NG NatGas: Down to the centerlineAfter the trendline breach, I expect a pullback to the breakout.
Then a further decline to the centerline and from there potentially back north.
Hunt mode on.
P!
Ng!1
Natural Gas short: FakeyThe uptrend of NGAS in the past week was a completely irrational move fueled by good news for oil. Other than that, inventories were slighly below forecasts and weather neutral. Furthemore, this rally is starting to experience exchaustion with huge spreads between bid and ask which leads to gaps--mostly to the downside. Thus, I believe that panic selling will follow; and as we know panic selling of NGAS is an amazing opportunity to short. I entered short at $3.5 and will hold till STOCH RSI bottoms, where I will try to long as I think NGAS has potential upside.
NATGAS - Libra Pattern ?NATGAS - Potencial Libra Pattern
This is a good chance to Long NATGASUSD
Possible scenario on the chart.
NGAS short termThe unstoppable NGAS may have finally peaked. Tight stop at top of channel.
TP1 3.4
TP2 3.3
POSSIBLE NG UNTIL 2017found a H&S on the daily, targets on chart. Looking for some range/consolidation before the next leg up to the $3 seen in July, and then plummet just in time for a global warmed winter (maybe?)
MAJOR KEY for long is breaking $2.87 this week or next!
NG - Nat.Gas - Newton, Babson, Andrews...they where right...Take a coffee, sit down and study this chart...
Did I expected such a pullback?
No way, but - it followed the rules of Nature, of Newtons law and Babsons and Andrews research.
What to do from here?
Bet small, however you play it.
P!
Widow Maker Spread 2017I bought this Widow Maker spread where I thought it was at a low. Apparently it's lower. I sold a PUT to reduce the cost basis.
Nothing to do but hold through the draw down.
My cost basis is 0.210
Good Long Opp!Natural Gas contract has a $10 minimum price fluctuation. The market is giving us about 220 point move which translate into about $2,200 /contract profit here.
Natural Gas (Henry Hub) Short-Term PullbackIntraday Trade
Short: 2.58
Stop Loss: 2.6
Cover/Flip to Long: 2.47-2.5
Natural gas rise aheadNatural gas is forming one last advance here as wave v and highly predicted to make a new top.
NG - NatGas approaching 3.10...but first, the pullback to the A/R & U-MLH.
P!
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