Miss the ST/GS family, hope all are well!
After a mega run, Natural Gas needs to take a break and will be pulling back before beginning a new run upwards, likely toward the $6 range... it might not go that far, but it's going to have a lot of power behind it once it reverses. The daily time frame has broken the uptrend in COG and CMF, so the uptrend should end. I believe that Natural Gas will be one of...
I am bear short term, bull long term... I opened shorts too early, it looks like it may hit 3.00+ before another correction. I was hoping to be able to open a long term Long at, or below 2.50 but based on my chart.. the current bull isn't done yet.
We seeing bullish rotation of the "point of control." Be aware of the overhead "gap" that remains as it will be an opportunity for trapped longs to exit trades with minimal losses. We will likely see longs who accumulated through Mar/Apr/May take some profits. These actions are likely to create some near term resistance. This may also result in prices...
Bulls are attempting absorb the supply evidence by the higher lows present. The theme remains that demand exceeds supply. Given that prices closed on support I believe a LONG entry is reasonable with a "tight stop" as shorts are buying into resistance. I believe we are seeing strong hands maintain their positions while new entries respect that they are...
The theme remains bullish for "natty" as we rally off of support after identifying bullish absorption. We can see 3 months of ACCUMLATION here so it difficult to estimate an upside target but we can identify some anticipated levels of resistance at $8.00, $8.30 & $8.80 as well as "gaps" created during the "markdown." We saw a decrease in cumulative selling...
Toppy looking daily, watch for sell signals.
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 $2.6,...
As I mentioned in my Natural Gas Forecast, I believe that Natural Gas is ready to move up, so I decided to check out CHK which I believe is in the NG business. It appears that CHK is nearing the bottom of a descending wedge with the potential to break out and form a great H&S reversal pattern. The hourly waves are all in good position and the Day wave is about...
Natty's bullish close above resistance offers traders well defined risk. It looks like a reasonable 1:10 risk/reward entry here with a lower volume area. The ceiling with the "value area" appears to leave plenty of room to allow prices to continue into resistance. Volume looks good; however, cumulative buying looks weak. If it remains so prices will likely...
If it's a flag, possible target 1.0 @ 2.955$
Double gapping top in a short closing rally. Makes it a very obvious re-short. Buy January 15, $8 PUTS at 0.15 each for maximum gain. opcalc.com
*Drops Dishes* WAVES! The price action travels in waves! Now would be the time to applaud. Troglodytes. Thank you @BattleAxe for jogging my memory.
Due for some pullback, nobody can deny that.