I don't trade NGAS, some of my traders do and there are a couple request for me to give my views on it . I hope this helps . Thanks to all my followers for your support. Your views are also important to me, so comment ,attach a chart if you have a different view and LIKE (the thumb on the top of the chart ) if you agree.
Remember this is only my view and you do have a right to disagree but please do so in constructive way, post your view.
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To see all update on this chart you click on my name then search NGAS and all the charts on NGAS will show up . here is an update.
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more update
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and more
Comments
GarryBartsch
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This is how I have been look at natgas. It's in a down channel and when it gets out I can't say.As per a comment below I can see where people get the 2 from. Do you feel I have fairly drawing the trendlines?
ashish.savla.3
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nice view and chart
cfetrader
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Very nice chart, adhering to the correction principle 2x(fall+consolidation)+fall. I am also expecting this decline to end between 1.6 (low probability; brief trough if achieved) to 2 purely on a technical basis (for this capricious commodity, supply-demand & weather play an important role). I have one small reservation, since everybody predicts a terminal value of 2, that it could actually end a bit higher (rarely the market fulfills such a collective prophecy).
moneymaking
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Hey Anil, Thank you for sharing your take on NGAS. What I see is a measured AB=CD move completing with some fib confluence at minor structure looking left. Feel free to agree or disagree :)
ElPatron.Y
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I believe it will go up, the upper trendline hasn't been hit in this move and that is normally the case for big drops like this.
QuantitativeExhaustion
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What's your target and time frame?
ElPatron.Y
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Hi JR, here is what I see. On 4h tf a falling wedge with bullish div, will bounce up if you ask me. But I might be wrong :)
QuantitativeExhaustion
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June 4th 10:30 am we have nat gas inventories. Important as well, OPEC meeting, who has a dual plan to kill nat gas price and destroy US fracking industry.
QuantitativeExhaustion
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Seems OPEC is losing both of these wars rather quickly.