Still on track so far --> $BOIL Target 26.76 for 32.08% $BOIL Target 26.76 for 32.08%
Or next add level is at 13.76
So far so good… I sure do love trading Natty
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Natty
NATURAL GAS EXPLOSIVE ACCUMULATIONNatural gas has been under pressure for quite some time. As a whole, the energy sector has been beaten down severely and is historically cheap. I do not believe this will last. We can certainly have another big drop and even take out March lows but I wouldn't count on it. There are some BIG BIG BIG changes heading our way and we will look back on these days and regret not paying closer attention to energy.. Look at what's cheap.. look at what's expensive.
BTW, we're at a critical junction here. There's a 3x hidden bear divergence that has been respected on weekly timeframe. I think this could push price lower. I sure hope so. But big picture is wildly explosive.
here's a chart on XLE to XLK (energy compared to tech). What do you think is the better deal?
Natural Gas - Summer 2020As of now, expecting lots of chop within a range between $1.50 and $1.83 all Summer.
Supply is abundant and demand is slow however, bankruptcies from 25-year low prices will soon take chunks out of production and demand may have bottomed already. Hot weather forecasts in high demand states (the South and Northeast) should also pop prices. Risk to the downside is if New York starts locking down again, signalling more demand loss on the way.
Trade strategy:
Buy near the bottom of the range and sell near the top and/or on bounces from the 200 (4hr) EMA
If there is a daily close below $1.50 or some kind of big push below that level I'll close all positions.
Active trades ($QG Natural Gas E-Micro Futures):
+1 @ $1.53
Natty accumulation - drop, then rock n roll$ung $ugaz $dgaz $boil $gaz $unl $kold Make no mistake- ol natty will be quite bullish but watch for another big flush drop into this descending formation - very likely another drop before the bull can break out. Short term could be bearish.. wait patiently I may consider some UNG puts until we can break out of this.
NATGAS: Plan for 2018 into 2019Appears to be forming a flag and respecting the channel trend lines. Looking for a bounce next week (and 2 weeks) into fib/resistance ranges. The lesser probability is for the channel to break down into area of previous breakout. Currently neutral and looking for a bounce into resistance for next short position.
NATURAL GAS LONG-TERM OUTLOOK TO GO 'SHORT'I usually short term trade/swing trade so often trade support and resistance no matter market trend, this would be on 1H (1 hour) time view and below, long-term views will be depicted on the 4H (4 hours) and 1D (1day) view, like this chart.
Looking at the long-term analysis on the 4H and 1D view of natural gas, it looks like it has more or less finished an upside and headed downward some. There was possible revisit to 3.02-3.07, but market seems to be done going up for now. This is strongly supported by the evening doji star depicted on the 1D view which is a solid indication of market to head down.
I would say anywhere now is a good area to short the market, or you can look at 1HR view (intended for short-term trade) for a more suitable entry point to go short. Suitable entry point being when many indicators are corresponding a short for the 1HR view.
I suggest looking a 2.828 and 2.757 as possible exit points when shorting.
Please remember to look at what indicators are telling you if you can understand some, as they would likely help you determine whether to get in trade for a confirmed downfall. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
2018.07.31HUGE rejection right off of 2.825 (July 11 high). Bearish setups are still in play as I expect a bullish move on Wednesday and EIA report (last two reports were bullish so I expect shorts to cover a bit). As such, I expect a retest of today's highs ~2.81-2.825. I doubt natty will break 2.825 unless EIA report is extremely bullish. Therefore, I'll be looking to go short at either red line (2.825) or upper purple line (~2.813) for a break of the lower purple line and then a test of low 2.7s
GL to all!
NATGAS 2018.07.27Natty has found a strong bottom at 2.7. An important thing to note about this price is that technicals supported this price as a perfect place to bounce as it served as May's monthly bottom and strong bullish RSI divergence on the daily reflected signs of a strong possible bounce. Anyways, going-forward, regardless of weekend gap (i think we gap down based on last weeks' gap), I expect natty to test ~2.8 (top of purple trend line). Natty continued a complex consolidation here now taking the form of a bearish rising wedge with resistance ~2.8 and would be looking to short here for a possible break-down of this pattern back to 2.78 and then ~2.75. Mid-term, I expect natty to chop sideways until there are significant signs of higher CDDs.
Best of luck to you all!
Aggressive traders could try to short natural #gas now (Again)These custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
Find out more. Send Private Mail (PM) to @MasterCharts
Aggressive Traders Could Try to Short Natural Gas Now $UNG $NG_FNatural gas broke below the Red and Yellow indicator lines and should be shorted because it is in a downtrend currently
My custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts).
Find out more. Send Private Mail (PM) to @MasterCharts
NatGas - Sun of the BeachI think most of you who were trading Natty in the last few months had mentioned the title at least once or twice.
It's toying with us. So there are 2 options :
1. Get out and find some other vehicle.
2. Try to trade it somehow because the consolidation will be over sooner or later.
Those who follow me for a while know which pill I have chosen.
At the last NatGas idea I suggested a buying at or before 9/11 based on the cycles. For a few days it looked good but after a breakout of the triangle we broke down from the triangle. Triangles are screwing the cycles so it's almost impossible to trade them based on cycles.
Most probably we printed the ICL on the 4th of August and the 9th of October was a the new intermediate cycle's first daily cycle low.
When the triangle breaks up and down in a few days the pattern becomes almost impossible to trade.
I assume that commodities are in a new bull market. Natty also holding above the 2015 and 2016 yearly lows and day after day it's losing the chance to break lower. This pattern is a sign of accumulation which wants to break to the upside.(Volume is supporting the accumulation idea)
When? Maybe tomorrow , maybe next week, maybe only January. But when a consolidation like this breaks it bounces hard. So all who are not in the train will have to buy into the overbought condition or wait for the never coming pullback.
So my suggestion is here to have some kind of starting position. What I think even if we are breaking down we will not break below 2.387$.
2.387$ is 17% lower than today's price . So all who takes this trade will have to prepare for one more drawdown .There might or might not be a drawdown but if it comes I will be buying there also.
The break above the 200 SMA will be an important sign that the party is starting. Notice how the 200 SMA stopped the rally again and again. The next significant breakout above it will hold.
Instead of watching the triangle I will watch the above range from today.