IvanLabrie

$NGAS: Natural gas can go 90% higher from here

Long
NYMEX:NG1!   Natural Gas Futures
It's clear Nat Gas can gain traction fast here, I'm long since yesterday, via $UNG shares. Looking to add an options position here, since weekly charts are now bullish , I pre-emptively took a trade based on a daily signal, speculating on the weekly and eventually monthly kicking off. I commented about it in the Key Hidden Levels chatroom here and offered it to my clients as a signal as well.
With last night's shelling of a nuclear plant, escalation seemed likely, and the next step could be to enact sanctions on natural gas exports, which could deal a blow to supply and create a dramatic move to the upside as a side effect. Fundamentals aside, reward to risk and probability are on our side, so it's a good idea to get some decent exposure here.

Cheers,

Ivan Labrie.
Comment:
Comment: Plenty of time left, but upside target has been mostly reached.

If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.