In the previous days a pattern has been observed where in the beginning of the day, NG tend upwards but around 10-11 a.m (BST) when volume starts picking up there is a reversal and the downside begins for the day. Thus, I think that every move before this time is just an opportunity to build a position. For those unable to trade futures - even more since DGAZ...
FX:NGAS Safe Trades; open.spotify.com
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!
Intraday Trade Short: 2.58 Stop Loss: 2.6 Cover/Flip to Long: 2.47-2.5
NGAS
If the current daily candle hold below the trendline shown in the chart..the downside target could be huge
Traders, UPDATE: We've had a great downside move since I posted recently. Had a very nice bearish move, and still holding confidently. An update on my previous NGAS idea. Well to anyone in my signals group who caught this one, we made some great money, hit our target and did great. Was a fantastic trade. -----Interested in joining my professional signals...
New sell, in context of our buy from yesterday, price rejected top price at 1.836, risky sell, we may get a bounce at B.
This commodity is currently overbought, We expect sellers around this price