You can finally see two weeks in a row of Bullish price movement!! Finally!
You can also see price actually passed the green Alligator line which is a bullish sign - just hoping it closes tomorrow ABOVE this line. Then hopfully al good next week.
But who knows - next week is next week. AnyHOOO
Hope all is well with everyone - sorry for a lack of posts recently but there has been nothing but sideways action, until now.
Thank you for this chart. I see a head and shoulders with a neckline at 5.00; it seems to me that 5 is a reasonable target for now. From 2.5 to 5 is a 100% ROI over perhaps 6-9 months. No bad at all; even better if leveraged.
I like that one the chart the Awesome Indicator is green right now and the amplitude of the negative bars is decreasing showing a trend to crossover the zero line - As such this weekly chart has a bullish bias. We all know that the higher the timeframe the more reliable are the signals; the chart seems to be suggesting to buy now ( and sell later and higher) :)
AwesomeAvani
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The alligator ( moving average set) is showing near zero slope suggesting that convergence will flip and become divergence essentially demonstrating the same thing as a MACD indicator BTW does anybody know which country's expect divers sabotaged the gas pipeline some time ago?
AwesomeAvani
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AwesomeAvani
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@AwesomeAvani, I agree that the bias right now if for upward price action on any natural gas-based instrument inclusive of futures. I do not think that the storage report upcoming will have any significant effect on the price action.
mponevar
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I took buy on 2, only my problem was that I expected 1.8 sooner and currently am in some minor minus :(
No bad at all; even better if leveraged.