chartwatchers
Long

NatGas - Leaving the station

FX:NGAS   Natural Gas (Henry Hub)
2074 24 57
It starts to look like that the DCL is behind us . It was printed on the 12.08.
For the confirmation we will need to break the blue trendline .

We not just tested back the 08.01. high at 2.47 but this level is also the 50% retracement of the last daily cycle.
RSI left overbought territory and now above the 50 level. MACD is crossing over and TSI wants to cross over also.

As soon as we take out the flag's high at 2.69 we will have one more confirmation that this vehicle bottomed.

I still wouldn' t rule out that we go drop down to the 200 EMA . For that scenario have some dry powder.

I'm adding more today to the Natgas position till 20% margin impact. The last point where I add will be the break of the blue trendline at 2.8$.
Comment: Today we took out the flag's high.
Adding 5% more to the Natgas position. We are at 25% margin impact.
If we break the trendline I will add the last 10%.
At that time the rally will just officially begin and we will be in full position.
Comment: The trendline is getting closer and closer.
DOn't forget : natty likes the green candles when it starts to rally.
snapshot
Comment: Indicators are looking great.
Comment: I'm adding 5% margin impact position to NatGas at 2.8$.
We are 30%.
I plan to add 5% more at the significant breakout.
Comment: If we are staying above 2.81$ by the close I will add the rest of the position.
This is the breakout we want to buy.
snapshot
Did you complete the NG position? Thanks
Reply
logic would suggest that price will pullback to the trendline, and then take off further, right? Just to look for the perfect adding position. Allready in good positions thanks to arpi
Reply
Some really nice calls here thanks chartwatcher. Heres my view.
snapshot
Reply
NGAS price frozen for me. I think it is a bag in tradingview I had to watch UGAZ. I am fully positioned.
+1 Reply
marketpundit pbartashevich
same here!
Reply
I see $3.11 as target but will start selling 1/3 at $3.
Reply
I added right after data and it got crushed after :). I hope it will be fine.
Arpi, could you please share first target price? Thanks!
Reply
ArtFly pbartashevich
the same......
Reply
I am fine now :)
Reply
where are you taking your profits Arpi? what price do you think gas would reach
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out