LEONES
Short

Nat Gas takes a break

NYMEX:NGJ2013   NATURAL GAS FUTURES
771 80 4
NATGAS reached resistance level and reacted with a blow-off day bar which means that the bears are in control now or bulls have started taking some profits. Price is poised to move towards the 1/1 Gann .
UGA (gasoline) is not so easy to trade. Low open interest

UNG...However, is much more popular with option traders.
snapshot
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
interesting, same pattern. natgas is in uptrend, this is just a short term trade
Reply
snapshot

Broad picture .. two lines of support (chart above and this chart)
Reply
hit the upper resistance
Reply
Fisher is showing that we may see some kind of recoil tomorrow.
snapshot
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
never used Fisher, useful?
Reply
You look for divergence/convergence shapes and patterns of the tops/bottoms
Reply
snapshot


Like this... candle engulfs yesterdays and continues trend down.
Reply
ozatrading QuantitativeExhaustion
3 years ago
it might be the case...but if we go to 3.944 first. we wont see price up anymore. we have lot of volume for sale after this point.
Reply
ozatrading ozatrading
3 years ago
http://i.imgur.com/JqQogCp.png
Reply
QuantitativeExhaustion PRO ozatrading
3 years ago
good point..
Reply
littleriver
3 years ago
CRK and Natural gas Diverge.

I like this play .....Here is chart i did not too long ago. Timing is right here for a pullback in price.
Reply
Just broke 4.00.. a short term parabolic peak.
Reply
snapshot


still hugging a key swing line....
Reply
what do you think? failed to break above resistance line
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
I think it's a good sign
Reply
well i like it much more now that I get to wait over the weekend. Hopefully price stays in this tight upper range
Reply
LEONES PRO
3 years ago
Tomorrow seems to be the day for natgas
Reply
Comment removed
LEONES PRO QuantitativeExhaustion
3 years ago
I think there are a lot of opportunities tomorrow
Reply
It's make or break. If Nat Gas can't break the resistance by the time US markets close, it's headed much lower
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
yes seems breaking now
Reply
I would take profits here. Up 66% on my options.
Reply
Expect big drop from tomorrow?
Reply
LEONES PRO alexandra.tatrai.3
3 years ago
now..
Reply
ozatrading LEONES
3 years ago
lol
Reply
I took the profits off the table. That was a big drop today
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
on your long calls?
Reply
no, I went with near dated puts. Not too bad
Reply
littleriver QuantitativeExhaustion
3 years ago
I take it your thinking we may get a big green candle to begin a possible double top formation today? Cashing in yesterday was a good idea.
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
Not sure about a double top. I'm going for more action today. Did not fill my option orders yet, still on the bid.
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
don't the double top, but today reaction is not very good
Reply
you're thinking flat consolidation?
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
yes could be or also break up side, not clear at all
Reply
How about US Dollar? might find some clues
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
nat gas strongly up, im probably going to reverse if it trades above the pivot high
Reply
I agree with that
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
what do you mean, dollar is getting stronger
Reply
Looks like it wants to go higher... Up and over again right now
Reply
littleriver QuantitativeExhaustion
3 years ago
it has been really cold here in the east US the past few days. Not good for reserves. Normally we get a number on friday but short week with holiday. Do not know if they will report on Thur. I heard Germany had an unusually cold winter this year and Moscow just got hit with blizzard. The weather may be the story here. May puts are looking better to me.
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
Yeah... weather a big trigger. I see the jet stream moving higher here in the US, bringing in warmer weather this weekend. Not sure about Russia... I'll check if they will warm up next week
Reply
littleriver QuantitativeExhaustion
3 years ago
Following your strategy JR, I was looking at those way out of the money puts. May13 17 are going for a .01
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
You know what it is Moscow and US cold weather... it's over this weekend. Maybe back to the puts we go

http://www.wunderground.com/global/stations/27612.html
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
What about Putin and Cyprus/Europe. Any strain here and Nat Gas goes much much higher
Reply
littleriver QuantitativeExhaustion
3 years ago
Buying more time is not a bad idea I think.
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
oh yeah for sure... If UNG falls to 19.50 before April 10th those May's will bag you 10x profit.
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
However, you need to see a break below 20 before mid April for this trade to really work.
Reply
littleriver QuantitativeExhaustion
3 years ago
I am thinking that may happen after those Aprils expire on the 13th
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
Better bump up the strike price then... you could lose out on Time Value
Reply
littleriver QuantitativeExhaustion
3 years ago
Taking a small gamble on those May 13 18 puts. Today is good buy.
Reply
QuantitativeExhaustion PRO littleriver
3 years ago
if you think you can hit 19 before April 20th .. still on the fence
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
or maybe you are right, consolidation
Reply
LEONES PRO
3 years ago
Seems a bull trap today...
Reply
Chart?
Reply
Comment removed
nice one
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
should be good to sell in the short term
Reply
LEONES PRO LEONES
3 years ago
but needs to close below yesterday low...4 is a critical point for Natgas..
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
snapshot
Reply
ozatrading
3 years ago
http://i.imgur.com/EoiVFJ0.png check this out...what you guys think....also JR..might be that what u were talking about (fisher indicator).
Reply
LEONES PRO ozatrading
3 years ago
no idea what does it mean?
Reply
QuantitativeExhaustion PRO ozatrading
3 years ago
nice bearish candle top
Reply
LEONES PRO QuantitativeExhaustion
3 years ago
yes, not sure is going to be filled today maybe next week...Easter approaching
Reply
warm weather coming in 10 day forecast for most of the colder climate regions in Norther Hemisphere
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out