NatGas: The bear is dead, preparing to long
Price has spent ages on building a bottom.
In a time where the downward cycle was at its strongest phase, price has managed to make higher highs and higher lows, not letting the nicely built bottom down.
But we should still try to be smart. It is still not the 27th of September. That is the date I want to be long. The 28th of December the inventory report is released. I suspect that is going to be the trigger. I will monitor price action. We are almost ready, but I think waiting until early next week to take positions should be wise, then we are in for a bullish run for a while.
In a time where the downward cycle was at its strongest phase, price has managed to make higher highs and higher lows, not letting the nicely built bottom down.
But we should still try to be smart. It is still not the 27th of September. That is the date I want to be long. The 28th of December the inventory report is released. I suspect that is going to be the trigger. I will monitor price action. We are almost ready, but I think waiting until early next week to take positions should be wise, then we are in for a bullish run for a while.
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On this big fall I took my first position.
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Second tranche entered
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Today is the big day. Let's see if trendchange can occur.
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We have had sideways and down market for a very long time.
On this very date this have potential to change. We should have a strong daily candle today.
On this very date this have potential to change. We should have a strong daily candle today.
Trade active:
3rd and final position entered.
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Price backtested upper part of support zone today on the inventory report. All is looking well so far.
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Still in the support-zone, although trend didnt change fast like i wanted it to. Market seldom gives us what we want. But still in positions. Long and strong.
We all know that theta sucks during weekends anyways.