I am bear short term, bull long term... I opened shorts too early, it looks like it may hit 3.00+ before another correction. I was hoping to be able to open a long term Long at, or below 2.50 but based on my chart.. the current bull isn't done yet.
Resistance at 3.10 with potential to head back to low levels see back in the early 90's.
NAtural Gas is coming back from the historical minimums but looks like growing potential is limited. NGAS has already climbed almost 70% since March! A fibo level 261.80% of W5 may become a top here. Will try a short from this level (2.838), targeting 2.160 figures. SL: 3 figures
If the current daily candle hold below the trendline shown in the chart..the downside target could be huge
Neutral for now until showing down trend confirmation. Strange how it's higher this time of year for the rest of the world vs norther areas (such as north US shown blocked here).
Haven't posted a natty count in a while. While the bearish count target for wave (v) of 5 is unchanged, wave (iv) did come significantly higher than I anticipated. Credit to the experts at www.ElliottWaveTrader.net for giving me the idea to consider the bullish alternative shown in green. The structure of green wave i of (iii) through April isn't quite to my...
Good entry at 2.516 Then you can choose to have SL at 2.772 or 3.092. I would recommend the 2.772 which is risk effective as you can see trend is up. TP1 1.948 TP2 1.609 And as you can see as price will consolidate at point D the RSI will likely to consolidate at an overbought state which make this setup high probable trade. Trade with care Thanks
Shorting opportunity for NG!
Really nice setup going on here. If it gaps above thiss line that would be the ultimate confirmation. I am pretty long NGAS for the moment though like other commods.
Hi, the bullish momentum is still strong but the price is going to converge with a massive Supply Level. I will wait to sell high, IF this will be possible of course. Thank you Girolamo Aloe - profiting.me
the Dollar has been beaten up lately, but it is poised to come back strong in the next day. The notes are on the chart. If any of my trend lines get broken, this idea is invalidated. I believe that this increase will coincide w/ a strong decrease in Gold, Oil, Nat Gas, and S&P. I will try to release those near term forecasts tonight.
Hi, #NGAS is very interesting in this moment, it is converging to supply with a very strong bullish momentum. This makes the financial instrument appetibile for a sell opportunity in relation with the risk of course. Thank you Girolamo Aloe - profiting.me