11. 29. 22 Stop and reverse trading: Part 1. Because of my eyesight and physical disabilities, it is exceedingly difficult for me to fill in this section. Either I talk or I walk.
As you can see from the Daily Chart, price action is at the outside of the Linear Regression so it's possible this week price action could drop...maybe under 6.
1 - late last week both European AND UK NG price dropped
2 - Weather is looking steady, certainly on the cooler side, but still no snow really in the forcast for basically all of the U.S.
3 - China is in...
A difficult situation has developed in NG.
Inventory and supply issues pushed the price to record levels. Our preferable scenario is to rally up NG to $12.78, falling below $4.77 will change our view on NG.
Natural gas is showing bullish signals on the weekly time frame. Here’s a long opportunity.
=> Exit at first reversal signals (basically from fondamental news).
11.25.22 I talked about oil and natural gas. The main discussion was on oil because door stop and reverse patterns that I want my two students to focus. I want them to battle through this, even if this causes physical injury because of a difference of opinion... because I think this will help them. Even if they are not stopped and reversed Traders, The Dynamics...
Natural Gas (NG1!) hit yesterday the Lower Highs trend-line of the August 22 top and today we see the first signs of a rejection. Until this breaks decisively, we can expect NG to pull-back to the 0.382 and 0.236 Fibonacci levels.
Based on the 1W RSI though, which is on a Falling Wedge since the October 01 2021 High, there is still some room to rally, and if...
Looks like somebody overindulged on caffeine yesterday since NatGas jumped quite high to complete wave a in pink. We're currently expecting the course to drop back below the resistance line at $7.221 to finish off wave b in pink, before starting another climb above this mark. As soon as NatGas has crossed $7.221, it should rise further to complete wave (B) in...
FINALLY!! lol My original trade from like 2 months ago which was a Buy Order at 7 I finally closed this morning at 7.3 for an ok 300 point profit.
As you can see from the chart, I have no more open trades. I'm going to stay on the sidelines as this week is a short trading week because of the American Thanksgiving.
Between now and Sun night?!?!? Who knows...
Natural gas , last move up was quite week, and whiteout foundation.
Will be glad to take it at 5.000 and let it go.
If it break the top, will go for that patter as I'm showing.
Once again on commodity, I would trade future on 03.23.
NGAS - As observed in previous heating seasons across EU, US, and Central Asia, there is a strong possibility of raising the demand for Natural Gas, instabilities in delivering, producing, and trading the blue fuel may soon lead to a not-so-cheerful holiday season in the EU and the UK. Panic is raising and if Russia decides to continue cashing on that fear, we...
