The $NG daily has been doing battle with the 50dsma for 8 months. The falling wedge is about to explode to the upside.
The natural gas daily has been unsuccessfully trying to beat the 50dsma for 5 months now. A gap up may be needed to beat the 50 and the falling wedge.
Currently in trade Holding... didn't get it at bottom, but still it was a good entry point
PT1 43.05. this is an inverted h&s within a shoulder of another inverted h&s ... PT2 52.07
Shares of 3x Bull Natural Gas Related Equities ETF is trading just above a symmetrical triangle on above average volume following 3-months of sideways consolidation at the lows.
The market seemed to shrug off the initial drop in energy. As of late it seems much more correlated
I am betting that the market reverses when crude tops
Started a position in GASL on Friday. Will add on strength
Hi Traders, Natural Gas (now at 3800) started a major uptrend as 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1". As you can see by the 2-hours chart above we're still plenty of time to get on board for a long position. ELLIOTT WAVES The letter "C" at the...
Weather, Trends, Flag pole formation point to more downside in November. Going to start a long position at $3.55, then add at $3.46, $3.55 and at 3.21 if it gets there. This is my first time trading Natural gas so wish me luck