Get started

NGAS

Natural GasNatural gas is simply killing me. I left up the possible cycles just in case for some strange reason, NG dumps into mid January. But it sure does not look like its going to dump. It appears that we have started that winter rally. If this is the real winter rally, then a brief pullback would be a great opportunity to get back in this thing. NG left a large upper wick today so we will see what happens next week. I tried to apply wave analysis to NG but that looks to be a mistake. This has more to do with supply demand in cold weather. I am just going to watch this thing and see what happens to it if it does drop back to test that black trend line. If this is the start of the rally then that should last at least a month of huge gains.
NYMEX:NG1!
by SalN
1
NGAS - PREPARING FOR A MONSTER MOVE? - POTENTIAL INVERSE H&SI already posted the Weekly view of this asset on the 22nd of December (see related ideas section) and it went up to +16.50% eversince. Even though now it looks like it's coming down strongly I'm still confident that the upside potential remains (the power of structure). Will be looking for an entry at the $2.75 mark. My personal details: Long @ Entry: 2.75, SL: 2.70, TP: 3.40 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
OANDA:NATGASUSDLong
by Aqua_Trader
6
NG1! NGH2018 Natural Gas BearLooking back over previous few years price action we can see a sharp trend this time of year for natural gas futures. The technical measurement Williams%R shows a strong Bear trend is either in play or is pointing to a very strong reversal. The prior 2 days of movement NG printed a nice spike upwards followed by a strong retracement hitting new lows. This most recent retracement down was either a move to shake out long retailers or we are beginning to see new lows for NG. Keep bets small. Fibonacci retracement price level provided from most recent move.
NYMEX:NG1!Short
by j_nathan
4
Natural Gas "UGAZ DGAZ"SO we did fill the gap. I am thinking that we will touch that red line which corresponds to a couple bottoms last year. The question is whether or not we finally start the winter rally or simply set up to fill that last gap. Today a subscription that I get, had an update for XLR (the general energy ETF). Their chart showed the general energy fund dropping until January 18th. Before this came today, I was toying around with the cycle analysis tool and was trying to find a pattern in the cycles (if there were any). Not really an easy task with NG. BUT...I did have that tentative cycle showing a bottom on....coincidently....January 18th. That made me go HMMMM. Is NG going to have a very late winter rally. I think I will hold off on this trade and just watch the price action. If I am correct....THIS TIME....then NG could drop way down there and have a short by rapid winter rally. Perhaps that has something to do with the 10 to 1 reverse split for UGAZ coming up on the 20th. above is a longer term view of NG with my cycle analysis. It looks pretty fitting.
NYMEX:NG1!Short
by SalN
9