assuming long-term bull market in natural gas, outlook for Eclipse looks bright
Natural gas reached 3.295 today, upped 19% in a month. It just the beginning of October, the weather is going mild in the next two or three weeks. So we will probably have another two or three weeks injections before the real winter coming. So i think it's still too early to chase that high, and the bulls are facing extremely high risk. Technically, we have...
With consistence demand and winter approaching it seems NG1! is about to make it moves. Make sure you are on right side of NG1! Chart is just an idea. Let's see where it goes.
Short term we go back and then we go ride it up. If reversal happens, play DGAZ and make some $$.
NG this week is imp. It will decide it's course to either 2.9 or 2.4-2.5. Keep an eye. Play DGAZ/UGAZ accordingly. Layer in if you decide to go in.
My last posting suggested natural gas may turn up and it has ( see link below from 2.12). It’s corrected some the last few days. Is the up trend now over? I favor it is not. I remain long. If get bullish action I will add to my position. Notice positive reversal in 4 hour RSI. If you go long could use a close <than the 4 hour up trend line as a stop. Process...
I have been trading these larger swing over the last few weeks and have been pretty accurate. Todays reversal was a happy site. But this pattern is anything but simple. I don't think we are in a typical short term, ABC due to the pattern. And there was a bullish divergence that appears to be starting to play out. The BBands on the daily are very very tight. ...
than going to corrrection on monday
This is the monthly chart for Nat Gas. As you can see I think we are nearing the next push up to finish a large B wave. But if you look at the time frame...it could be a while until such a big move happens. Short term thought....I think we are going to be starting a 3rd subwave up soon. Hope this helps a little bit.
Too much risk to short at this point, but I'll start accumulating for a long term play at $2.17 if it gets there,- all the way down to $1.90 in 5 cent increments... Will then hold into mid January 2019 or $2.95, whichever comes first..
So this wave count is nearly impossible to make out. But I believe that we are near the top of the beginning diagonal and should make a brief correction soon. I tried to get a measurement of the beginning of the wedge for a measured move down. Interestingly it is nearly perfect with a .618% Fib assuming I lined up with the correct bottom. The volume is...
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...
Contrary to what sounds expectable, based on what have been happening in the previous years, the coming months are not too bad for gas prices. I think gas could easily move upwards (over $3.00) as inventories have been short from where the mkt was expecting in most of the previous announcements, and cold climate is not over yet. Technicals also point higher, most of them.
Natural Gas from the weekly chart clearly is in a longer term downtrend. From the daily chart we are now for the 2nd time at a .62 retraction of the recent rise. IFFF the sideways action since is what the EWT folks call a "flat" we may well be ready for a sizable up move. Stay tuned. Feedback on this would be greatly appreciated as the picture is far from...
Here on a smaller time frame....I am expecting another push up tomorrow to complete the larger wave 1. I will probably sell at that point and buy the dip. Hoping for a .618% pullback before the real big run starts. GL