Excellent place to go long right here. Retracement underway after H&S breakout. Currently at neckline, good risk/reward to go long. Target at previous high of 2.3235. SL at 2.06.
Roadmap......Gold is approaching strong overhead "Potential Resistance" into "Time".
Breaking below the inflection point of 1142 increases the odds to attack deeper
targets.
go long NG, but if we have a daily close below the base of the triangle, we are out...
Sentiment is extremely negative, traders are long at historical levels, and seasonality is helping... BUT we only want to be long above 2.70 aprox...
Hi Traders,
The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend.
The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that...
Using Wheel on other application to analysis date, turning point might happen around Jul to Nov, enter in the yellow spot, and aim for 2015 Feb @ 4.61. ideal enter at 3.5, exit at 4.5 - 4.6.
