captain_smollett
Short

NGAS. Ready to short

FX:NGAS   Natural Gas (Henry Hub)
208 4 6
NAtural Gas             is coming back from the historical minimums but looks like growing potential is limited. NGAS has already climbed almost 70% since March!

A fibo level 261.80% of W5 may become a top here. Will try a short from this level (2.838), targeting 2.160 figures. SL: 3 figures
Comment: Small short now with SL at 2.95
Comment: Adding more shorts now, looks like it has finally reversed
Trade active: I´m not closing this trade, just moving it to profitability
Comment: Closed some of the shorts here and moved the rest to breakeven
Comment: Adding some shorts to NGAS. Looks like it should go down finally
Comment: NGAS hasn´t followed oil bounce today therefore I will keep my shorts at breakeven
Trade closed manually: That is probably all from NGAS decline. Closing all shorts.

Not bad but I expected much more to be honest...
AlbertaOil captain_smollett
What is targeted price for NG ?
Reply
I´d say TP1: at 2.500 and TP2 at 2.200

snapshot
Reply
AlbertaOil captain_smollett
Thanks, Will see 2.50 soon
Reply
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