After a potential exhaustion gap yesterday, prices have recovered which increases the probability that yesterday was indeed an exhaustion gap. The price chart is forming a potential falling wedge and cup and handle failure pattern with an RSI divergence. I suggest taking a trade: Enter with 1/3 position now. Add 1/3 if prices close above 2.62 and add the last...
This is a long term trade. We have some technical and fundamental reasons to buy the gas. Technically, we see the price is rejecting from a long term support: On D1 chart the price made a false break and today opened with a gap. A nice chance to enter with a better R/R ratio. There is a double bullish divergence on MACD in play. The SL and target levels are...
I think that April/May is very good time to buy some tickers such GAZP, NVTK and related stocks and furures in NG sector
go long NG, but if we have a daily close below the base of the triangle, we are out... Sentiment is extremely negative, traders are long at historical levels, and seasonality is helping... BUT we only want to be long above 2.70 aprox...
Natgas (NGJ15) continues its bear trend towards 2.000. A trade below the pivot low and trend-line confirms the short set-up with first target 2.45 by Friday (13mar15). A strong close below the ML would be extremely bearish opening to more selling pressure towards the lower parallel
I need to check this with Trading View support team...never happened today!
The support zone is clear - Too clear So this time, i wont act on it. I am watching and if the next few months bring the front contract at ridiculous levels below 2.00, 1.00 maybe who knows, then i ll buy the front contract. Nothing here for me. If there was something it would be a buy and i dont feel it. So neutral.
Another point of view for Natgas (NGH15). Natgas is not gaining momentum to the upside and it seems that the bears forces are still in control. A trade below 3.780 would confirm this scenario. Targeting 2.328. Great risk - reward.
Natgas (NGH15) reached support at 2.800 the first two weeks of Jan2015 and is currently setting up for a long trade towards the median lines intersection at 3.600-3.700 (expected on the 05Feb2015). At 3.60 the bear trend could resume.
Blue #'s are gas in storage. Red #'s are the weekly change in storage.
Natgas (NGH15) reached support at 2.800 the first two weeks of Jan2015 and is currently setting up for a long trade towards the median lines intersection at 3.600-3.700 (expected on the 28Jan2015). At 3.60 the bear trend will probably resume.
Natgas (NGH15) reached support at 2.800 the first two weeks of Jan2015 and is currently setting up for a long trade towards the median lines intersection at 3.600 (expected on the 29Jan2015). At 3.60 the bear trend will probably resume.
Trend lines for the long term picture No bottoming sign yet Safe trading ladies and gents! @BLawrenceM
There is support at 2.80 but i think the big picture is seeking lower.... There would be a strategic buy at 1.70 if it falls further.
For the past few months, the one silver lining to the energy complex - with crude oil plummeting to levels not seen since 2009 - was nat gas, which soared to the mid-$4s in early November on expectations of a brutal polar vortex for the second year in a row sending heating demand surging. Well, so far the "harsh" weather, which was blamed for the epic collapse in...
It looks like the large institutions got the liquidity they were looking for as they rejected the break and reversed back into value. Prices quickly gaped up as other traders saw the rejection and were willing to pay up as they know that prices are going to head higher. The target is the breakout into fair value and if prices hold this level, prices are going...
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.