Ng!1
SHORT NATURAL GASShort Natural Gas at current levels to trade the 5th wave.
Structure gets invalidated if close above 2.1
Target 1 - 1.69
Target 2 - 1.62
SPY QQQ IWM DIA Avg. vs.NG_F CL_F Avg. #SPY #QQQ #IWM #DIA avg. vs.#NG_F #CL_F avg. Note divergence and trend flow. Cycle 'revergence' initiating.
NG - Natural Gasgo long NG, but if we have a daily close below the base of the triangle, we are out...
Sentiment is extremely negative, traders are long at historical levels, and seasonality is helping... BUT we only want to be long above 2.70 aprox...
Natural Gas Major Pivot PointHi Traders,
The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend.
The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that should be completed at the beginning of the week.
At weekly and daily level, this is the very end of a major A-B-C retracement.
TARGETS
first down to the area 3515-3475
then up to the area 4163-4187
Cheers. Mario D. Conti
au.linkedin.com/in/sydneytraders/
UGAZ Natural Gas 3x Velocity SharesI am basing this technical study based off last years september cycle. Simple pattern autocorrelation.
NG Long from End of 2014 until 2015 FebUsing Wheel on other application to analysis date, turning point might happen around Jul to Nov, enter in the yellow spot, and aim for 2015 Feb @ 4.61. ideal enter at 3.5, exit at 4.5 - 4.6.
