Short
NATURAL GAS - NatGas - short
As said before the "pausa" for Pull Back .. this is not an easy trade.
All the world think about an increase of energetics price for the winter but based on technical point in this moment we cannot confirm that.
The pull back .. until this moment was really short.. without "energy" .. and arrived only to 0,38 of thirt wave.. this let me to think that probably the short momentum is not completed.
Before I wrote and now confirm that:
1) COT report say that non commercial are short (with increase)
2) Europe has completed the "stock" for this winter
3) Europe has created a big plan to reduce the electricity consumption
4) USA has a short possibilities for increase the natural gas export at least for the next one mounths
5) The petroil cost are decrease and could be more convenient that GAS
---
From TA we have still on going the big H&S and a little bit H&S in this last movement.. so all this with technical wave analysis suggest a short continuation ...
Stop Over the 7,2$
Trade safe.. always
All the world think about an increase of energetics price for the winter but based on technical point in this moment we cannot confirm that.
The pull back .. until this moment was really short.. without "energy" .. and arrived only to 0,38 of thirt wave.. this let me to think that probably the short momentum is not completed.
Before I wrote and now confirm that:
1) COT report say that non commercial are short (with increase)
2) Europe has completed the "stock" for this winter
3) Europe has created a big plan to reduce the electricity consumption
4) USA has a short possibilities for increase the natural gas export at least for the next one mounths
5) The petroil cost are decrease and could be more convenient that GAS
---
From TA we have still on going the big H&S and a little bit H&S in this last movement.. so all this with technical wave analysis suggest a short continuation ...
Stop Over the 7,2$
Trade safe.. always
Note
Note
First target triple bottom hit.. now we will attend the breakout of supportNote
Hit area 1.16 ... go down until H&S target? potential Note
1.16 and more hit.. correction for wave 4 could be on going
Trade closed: target reached
H&S target Hittrailing profit on going
1300 points gain
now ... attend pull back before a new trade
Trade active
pull back completed? Option ) we are in B of pull back
Option 2) pull back completed and we are in wave 5 final
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.