NGAS Waiting for a Sell Opportunity We can look for short opportunity if the price retest the FIBO 0.618 level near 123 pattern KEY level, just WAITING 4 CONFIRMATION - Pullbacksell!
Good Luck!!!!
Ngasshort
NG ShortHello,
Disclaimer-I'm new to all this.
This Up bar on daily had no volume compared to a previous Up bar we saw on 20 March 2017-(drawn for comparison). or 4 April 2017
I don't like to recommend anything but it's a requirement to post so ,
Stop loss -3.200 (if this seems too close, well it's a good placement so it'll make it clear pretty soon)
Potential loss of 360$ for gain of $1780 give or take commissions
Profit target is 2.986
That's it. I keep it simple.
Please trade accordingly.
Natural Gas Analysis April Week IIIWe have highlighted our Ideal Entry, Ideal Stop Loss, Ideal Targets (1-3) and Ideal Exit. We have highlighted a counter trend position for those brave souls out there. We would love to hear your feedback. Follow us on Trading View & Twitter twitter.com .
NGAS: LONGAll technical indicators are oversold with signs of reversal on Daily and Weekly time frames. Additionally, we touched th 200d MA and bounced off of it.
Be careful though, this might be a short lived bull run as we might fail to break 3.1 and thus create opportunity for a leg down.
Thus I will set my first target at 3.1 and wait to see if there are signs of weakness.
Possible big NG explosion upwards.Three touches on each side of the wedge, perfectly touched the uptrend line, as well as a storage report coming out after market close tomorrow. Due to falling wedge and bull price action since last march i am leaning long-side here, but do your own due diligence and watch the movement after the report. If price takes off upwards i would expect quite the move here.
NGAS: Soon there will be a possibility for a long positionBased on Daily and Weekly technical analysis as well as fundamental I think there is a possible trade to the long side for NGAS in the upcoming weeks. I will post a more in-depth analysis when I see a window to enter the trade. For now I am keeping some cash to be ready.
NG is at risk NG breaks 3.1 level and is likely to gap down again if it could not pick up the momentum. Partially it's due the warm whether forecasting this winter. If NG lost 3.1 strong support, it might even go down to 2.9, 2.68 and 2.55 for the next step
NYMEX:NG1!
Natural Gas short: FakeyThe uptrend of NGAS in the past week was a completely irrational move fueled by good news for oil. Other than that, inventories were slighly below forecasts and weather neutral. Furthemore, this rally is starting to experience exchaustion with huge spreads between bid and ask which leads to gaps--mostly to the downside. Thus, I believe that panic selling will follow; and as we know panic selling of NGAS is an amazing opportunity to short. I entered short at $3.5 and will hold till STOCH RSI bottoms, where I will try to long as I think NGAS has potential upside.
Natural Gas SHORT: December is ComingFriday I started selling my position in NGAS. Whilst I do expect further movement up, I think that there may be a possibility for some profit in the short side. That's because the upper BB did not seem to widen when the price reached it. This is a very common sign of NGAS reversing. Furthermore, the STOCH RSI look like not much upside is available. The MACD is still bearish but soon to reverse. I WILL NOT BE TAKING A SHORT position right now, but will wait for signs of reversal (retrace). There have been times when NGAS exploded after reaching a resistance. Thus, I will adding to short from 3.2-3.18 and only if indicators signal a selloff.
Every rebound is a chance to build a positionIn the previous days a pattern has been observed where in the beginning of the day, NG tend upwards but around 10-11 a.m (BST) when volume starts picking up there is a reversal and the downside begins for the day. Thus, I think that every move before this time is just an opportunity to build a position. For those unable to trade futures - even more since DGAZ opened pre-market with an unsymmetrical drop to its increase in the previous days thus making it relatively cheaper to options with more promising returns.
NGAS - Head & Shoulders BreakoutAs 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!
Natural Gas (Henry Hub) Short-Term PullbackIntraday Trade
Short: 2.58
Stop Loss: 2.6
Cover/Flip to Long: 2.47-2.5
NG possible target area
If the current daily candle hold below the trendline shown in the chart..the downside target could be huge
#NGAS- UPDATE- SHORTS INTO THE BOTTOM OF THE RANGE TO MEAN #GASTraders,
UPDATE: We've had a great downside move since I posted recently. Had a very nice bearish move, and still holding confidently.
An update on my previous NGAS idea. Well to anyone in my signals group who caught this one, we made some great money, hit our target and did great. Was a fantastic trade.
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Thanks for your support,
Tom
NGAS SELLNew sell, in context of our buy from yesterday, price rejected top price at 1.836, risky sell, we may get a bounce at B.
