chartwatchers
Short

NatGas - Shorts reloaded

FX:NGAS   Natural Gas (Henry Hub)
2236 41 50
I'm not going to wait in NatGas any longer. We are just too late in this daily cycle. The intermediate cycle seems to me to be topped on that report last week.
While price was printing a higher high RSI just printed a divergence: no higher high in RSI last week.
MACD seems wants to cross over.
Though we broke to new highs last week there was no follow through : we came back to the 10 EMA and crawling on it. This is not a rally, it was just a false breakout on high volume when big players got out of their shorts and now feeding the little payers with expensive contracts.
I'M going to short NatGas right now at 3.254. I think we are going to tag the 200 SMA around 2.4$ this year.
Comment: What's wrong with this DGAZ daily candle?
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Comment: We printed the daily swing.
I think it's good that we reentered.
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Comment: I'm waiting for a big drop on data today.
The data has to be extremely good to hold price at this level.
Comment: Closed below the 20 EMA.
Indicators looking good today.
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Comment: Man they've almost tricked us out last week with that breakout...
Trade closed: stop reached: 30% gain
I'm with you,it doesn't seem to be able to make a higher high.
First target is 3.13$, then 3.07$ and 3.0 $ (Fib retrace levels).
Big resistance at 2.8$ level, when it would brake that level your 2.4$ is in sight.
But we will have to wait and see. :-)
+2 Reply
There was a whisper that this winter will be super super COLD.
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ahmetnmsl watsonzou26
Cold winter, high demand, low prices
+1 Reply
Very short term view. We may experience bump. But I want to short NGAS.
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Thursday, Oct 13, 2016

TRADE (Microcap): $DGAZ 1,050,000 shares @ $3.93


BLOCK TRADE (Microcap): $DGAZ 500,000 shares @ $3.93 ha !
BLOCK TRADE (Microcap): $DGAZ 300,000 shares @ $3.93

Friday Oct 14, 2016

BLOCK TRADE (Microcap): $DGAZ 400,000 shares @ $4.03

Today - so far

BLOCK TRADE (Microcap): $DGAZ 450,000 shares @ $4.02
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Parabolica nnavarrete
Interesting to know if the market maker was the buyer or the seller...
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nnavarrete Parabolica
Hoping they are the buyer haha

I'm holding 7000 DGAZ @ 4.52 .... Looking forward for a happy ending. :)
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watsonzou26 nnavarrete
Sorry for my ignorance, what does "block trade" mean?
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nnavarrete watsonzou26
http://www.investopedia.com/terms/b/block.asp

http://www.investopedia.com/terms/b/blocktrade.asp
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watsonzou26 nnavarrete
Got it. Thanks my friend.
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nnavarrete watsonzou26
https://en.wikipedia.org/wiki/Block_trade
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kevinobrien89 nnavarrete
Were those blocks during trading hours or AH. Trying to discern if they are true block trades or just rebalancing/T-trade transactions
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http://invst.ly/2kmyz
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Ta-Trade PRO watsonzou26
I say $4 bullish looking imho
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Too late in the intgermediate cycle to have it this year. Next year definetely.
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Ta-Trade PRO chartwatchers
3.5 before a pull back imho
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watsonzou26 Ta-Trade
Please note that Dec. contract was touched at $3.5(high was $3.6 something if i was not wrong ).
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Ta-Trade PRO chartwatchers
Even 3.885 on the 1W T/F is possible before a pullback...GL with your short m8
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I told you so. It was too late in my cycle count.
At the end of the day it was a very good call.
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Ta-Trade PRO chartwatchers
It was indeed m8....well done!
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The only thing that I find wrong with it that it reversed back a mere 10 cents above my buy order. Either I miscalculated the channel's bottom border or my order will get filled tomorrow : )
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VirtualFax VirtualFax
The channel in question (I'd even say a big question... : ):

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I shorted on your previous call and added more shorts during the recent break out. This one is going down baby. DOWN.
+1 Reply
Nice call Arpi. Good job!
+1 Reply
reenter shorts? or swinging long for tomorrow?
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At this moment, NG got support. For bulls,they need stand up $3.15. For bears, they need fight for breaking down $3.15.
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Now 3396, are we goiing out ?
Thanks ARPI
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Data? What data? When is it released?
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http://www.marketwatch.com/story/eia-reports-an-increase-of-77-bln-cubic-feet-in-us-natural-gas-supplies-2016-10-20
30 minutes ago.
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XTAL.ball chartwatchers
So typical oversupply issue? Prices will continue to drop?
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watsonzou26 chartwatchers
Bulls and bears are still fighting for $3.15 neckline whatever the report data is.
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What a good retesting mini neckline and a violate day will be.
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watsonzou26 watsonzou26
I mean it will be a volatile day. BTW, 8-14 days weather forecast seems to be good for bears and Nov. contract will be expired soon.
http://www.cpc.ncep.noaa.gov/products/predictions/814day/
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Oh fu......k ...3,42
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Hi Arpi, is this cycle going to be longer than usual? If so, where do you see it end? if you expect NGAS to tag the 200 SMA it is more likely to happen in the next daily Cycle?
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Any chance we bounce off the trend line yet again before hitting the resistance at $3.50 and, at that point, deciding which way to go?

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Just posted the update. I explained it there.
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chartwatchers PRO chartwatchers
No more pop. We are too late. And big players are out of positions.
Look at the monumental green candle 5 days ago. Smartmoney left the building.
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watsonzou26 chartwatchers
Exactly. But I just downloaded all my shorts temporarily, going to uploaded again when the chart transfers to Dec. contract.
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watsonzou26 watsonzou26
NG: getting support
+1 Reply
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