Not an asset I would recommend to trade given it's highly volatile nature, but I find this chart interesting. Last Friday's high (27/05/16) allows us to establish a trend line starting from February 2014's highs. Hard to say what might happen here, but if prices break above this trendline (resistance at $2.19) sometime in the next week or so, we'd probably see a...
Short at 2.10, SL 2.20, TP sub 1.95 (~1.87 level with trailing stop)
Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6,...
Buy NG1! for bounce off trend line support and potential break out of wedge.
Trade - Natural Gas - 4H Chart - Short Opportunity - Price action shows three 'higher' highs - MACD shows three 'lower' highs (bearish divergence) Take Profit - conservative traders may choose to take profit at the 2.04 level (possible support level based on previous price action) - aggressive traders may choose to ride the trade below 2.04 with a trailing...
Hello Traders, Similar to my CL1! and USOIL charts I posted yesterday. Chesapeake Energy formed a very similar structure. I would be interested to see how well these 3 charts correlate with one another. The charts I am referring to are found below. Best, Chartistry
Following a 2 legged correction from our previously achieved target, we're looking for trend continuation and a measured move higher. A few things suggest a move higher: 1. Positive divergence on RSI 2. An oversold (5,3,3) Stochastic that is lower than the previous pullback 3. Two legged correction to the 0.5 - 0.618 Fib retracement zone (have not closed...
Natty's bullish close above resistance offers traders well defined risk. It looks like a reasonable 1:10 risk/reward entry here with a lower volume area. The ceiling with the "value area" appears to leave plenty of room to allow prices to continue into resistance. Volume looks good; however, cumulative buying looks weak. If it remains so prices will likely...
Natural Gas Ascending Triangle. Buy at triangle trend line or wait for breakout.
As I described my thoughts on the chart.
ngas High probability for flat is expanded to 2.800
We expect buyers to enter this commodity at this price 1.795.
We have tanked past 2001 lows Looking to see if lows from 1998 and 1999 provide any kind of support to buy off
Natural Gas has given a breakout from what looks like an Ending Diagonal. One can Buy NGAS now with stoploss just below the low and targets around 1.95 / 2.15 Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com