I think we may see a rapid advance in Nat Gas here, the technical setup in $UNG paves the way for a 18.4:1 reward to risk potential trade. I'm long equity here, but you could trade this with options, or an equivalent fund in the EU or UK (if you're EU based). Futures or options on futures are also an option, but more complicated to execute with maximum efficiency....
NG should find support at 7.80 - 7.85.. It is a good entry point for a counter trend rally to 9
Short NG here looking for $6.35 initially. Trendline has broken down and NG is massively overbought.
Natural gas has been under pressure for quite some time. As a whole, the energy sector has been beaten down severely and is historically cheap. I do not believe this will last. We can certainly have another big drop and even take out March lows but I wouldn't count on it. There are some BIG BIG BIG changes heading our way and we will look back on these days...
Natural gas had made a secular low. It has also broken out of its wedge and is heading higher in the years to come.
Just looking for a bounce around 2.28 on Jan contract. read about at ngetf.com This is my first post and I need to get in the kitchen and cook some bacon and eggs. so long
Seasonality wise nat gas should rally towards $3.00 over the next few weeks.
Recently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying...
one of the best play on DGAZ when NG hits 4 again. all COLD drama will be over in a week or 2 and this will settle back to 3
Possible H&S forming on weekly
Weekly head and shoulder pattern forming with high-test on the monthly rejecting fib retraces and 50sma. Checkout full analysis here: patstrades.com
Hello, I think NATGASUSD is in for a bigger drop and report may be the catalyst . Consider the scenario. 1. It consolidated in a range for a long time 2. Made a higher but was unable to hold gains 3. Second wave up after the last report failed to make a newer high 4. It closed on channel below the channel 5. Almost half the volume on the upswings and new...
Hello, Disclaimer-I'm new to all this. This Up bar on daily had no volume compared to a previous Up bar we saw on 20 March 2017-(drawn for comparison). or 4 April 2017 I don't like to recommend anything but it's a requirement to post so , Stop loss -3.200 (if this seems too close, well it's a good placement so it'll make it clear pretty soon) Potential...
Please review notes on chart. Don't sell yourself short by containing yourself in a linear format. Price action follows a curve.
Follow up to first NGAS post.... We appear to be stalling at support (aug 16' and nov 16' lows). High probability we head back up to test the fibs and 200/250 ema to form a right shoulder. Should test Feb 16' low
Price bounced off of the upper boundary within the wedge and appears to be forming a head and shoulder pattern on the daily/weekly. We should pullback to the lower boundary and support at the 2012 and 2016 major lows before turning around and breaking out to the upside. One to watch this year!