Bull flag forming on NG1! daily chart. Price consolidated in that pattern between 2 weekly zones and when it finally broke, bull momentum slowed and profit taking occurred. I expect a retest on the upper channel before a charge to the 3.0 level. This is one of those text book flag-retest setup Opportunities to swing trade this commodity have been far and...
Intraday Trade Short: 2.58 Stop Loss: 2.6 Cover/Flip to Long: 2.47-2.5
Resistance at 3.10 with potential to head back to low levels see back in the early 90's.
Short at 2.10, SL 2.20, TP sub 1.95 (~1.87 level with trailing stop)
Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6,...
I'm not sure why, but Natural Gas just jumped 10%, but the chart looks very bad with major bearish divergences all over. I'm looking for it to jumped up to the $2.180 - $2.200 area and then start to pull back. If it does, it would form a H&S reversal pattern, possibly to the $1.600 area. If the price breaks well above the right shoulder line, this idea should...
Buy NG1! for bounce off trend line support and potential break out of wedge.
Natty's bullish close above resistance offers traders well defined risk. It looks like a reasonable 1:10 risk/reward entry here with a lower volume area. The ceiling with the "value area" appears to leave plenty of room to allow prices to continue into resistance. Volume looks good; however, cumulative buying looks weak. If it remains so prices will likely...
Natural Gas Ascending Triangle. Buy at triangle trend line or wait for breakout.
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.
We have tanked past 2001 lows Looking to see if lows from 1998 and 1999 provide any kind of support to buy off
NAT GAS IS APPROACHING SYNERGY.... WATCH THE FUTURES PRICE OF 1.57- 1.40