FX:NGAS   Natural Gas (Henry Hub)
1506 18 36
a month ago
They did everything but finally we didn't get left behind at the station.
I'm telling again this will be a serious steep decline down to the 200 SMA . It will shake out all the late longs.

I wanted to post this because a very strong support is ahead of us right now: 2.994.
1. It was the last daily cycle top
2. There is our daily cycle trendline
3. THere is the 50 EMA.

I'm 100% sure we will have a bounce from there. But DO NOT TRY TO LONG from there. Use it to add to the shorts. I think the 10 and 20 EMA will be crossing over when that bounce is finished. It will be a short 2 days bounce and we will break the trendline very soon and entering into the panic selling stage.
NatGas' panic selling is lovely on the short side. Analysts will be talking about the global warming and you will see news like no gas will be needed on Earth this winter.
I'M looking forward to see a bottom at the 200 SMA (2.4$) at the middle of November.


a month ago
Comment: Retail has left the building in DGAZ last week.
snapshot
a month ago
Comment: Going to tag that 50 EMA at 2.994$ today.
a month ago
Comment: I was looking for this kind of decline for today.
We stopped at the support what I was talking about.
Monday-Tuesday we will have a dead cat bounce and more pain is coming in the next 2 weeks for the longs.
snapshot
a month ago
Comment: there was a little misunderstanding:
"But can you elaborate on what you mean by retail having left DGAZ last week?"
- Retail traders were shaken out in big losses. Margin calls, freakout sellers etc.
DGAZ is in big strong hands now. Small players are psychologically destroyed.
Retail traders ill not trade DGAZ now though we are at the bottom.
This is always how a story ends. The same will be to downside.
UGAZ shareholders will be killed when NatGa tags the 200 SMA
a month ago
Comment: A few of you is disappointed because DGAZ was underperforming today.
I will post an update on DGAZ. But this NatGas post is still will be updated next week untill we enter the panic selling. I will launch a new post then.
a month ago
Trade closed: stop reached
desmondlang123
a month ago
Hey thanks so much for sharing your thoughts, I can't agree with you on this more. But can you elaborate on what you mean by retail having left DGAZ last week?
Reply
chartwatchers PRO desmondlang123
a month ago
Retail traders were shaken out in big losses. Margin calls, freakout sellers etc.
DGAZ is in big strong hands now. Small players are psychologically destroyed.
Will not trade DGAZ now though we are at the bottom.
This is always how a story ends. The same will be to downside.
UGAZ shareholders will be killed when NatGa tags the 200 SMA
+2 Reply
kevinobrien89 chartwatchers
a month ago
What do you think DGAZ's upside is? Around 8-9 if we were to tag 2.4 in NGAS?
Reply
desmondlang123
a month ago
Anybody know what's wrong with DGAZ? Completely not reflective of actual NGAS return....
Reply
Cheetsbaby84
a month ago
Is it too late to try and enter this trade?
Reply
chartwatchers PRO Cheetsbaby84
a month ago
Wait for the dead cat bounce on Monday or Tuesday.
Reply
Curious.. Retail leaving on DGAZ, isn't that a sign of DGAZ heading down? Or are they exiting short positions? Not sure why them exiting an inverse is a sign of Nat Gas going down.. just curious!
Reply
shinsky TorinVanderpool
a month ago
I think he's saying that retail left DGAZ so they aren't shorting anymore. They sold their DGAZ
Reply
VirtualFax shinsky
a month ago
Nice seeing you again, bud ; )
Reply
VirtualFax TorinVanderpool
a month ago
Discouraged retail leaving while smart money harvesting their shares. That's bullish.
Reply
chartwatchers PRO VirtualFax
a month ago
Exactly.
Reply
DS77 VirtualFax
a month ago
Long squeezed
Reply
watsonzou26
a month ago
Great analysis, Arpi. Thanks.
Reply
DS77
a month ago
Contango at work.... patience with DGAZ.
Reply
AlexTrik
a month ago
Could you please clarify what DCL stands for? Thanks a lot for your contribution to the community.
Reply
Ronnee AlexTrik
a month ago
Daily Cycle Low, cheers
Reply
AlexTrik Ronnee
a month ago
Thanks a lot mate
+1 Reply
made some money on this.. much appreciated!!
Reply
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