chartwatchers
Long

NatGas - Confirmed bottom

FX:NGAS   Natural Gas (Henry Hub)
1189 31 37
Today we have the significant breakout above the blue trendline .
This is the confirmation that NatGas bottomed. The DCL occured on the 12.08.
We are on day 9. We have 2 comfortable weeks to run from now. (Maybe 3) And by now you know Natty likes the green candles.
In the next 2 weeks we should take out 3$ and run to new highs.
Indicators
RSI is just entering to overbought but it can be overbought for a month.
MACD had just crossed over it has weeks to go up.
TSI is the same : it just crossed over.

I missed the last DCL unfortunately. This time NatGAs just almost tested back the FIBO 50 and the breakout.
And we entered at that "almost level".
The next resistance is at 2.994 : the previous cycle high.
I bailed out of last week on UGAZ as we slipped below the trend line to preserve profits. Looks like we're in a little bit of downward channel with a bearish crossover of MACD and steady drop in RSI since your last post. Good time to reload back in, or a little bit of an extended correction for NGAS?
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Please update/Comment this idea too on TV Thanks Sir
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Arpi, could you comment: how large you expect a correction ? I opened long rather high after breaking the channel. Now I get a little nervous ....
+1 Reply
Hey everybody. Arpi is posting on Twitter while they figure out why he got banned from posting ideas. NatGas/UGAZ post at https://twitter.com/ArpiKerenyi.
+1 Reply
Bearbud bertcoin
Thanks Bertcoin, I was wondering why I haven't seen any updates from him.
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ArtFly bertcoin
Thank you very much. Why he was banned? you now?
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ArtFly bertcoin
Thank you very much. Why he was banned? you now?
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ArtFly bertcoin
Arpi wrote on Twitter yesterday that update Oil , Natgas and stocks after market close. I can not see any update on Twitter. Do you know why?
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PM
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ArtFly bertcoin
What is PM?
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