Interesting Adam-Eve bottom pair potential. Also, here are the levels that I'm watching. Anything could happen here, and would not be surprised to see it hit the bottom Green line or break above the resistance Red Line. Short term support at black line. Current position at Black line. Will continue to accumulate more if we come back to the black line, and...
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Looks like a bull flag forming on NATGAS tracker BOIL 2x. Id like to buy in on the next tag of the lower flag line. Around $11
Looking at NatGas here. Looks like we had a reversal a week ago, then a retest. I could see a good move here with little risk to the downside. Set your stops at Yesterdays lows. Should not test again. Upside target to the 200 ma
Natural gas is such a great clean source of energy. A favorite for homes. Likely someday will power cars as well. Hard to believe longer term it will not become more expensive. But currently clearly in a shorter term downtrend (down about 5% today so far). Looking at the daily chart it looks like we have already had a 5 wave up move and are now are in a abc...
UGAZ looks to be breaking out this morning. It looks like a BULL SHARK pattern just completed. You can now expect a 50% Fibo retrace higher to about $38.68. BOIL is another way to play it. I'm not taking this trade, but it should work out.