These are the fair value and top/bottom edges to trade off on the daily chart. There is a clear rejection off the lows and it looks like price could move higher into liquidity above 5 as winter approaches.
Natgas (NGF2015) didn't manage to move above 4.60 resistance. Double failed attempt (11nov14 & 20Nov14). A trade below 4.337 is bearish. 1st Target objective 4.044 (median line) by Friday the 28Nov. 2nd Target objective 3.733 (median line) by the 10Dec2014.
I published it on FB, we got a nice ride to 4.4- now correction time- should not fall below 3.80.
Weather, Trends, Flag pole formation point to more downside in November. Going to start a long position at $3.55, then add at $3.46, $3.55 and at 3.21 if it gets there. This is my first time trading Natural gas so wish me luck
We saw a structure break with no pullback potential and therefore we can expect next structure retest. Entry: Around 3.62 SL: 3.8 TP: 3.4
Downtrend started in June 2014 followed by range trade from August to October 2014. Twice failed breakout to the upside: the 2nd one on the 01 Oct 2014 more significant proving that the trend is bear (below the 1x1 Gann line). This morning (16 Oct 2014), after the usual weekly inventory report, we had a final move below 3.80 support level.
Entering short on weekly flag breakout. Next support 3.150 in one month time (16Nov2014). Will post they daily chasrt soon. Funds adding more shorts (see COT data).
Reaching major trend reversal area. Looking for upside towards 4.55 target on Natural Gas futures. I am currently long $UGAZ.
Trade cancelled - this pattern is not convincing enough!
After a pause in August and September 2014, the bear trend seems resuming at this point. Failed breaskout to the upside today (1st Oct 14). The bear 1/1 Gann line has proven resitance. Market is poised to move lower towards 3.500.
Hello.The previous trend line has been smashed and now we have a new one (uptrend line).Aften the sudden mark up we had a destribution and a support level.In this level the buyers tried to keep the price but we had 2 times resistance at 38.2% fibo level which mean that sellers were aggresive too.Buyers lost the "battle" and gave second opportunity to support the...
We have multiple support levels that held up and a breakout that occurred. COT was extremely short and there will be short covering. How big is the move going to be? Looking for at least 4.10 and 4.30 on the higher side.
For the first time since I've added NG to my watchlist two months back, its weekly and daily charts are pointing bullishly. NG has been testing a 2yr plus uptrend support over the last few months, and is flirting just above it currently ahead of tomorrow's inventory figures. Weekly RSI, Stochastics and MACD are all turning up. For those who've never traded NG,...