Conservative Line and Big Risk/ Return Line Hit, Whats Next?
Surpassing conservative and taking bigger profits as indicated in the graph, that leads us to a reassessment of the next big move to come. First of all congratulations to those who took some short term gains from the previous analysis I provided. Lets agree that sometimes we make calculated risk and some luck is involve. Learning to trade on a fine balance between graphical and sentiment values are key to becoming a somewhat successful trader.
Analysis Natural Gas:
Price started off lower in the reopening of the market, due to some warmer weather spikes up in the North eastern region of the USA lowered demand in Natural gases, no new declaration of bankruptcies in the supply sector.
Graphical Sentiment:
Downtrend in Short Term trades (4-6hrs) is still a strong Put, likely to hit the 1.850 Region before a slight rally to hit this evening towards the 1.930 mark.
Geopolitical Sentiment:
Trump is yet to make his appearance in India, that could overhaul the prices of Natural Gas in a big price shift (upwards), likely to take place over the next 2 to 3 days.
For Swing Traders:
3-5days Position Long holding could see some serious movement in prices: Recommended trade position: Hold a Long position for big price hike likely to mature by end of the week.
Target 1.990 (Conservative) 2.050 (Big Risk Big Return Line)
For day traders:
Target 1.850 ( Conservative Line) 1.790 (Big risk Big Return Line) SELL POSITION/ SHORT by 9pm EASTERN TIME.
Analysis Natural Gas:
Price started off lower in the reopening of the market, due to some warmer weather spikes up in the North eastern region of the USA lowered demand in Natural gases, no new declaration of bankruptcies in the supply sector.
Graphical Sentiment:
Downtrend in Short Term trades (4-6hrs) is still a strong Put, likely to hit the 1.850 Region before a slight rally to hit this evening towards the 1.930 mark.
Geopolitical Sentiment:
Trump is yet to make his appearance in India, that could overhaul the prices of Natural Gas in a big price shift (upwards), likely to take place over the next 2 to 3 days.
For Swing Traders:
3-5days Position Long holding could see some serious movement in prices: Recommended trade position: Hold a Long position for big price hike likely to mature by end of the week.
Target 1.990 (Conservative) 2.050 (Big Risk Big Return Line)
For day traders:
Target 1.850 ( Conservative Line) 1.790 (Big risk Big Return Line) SELL POSITION/ SHORT by 9pm EASTERN TIME.