chartwatchers
Long

NatGas - Leaving the station

FX:NGAS   Natural Gas (Henry Hub)
2066 24 54
3 months ago
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$.
3 months ago
Comment: Today we took out the flag's high.
Adding 5% more to the Natgas position. We are at 25% margin impact.
If we break the trendline I will add the last 10%.
At that time the rally will just officially begin and we will be in full position.
3 months ago
Comment: The trendline is getting closer and closer.
DOn't forget : natty likes the green candles when it starts to rally.
snapshot
3 months ago
Comment: Indicators are looking great.
3 months ago
Comment: I'm adding 5% margin impact position to NatGas at 2.8$.
We are 30%.
I plan to add 5% more at the significant breakout.
3 months ago
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
toothless
3 months ago
Thank you!
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kizly
3 months ago
Thanks! I have tanked Friday evening seems very good moment.
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dp
3 months ago
What kind of instrument you are using to trade NatGas?
+1 Reply
BullyBear
3 months ago
Great update! Thanks!
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andrej123456
3 months ago
What do you think, as soon as Natgas will rally will SXE and LGCY follow it ? I am holding these 2 and don't know where to set TP. order Thank you.
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Hi Arpi, At what price you will make your last addition to this trade?
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chartwatchers PRO pbartashevich
3 months ago
2.81 the break of the trendline
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pbartashevich PRO chartwatchers
3 months ago
Thanks
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joeycsw19 PRO chartwatchers
3 months ago
Hi Apri, thank you very much for your sharing and update.
But do we need to wait until closing to confirm the trendline was broken?
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chartwatchers PRO joeycsw19
3 months ago
I think it will be significant and stays there.
Even if it doesn't stay the DCL is confirmed and we are heading higher soon
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joeycsw19 PRO chartwatchers
3 months ago
I see. Thanks for your sharing. We are moving to the Moon :)
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bertcoin PRO chartwatchers
3 months ago
I guess I'm really nervous about the trend line, but if you're buying, I'll hang in there.... I haven't lived through enough of these cycles to be as confident.
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jere
3 months ago
Florida hurricane season is underway. Gulf of Mexico is warmer than normal which attracts (provides energy for) hurricanes.
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newwarez2
3 months ago
where are you taking your profits Arpi? what price do you think gas would reach
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AKIN007 newwarez2
3 months ago
Same Query - where are you taking your profits Arpi? what price do you think gas would reach. TP? Thanks.
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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!
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ArtFly pbartashevich
3 months ago
the same......
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pbartashevich PRO ArtFly
3 months ago
I am fine now :)
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I see $3.11 as target but will start selling 1/3 at $3.
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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
3 months ago
same here!
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mrtommifunn PRO
3 months ago
Some really nice calls here thanks chartwatcher. Heres my view.
snapshot
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mabaert PRO
3 months ago
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
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koastech
3 months ago
Did you complete the NG position? Thanks
Reply
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