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First Trust Natural Gas ETFFirst Trust Natural Gas ETFFirst Trust Natural Gas ETF

First Trust Natural Gas ETF

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FCG trade ideas

FCG - natural gas seasonalityNatural gas has strong seasonal trend from late Feb to Late April/early May. AMEX:FCG FCG closes the period favorable 71% of the time. I'm planning on playing this with entries between 22.33-22.77 in spread across 2/20, 2/21, 2/23, 2/29 (which have the lowest probability of a positive close for the TVC:DJI ). Targeting 26.33-29.33 for profit taking, likely on 4/2, 4/12, 4/23, and 5/2 (which have the highest probability of a positive close between April and early May). Placing a stop loss at 19.87 forecasts a risk weighted return of 7% over the 2 month period.
AMEX:FCGLong
by Ben_1148x2
Natural Gas ETF long I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20. As a disclaimer, this post and previous and future posts are my opinions only. Do not make investment decisions off of my ideas. This is not official advice.
AMEX:FCGLong
by Brandon50115
2
FCG: Potential upside is hugeWe can take a long at market, or wait for 26.09 to get hit to jump in this trade. Stops should be below 23.55 to be safe. Target the 38 handle give or take. It's worth considering this setup, specially if NGAS resumes the uptrend. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.25% on such information.
AMEX:FCGLong
by IvanLabrie
2