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$.
Comment: Today we took out the flag's high.
Adding 5% more to the Natgas position. We are at 25% margin impact.
If we break the trendline I will add the last 10%.
At that time the rally will just officially begin and we will be in full position.
Comment: The trendline is getting closer and closer.
DOn't forget : natty likes the green candles when it starts to rally.
Comment: Indicators are looking great.
Comment: I'm adding 5% margin impact position to NatGas at 2.8$.
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.
Did you complete the NG position? Thanks
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
Some really nice calls here thanks chartwatcher. Heres my view.
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!
I see $3.11 as target but will start selling 1/3 at $3.
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!
ArtFly pbartashevich
the same......
I am fine now :)
where are you taking your profits Arpi? what price do you think gas would reach
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