Natural Gas Futures

after long trade now changed to short trading , EW trading

ng rebound

Until NG breaks the U-MLH, I look to take short trades. P!

D.

Critical support at 2.53 region, break below would see further down side for NG. 2 trading scenarios: 1) Anticipate a sell-off with a half sized short position now with stops at 3.5 and load the remaining half after the break below 2.53. 2) wait for clear confirmation to break below 2.53 and short on pull back.

Natural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left. This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG

On monthly chart, the price action indicates a change in trend. Why is it a Change in Trend: 1. Price action making lower Highs (LH) and Lower Lows (LH) on monthly chart created a downward trend channel. 2. Now the price action made a Higher Low (HL) as indicated in above chart that indicates rejection of lower prices and buyers entering market to control ...

correction after entering buy side give us good profit making trade

Nat Gas is currently entering a bearish month seasonally. Since 1990, the July win percentage is only 41%, and to make matters worse losing months averaged (60)cents while winners averaged .42.. So you are looking at 2-3 pot odds along with your lousy odds of making that hand. The COT currently shows a mixed picture with Commercial Hedgers sporting a relatively ...

Natgas should go short 2.624 and make a triple bottom. Then upside big time.

I thought we would get a more aggressive wave 2 but yesterday was weak and so is today. This would suggest that there is more downside and the bottom is not in yet Storage build 61 vs 58 not a deal breaker. The energy sector in general pulled down by oil My plan will change again if wave 2 is not completed yet. Trade above 3.082 as part of wave 2 would suggest ...

am I crazy ? I think so, but maybe everyone else is :-)

Big guns are long and it does seem like it is just about ready to turn up

Ya just gotta love this stuff... I don't know that it can get any more text book than this. Classic TA meets Elliott for a potential big swing for the fence. You don't see a prettier hear and shoulders than we have on the daily. Take it down to the hourly and you have a very nice impulse wave unfolding. If the trend is string enough the turn at the 38.2 has ...

Natural gas has recently fluctuated in downtrend channel due to high inventory and tepid demand. According to the chart, it is on course to form a head and shoulder pattern in long-term. In my opinion, 2.88 support line(Target 1) will be tested in short-term, if NG breaks through support line, prices likely to head to target 2 or even lower. However, I remain ...

NGAS has formed a Bullish Cypher and is currently in a PRZ. I will be placing this on my watch list to check for RSI divergence and price to break out of conslidation on the Daily time frame. As always, Thanks for checking out my ideas and please comment and like. I am also available by PM if you have any questions.

Has a good likelihood to run up next week. Price based well and now squeezing (gathering energy) for a run.

Short UNG here, stop 7.11 Take profit is a negative close today. If this event doesnt happen, then we hold overnight.