NG has come down some overnight so I put in a sell order at 4.9.
I'm going to watch it closely and I'm not expecting it to take a nosedive anytime soon. As long as the War is in play, I can't see NG getting under 4.5.
I'll see what kind of profit I can get - maybe only 200-300 points, but still better than nothing :-)
Stay safe.
Heiko
Trade closed: stop reached
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Comment
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I have NO idea why, but NG spiked up this morning and stopped me out at 5.1. I'll continue to monitor for a reversal and get back in later.
@kpyogendran, not for me - even though they are saying weather a little colder over this weekend, I might have to wait till early next week to see NG hit it's high of 5.5, then I can put in a Sell order.
kpyogendran
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Weather is little cold again in US until March 29th and export is increasing as well.. 96BCF expected this week.. could be last rally for this season..
HEIKOTradingSystem
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@kpyogendran, Agreed - I'm still waiting for a high - maybe 5.5?
@kpyogendran, Perfect - I try to trade off of daily and weekly charts :-)
ahmaddoolwayab
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Heiko where you at bro? We miss you in action. NG gone ⚡️
HEIKOTradingSystem
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@ahmaddoolwayab, Super busy my man, sorry. Gotta wait now for a top and then put in a sell order :-)
kpyogendran
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@HEIKOTradingSystem Bro.. Natty boy is moving high in the Summer Weather forecast in US.. couple of months we would be Fall contract futures!! WAR is keeping the OIL/Natty more volatile and 2022 Winter in Europe would be crazy demand i guess.. Ascending Wedge in the day chart and i would see 5.3 is max to short ...update your analysis when you can
HEIKOTradingSystem
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@kpyogendran, lol - I already updated - I got stopped out at 5.1 Now I'm waiting for a top - I agree with you - probably between 5.3 and 5.5 - then sell