chartwatchers
Long

NatGas - Leaving the station

FX:NGAS   Natural Gas (Henry Hub)
2073 24 54
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.
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Thank you!
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Thanks! I have tanked Friday evening seems very good moment.
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What kind of instrument you are using to trade NatGas?
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Great update! Thanks!
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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
2.81 the break of the trendline
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pbartashevich PRO chartwatchers
Thanks
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joeycsw19 PRO chartwatchers
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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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
I see. Thanks for your sharing. We are moving to the Moon :)
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bertcoin PRO chartwatchers
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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Florida hurricane season is underway. Gulf of Mexico is warmer than normal which attracts (provides energy for) hurricanes.
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where are you taking your profits Arpi? what price do you think gas would reach
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AKIN007 newwarez2
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
the same......
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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.
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marketpundit pbartashevich
same here!
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Some really nice calls here thanks chartwatcher. Heres my view.
snapshot
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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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Did you complete the NG position? Thanks
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