NGAS - D/W - LONGDear traders,
Here is a new LONG signal on NGAS :
Entry : 3048
SL : 2847
Lots of TP's, see the daily chart for all of them.
TP1 : 3151 is the most important if we break it, than we can be more confident in the follow-up.
Reasons for this long : If you follow me since months, you already know I have a strong relationship with NGAS. Not that it brings me more money than other commodities, but this is a very capricious asset, and I love capricious items. Whatever, today may be the day where we finally leave our long consolidation as indicated in the blue box on weekly TF. This could be a false breakout, but as I see a very bullish concentration, it's more a question of when than will.
Trade with your own diligence,
GL HF
NGAS
Ugaz (natural gas) "short medium and long term"I never post a chart for this stuff but it is in such an incredible buying opportunity location right now that I just had to. There are so many huge gaps above and this is looking like such an easy wave count AND there has been two days of record volume in this last week alone that I cant ignore this. I really think this is at near absolute bottom. If it did not bottom on Friday then I think maybe in the next two days it could reach $8.80 range and then fly. 100% no problem.
On a side note....Oil is doing exactly what I thought it would do....give one more push up. ($54 - $55 range) I think that oil will have another couple days up as well before it starts a drop that could last a few months. GL
Long Natural GasLong b/c of seasonality as well as technicals are starting to look good. Slow Stochastic just broke above 20 and MACD is about to cross.
Full disclosure, had a horrible entry and got smacked. Looking to get my cash back.
T1- first target
T2 -2nd target
*not advice & not a pro trader