NGAS: Weekly uptrend active

FX:NGAS   Natural Gas (Henry Hub)
293 2 14
NGAS has pending upside yet to be tapped. Last week's advance gives us reason to buy dips against the 3.049 level, with stops at 2.898, or, we can use the daily chart to spot the turning point and buy dips (like I've been doing consistently for some time now). We can also buy a new high in the daily, risking simply a new daily low.

The dashed line above marks the main resistance zone from the long term decline that started on 2014. If NGAS breaks the resistance, it could rally towards $3.81, and possibly even higher, reaching the $4-5 handle.
Risk is very small on the long side right now, so don't miss out on the buy this week.

Good luck,

Ivan Labrie.
thanks for sharing :)

is there any risk to be short in few days because "irak may increase output in 2017" (see http://www.reuters.com/article/us-iraq-energy-oil-gas-idUSKCN129061) ? and having new correction next week ?

have safe trade :)
Hi, thanks. The main trend is up, so while lower timeframes might go into a short term downtrend, this is a buying opportunity if you want to join the bigger picture trend.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out