NorthLumberJack

Natgas Continuation of uptrend or reversal.

OANDA:NATGASUSD   CFDs on Natural Gas
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It seems that natgas is at a critical threshold of determining reversal or continuation of uptrend to meet a multi year resistance line. Large injection into storage last week may be putting a dampener on the price. I would say a good trade opportunity is coming up. Wait for break out of triangle to get a large one directional run. If timing is good you could hopefully set a stop in the green or wait it out for a larger gain.
Comment: Multi year down trendline hit, Im going to wait until end of day on wether or not to drop my long position.
Comment: I sold my long position , and went full short positin.
Comment: Short position doing very well
NG1! futures was more acurate charting pattern, it did exactly as I predicted here as its downtrend line was higher.
Riding natty down until bullish daily candles appears.
You still short ?
Good call on the long wick at resistance!
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NorthLumberJack mathieu.chartier27
@mathieu.chartier27, I am still short, underwater a bit. Not sure If Ill hedge long today or not, will see price action until end of day.
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mathieu.chartier27 NorthLumberJack
@NorthLumberJack, Thanks for your reply, I'm short from 3.31, The 4hr & daily chart show majors bearish divergence. Patience is key.
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NorthLumberJack mathieu.chartier27
@mathieu.chartier27, you still short?, Im looking to re enter short soon here.
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mathieu.chartier27 NorthLumberJack
@NorthLumberJack,
I did close my position. For now, un waiting !
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NorthLumberJack mathieu.chartier27
@mathieu.chartier27, same here, I just closed
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mathieu.chartier27 NorthLumberJack
@NorthLumberJack, Short from 3.28, look to TP @ 3.13 just before the sunday gap.
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