. Let's see where it goes.
UPDATE: NGAS ShortWARNING: Tomorrow is a massively important day for short holders. Firstly it is important to note that there is very big spread between December ($3.066) and current contracts. Furthermore, tomorrow invontory data is released. If you see December contracts gapping down tomorrow that is a very bearish sign and could indicate that there is a short opportunity regarding the data. If we don't see a spread close, then we should all be extremely careful and exit immediately if data is positive as it will mean that NGAS will ride back to first resistance and trend higher for the days to come. At which point a short could be a possible trade to ride it back down.
