Bandarsq
Short

NGAS - Head & Shoulders Breakout

FX:NGAS   Natural Gas (Henry Hub)
3 months ago
As per the chart showing, Natural Gas             broke the H&S neckline and the uptrend.
RSI also broke the uptrend.

So NGAS should be now heading for target 2.670.

Cheers!

2 months ago
Trade closed: target reached: Good enough.
It's never been a free market and will never be.

Related Ideas

nnavarrete PRO
3 months ago
snapshot


2.72 is my target for the short. NGAS is bull overall, based on macro economics. I believe this drop will give it strength to cross 3.10+ this time.
Reply
Bandarsq PRO nnavarrete
3 months ago
Thank you for sharing.
Reply
nnavarrete PRO Bandarsq
3 months ago
snapshot


Lets see what happens now. I have both longs and shorts so Its ok if we drop to 2.67 - Are you looking forward to 3.10+ after this drop? - I am
Reply
robus
3 months ago
I expect 2.67. :)
Reply
Bandarsq PRO robus
3 months ago
It seems a very wanted target ;-)
Reply
swinger
3 months ago
wedge, wedge down
just updated my idea. it is back to the down channel
Reply
nnavarrete PRO swinger
2 months ago
snapshot


snapshot


Based on data from Level 2 quotes, there is a lot of pressure of this ones to hit red dotted line... but Im not quite sure about it yet.

Range will be 2.60 - 2.65 NGAS
Reply
swinger nnavarrete
2 months ago
We are in the decline mode now.
snapshot
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Bandarsq PRO swinger
2 months ago
Thanks for sharing. Cheers!
Reply
benzhaidang PRO
2 months ago
where i can trade this one. my broker doesnot have it
Reply
bertcoin PRO benzhaidang
2 months ago
UGAZ and DGAZ are up and down 3x Natural Gas ETN's your broker may have. Similar to UWTI and DWTI for up and down USOIL.
Reply
benzhaidang PRO bertcoin
2 months ago
thankyou sir
Reply
Bearbud bertcoin
2 months ago
Bertcoin, I still have UGAZ do you think it will tank or go back up? Arpi seems unsure.
Reply
bertcoin PRO Bearbud
2 months ago
I got out last week because I wasn't sure myself. Arpi has a plan in his latest post. I'm waiting for the next cycle low to go long again NGAS. Sent you a long winded PM.
Reply
bertcoin PRO Bearbud
2 months ago
There's your answer. UGAZ up 12% as of 10am CDT. Stick with Arp's plan!
Reply
Bearbud bertcoin
2 months ago
Yes Sir!!
Reply
Parabolica
2 months ago
Thanks! This is appreciated. Have you considered a reverse trade w/target around 50% of last leg?
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Bandarsq PRO Parabolica
2 months ago
I'm not sure yet. A clear reversal is required.
Reply
AlphaDreams PRO
2 months ago
Nice!
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Bandarsq PRO AlphaDreams
2 months ago
Cheers!
Reply
nahidik PRO
2 months ago
Hi Great trade. Can I ask where you would of put your SL on this trade? I am trying to figure out the safest Sl without overkill. Thanks for any help with this.
Reply
Bandarsq PRO nahidik
2 months ago
You are asking the wrong person. I don't use SL.
Reply
bertcoin PRO
2 months ago
Amazingly accurate @Bandarsq. Nice work!
Reply
Bandarsq PRO bertcoin
2 months ago
Thank you. Cheers.
Reply
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