Natural Gas: 45% higher in the next 12-24 months

FX:NGAS   Natural Gas (Henry Hub)
236 8 4
Big picture fellas. Big picture.

I can't seem to find many stock beneficiaries of a nat             gas price rise. But here is the best one I've found below.
Ticker symbol is RICE
Thianks, I think also it look promising in the long term. But it is getting a bit late in its daily cycle. Don't u think this is a false breakout before into a DCL?
+1 Reply
Lanmar Viking83
1) I do not think it's a false breakout because today's price action will be a Friday close on a significant three month structure.
2) It's only late if you lose on the trade and you're risking more than you could tolerate.

On risk:
A) Stops should be slightly below 2.84 and that offers an attractive risk/reward profile ($50,000 investment loses a maximum of $5,500. At target you make over $20,000).
B) A relative high probability of success if exit is managed appropriately (any future violation should be actively managed).
C) Because we're not dealing with a tested area of long duration at our stop point (2.80s) there is very low risk. In other words, extremely low probability we see a gap beneath our stop (lose more than expected).
Thanks, will be interesting to follow!
+1 Reply
I studied it a bit closer, this is my conclusion.
But I will follow price action on Monday!
+1 Reply
Viking83 Viking83
Sorry, wrong link:
+1 Reply
Lanmar Viking83
Good call Viking
The volume is still high. We might go down further than the arrow indicates. Let's see where it ends.
I will take a strong long position at the bottom.
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