Natural Gas

We should be back at 3.1 this week.

We had our convincing bounce from the lower trendline near to the 400 SMA. I was close to call the bottom a few days ago. But it's still not ready yet. The last bounce was showing weakness. We weren't able to tag nor the upper trendline of the triangle nor the 200 SMA. We are waiting for an intermediate low at this point in Natty. A rally out of an intermediate ...

pattern like 2013

in the NATURAL GAS script just a Bearish BAT pattern completed in 1 HR time frame....So we can enter a SHORT

Wedge pattern typically returns to the start of the wedge. Measured move leads us to Target #2 though.

NG - possible rise : 4h - RSI 30% and devergance - Stoch - cross Target 3.05

DETAILS ON THE CHART!!

Head & Shoulders here.

Short

Natgas could be nearing the bottom of E as part of a symmetrical triangle. If that is the case we could see new highs being printed going into the US winter

Hi Guys, the NATGAS is in a corrective structure ,this is one possible way it could develop. Enjoy your weekend. Thank you for your support.

NATGAS

Main trend still bullish for Oil against NatGas...

Failed breakout probably nesting longs between 2.70-2.5 $UNG

Up Trend. Price outside the upper band of regression line. Bullish engulfing.

Up from here!

Down Trend. Price outside the upper band of regression line. Candlestick reversal pattern. Overbought indicator.

On Oct 2nd NG was not able to touch the bottom of triangle, but it did today (perfectly positioned with our daily Bollinger lower band). It's now time to go long and make our first stop somewhere above 2.95's. Keep in mind the triangle is getting narrower and we make have a breakout which is why this may be a multi-stop trip. I started my position in UGAZ at $10.37.