chartwatchers
Long

NatGas - Winter is coming

OANDA:NATGASUSD   Natural Gas
2076 23 39
Though I don't think winter will have any effect on Natty now looks like we will have higher NatGAs prices during winter.
We have a daily swing today.
We tagged the 200 SMA and turned up from there. We had the 50% pullback of the previous ICL (FIBO 50).
RSI printed a divergence while coming out of oversold territory.
MACD crossed over.
TSI already gave in the sign - crossover - I just wanted to wait not crossing down again.
Today's volume not so high - below average - but I suggest 25% margin impact long entry.
If tomorrow we have the follow through I will add to the position up to 50% margin impact.
If we have one more leg down I will also add when RSI becomes oversold.

NEW LONG ENTRY
Glad your back this week!
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Thanks Arpi, glad to see your post again. :D
If I buy UGAZ rather than future, is it also follow this chart?
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@joeycsw19, Yes but when Natty is +1% UGAZ will do +3%
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joeycsw19 PRO chartwatchers
@chartwatchers, I see. Thank you Arpi :)
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Thank you for sharing!
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jolu jolu
@jolu, so we go long on UGAZ ,right?
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@jolu, No, short DGAZ :)
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andrej123456 XTAL.ball
@XTAL.ball, Omg, shorting leveraged ETN , trade fair man :D
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Mahalos, Apri!!
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Thank you for the update Apri
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What is your price target? Thanks again Apri
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I see NATURAL GAZ in my brokers quotes as well as in some sites that bring quotes on gaz . but there is a differnce in the price with this depicted here .
here its 2.67 and there it is 2.8 , why ? thanks in advance!
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4Hchart as well as 1H chart are not looking good.. RSI and StochRSI overbought ,any thoughts?
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jolu jolu
@jolu, it seems i was right ..
i hope it is temporary
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jolu jolu
@jolu, tomorrow we have supply data coming out .. this could take it up or on the opposite to crash again..
however i entered long on UGAZ at 24$
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@jolu, maybe with this nice weather the market is priceing it to the down side.
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@jolu, hope you didn't go all in @$24. Apri said only 25% margin impact in the event it dips
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jolu Cheetsbaby84
@Cheetsbaby84, I followed his advice, but I hope it wont dip too much .. it is not so obvious that we are heading back to 3$, we may break the 200SMA down - this would be really painful if it happens and I prefer to believe we have very strong support below so we would have a rapid bounce off back .
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Thanks for sharing!
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Today UGAZ is not doing good .. while NATGAS is up 2% UGAZ is barely 3% instead of 6%..
hope tomorrow it will take back the delay
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DS77 jolu
@jolu, that's contango at work. UGAZ is a no touch this week for me as a result. Maybe pick it up next week if we can touch $20 again. Good luck.
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Ugh... another leg down happening right now?
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And today it exploded!
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