Natural Gas in seasonally slightly bearish, the dec16-dec17 spread is showing a lot of weakness compared to the spot price. I'm short from around 2.9 looking for 2.75 and we'll see from there.
It appears that NGAS is in the perfect upward reversal pattern, except it hasn't broken the neckline and there is bearish div on the upper hourlies and daily. also, the waves and momentums have not broken into any new uptrends lately and it doesn't look like they will. That tells me that there is a pullback before NGAS goes well into the $3s (and likely...
Pretty looking short set up. Already short both WTI and NGAS
Bull flag forming on NG1! daily chart. Price consolidated in that pattern between 2 weekly zones and when it finally broke, bull momentum slowed and profit taking occurred. I expect a retest on the upper channel before a charge to the 3.0 level. This is one of those text book flag-retest setup Opportunities to swing trade this commodity have been far and...
USOIL started wave C of 2 and targets lower levels. Refer to the chart for trading guide. Cheers!
We have a low risk long opportunity in NGAS here, my signals clients and me have entered longs here, and will look to add and manage it as the setup evolves. There's a chance for the weekly to fire a strong uptrend, which would open up room to hit 3.23 in the coming weeks. Let's see how it goes. Good luck, Ivan Labrie. PD: I'll reduce the amount of posts that...
As per the chart showing, Natural Gas broke the H&S neckline and the uptrend. RSI also broke the uptrend. So NGAS should be now heading for target 2.670. Cheers!
Got stopped at 40 yesterday. Following NGAS movements tomorrow.. EIA NGAS report coming out... if we are bull, I re-enter regardless the price.
what you think move to down because of news about stone gas and russian
My analysis on this instrument on what i think its gonna do in the next weeks.
Short from 2.815 and follow for more.