Nat Gas poised for a bounce / Oil to $40/barrel
Updated
Close as of Friday $2.73 a share
My entry is at $2.67 a share
I'm setting my S/L @ 2.56 a share (risking about 5%).. looking for about 20% upside in next 30 days. Could see some more consolidation early in the week but its poised to break up or down..
Areas of support $2.58-$2.61
PT #1 - $2.95 - $2.98
PT #2 - $3.16 - $3.19 - Highest probability short term target
PT #3 - $3.34
Other area of support / resistance are $2.85
If Nat gas and oil continue to be bullish on good volume i'll investigate more into lower PT's.
PT #3 - $3.59 - $3.62
PT #4 - $3.89 - $3.99
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My entry is at $2.67 a share
I'm setting my S/L @ 2.56 a share (risking about 5%).. looking for about 20% upside in next 30 days. Could see some more consolidation early in the week but its poised to break up or down..
Areas of support $2.58-$2.61
PT #1 - $2.95 - $2.98
PT #2 - $3.16 - $3.19 - Highest probability short term target
PT #3 - $3.34
Other area of support / resistance are $2.85
If Nat gas and oil continue to be bullish on good volume i'll investigate more into lower PT's.
PT #3 - $3.59 - $3.62
PT #4 - $3.89 - $3.99
Like and follow me if you see value in my analysis! :)
Note
Great entry now.Note
Don't see it sitting here at 2.71 - 2.73 much longer, breaking up or down.Note
Consolidation continuesNote
Interesting to see where this one goes. Will S/L at $2.56Note
Seems to always find its way back to 2.70... further consolidating. Going to coil like a springNote
Debating selling at break even now, think market might pull back 1-2 % tomorrow to consolidate.Note
Trade is still active, rinsed for lower CB.Trade active
Targets 1 & 2 reachedTrade closed: target reached
Targets were reached :D
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