NATGAS.PRO.OTMS trade ideas
NATURAL GAS...BURN BABY BURN!Nat gas continues to show some short term weakness.
Its now shaping up based off an RSI divergence that Nat gas could make new lows.
The fact that we had a bearish crossover of the 7 MA & 20 MA is never a good sign.
Sellers clearly took control over price and forced it back below the neckline.
The 100% downside move of the head & shoulders that triggered over a year ago is about $0.70
GAS is almost ready for the next moveEurope is full with gas, and the winter is soft, and blah blah blah.
Let's see through technical glasses, 0.886 level is strong level, I expect that gas will reach it, mot probably even brake it, and afterwards we seek for golden pocket and 0.5 fib.
Support and resistance, baby!
Natural gas bottom in? Producer PPI came in at 2x anticipated!Here we see a higher low with a bullish engulfing at historic lows, with the catalyst of The Producer Price Index coming in at twice of what was anticipated. It would be nice to let the day close as an engulfing, though I am in pre-emptively. I have honestly no idea at this point where I intend to exit as I think this low may be in for quite some time, we shall see. Stop loss can be set below swing low or even todays low dependant on your risk tolerance and margin. We can also note that the momentum reversal indicator is about to turn into further positive territory.
Natural Gass PredictionsLooking for potential pivot points at the shapes. I marked some examples from the past. I have an interest in the marked date of 1 Feb '24 (Red Star) and another big event that might happen on this drawing. I am also interested to see if the market goes out of the boundaries marked at 1.45 and 3.666.
Gas touches its lowest level = long-term bullish marketGreetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
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I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
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NATURALGAS - Pump Then Dump 🤔NATURALGAS
This is perhaps now the only major asset that we cover that I think perhaps is yet to bottom.
But it looks like it is setting up for a pump.
Ascending wedges are generally bearish but Nat Gas is so wild that it will often pump hard first before dumping down and down.
This is a difficult call but I think that we have not yet seen Wyckoff ST Secondary Test to re-test the low and perhaps hit my lower target on Nat Gas Futures 👍.
Natgas . Long-term idea. Risk reward is great !I start to buy some options with 2 year expiration
They are hot right now
Even on Friday when gas dropped a little bit - I saw a big demand for 2026 options
Start from small position right here
Not a spec idea, very long-term,
For people which will not close an position after 5% drop XD
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