Natural Gas Still Forming Buy Pattern
Nat gas strong season is here and bull flag
Seasonality wise nat gas should rally towards $3.00 over the next few weeks.
Recently, we warned that Natural Gas may set up another opportunity for traders to buy into a support zone below $2.70 with a selling range near or above $3.00. Our upside target zone is between $3.25 and $3.45. The price of Natural Gas has recently fallen below $2.69 and we believe this could be the start of a setup for skilled traders to identify key buying...
It's basic but seasonality, trend, and resistance all line up for this move. I do expect/want a pullback to $2.70 first. More details here about the trade setup.
These plays happen all the time if you are looking for them. The weekly charts provide amazing opportunities, the key is to find these standout support or resistance areas and wait for the price to fall fast and hard to them, or spike in price into resistance. The FIRST time price tags the level you should be entering a trade for at MINIMUM an intraday reversal,...
Just take a look at the natural gas continuous futures contract WEEKLY chart , $2.55 level and draw a line, its a clear trade setup that just pocketed 25% and 30% this week! This is the UGAZ chart 3x bull that allows us to trade the quick powerful moves in Natural Gas knowns at the Widow Maker... LOL
Directional Bias: Long Price Target: 3.3+ Good Entry: 3.065-3.115 Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks.
hello everyone. natural gas, boil, kold, continue trend lines.