Gooood morning guys,
As always I keep things brief and simple
Short on
NATURALGAS
actual price 3.50$
FIRST TARGET --> 3.00$
SECOND TARGET --> 2.75$
Why?
- Stocks are full in Europe
- Seasonality, Autumun season boosts in the beginning of October stabilizes till mid of it and crashes in the end of the month. I'm just following the cycle.
What could go wrong?
- Israel events happened and we still have to see the effects with other exporters arab countries I don't think that something is going to happen as the '73 crisis (I don't have a sphere to predict the future)
- The stocks are not full in the US
- Thyphoons in the US
- Unexpected decrease in temperature
- Seasonality not respected and sudden big speculation on the price of NATGAS
With that being said I just share my opinion here and I repeat don't have a magic sphere nor I'm god so future is always unpredictable I just adapt to change and keep up to date.
oh and yeah TradingView already says that but I'm going to say it again I AM JUST SHARING MY IDEAS NOT FINANCIAL ADVICES HERE
Peace out
As always I keep things brief and simple
Short on
NATURALGAS
actual price 3.50$ FIRST TARGET --> 3.00$
SECOND TARGET --> 2.75$
Why?
- Stocks are full in Europe
- Seasonality, Autumun season boosts in the beginning of October stabilizes till mid of it and crashes in the end of the month. I'm just following the cycle.
What could go wrong?
- Israel events happened and we still have to see the effects with other exporters arab countries I don't think that something is going to happen as the '73 crisis (I don't have a sphere to predict the future)
- The stocks are not full in the US
- Thyphoons in the US
- Unexpected decrease in temperature
- Seasonality not respected and sudden big speculation on the price of NATGAS
With that being said I just share my opinion here and I repeat don't have a magic sphere nor I'm god so future is always unpredictable I just adapt to change and keep up to date.
oh and yeah TradingView already says that but I'm going to say it again I AM JUST SHARING MY IDEAS NOT FINANCIAL ADVICES HERE
Peace out
Trade active:
I just want to disclose my position, I have the trade still open.
What I see now is a possible double top or break through..
1st case scenario I'll double my position on shorts (this after confirmation)
2nd case scenario I'll start covering the short and accept the loss
What I see now is a possible double top or break through..
1st case scenario I'll double my position on shorts (this after confirmation)
2nd case scenario I'll start covering the short and accept the loss
Trade active
Comment:
We are on the area of the $3.00 I'll close half of it and check on how it's going to evolve the situation
Trade closed: target reached:
Well I'll anticipate and close all of my positions right now. Nice Ride
Remember that today the NATGAS stockage is being released. so be careful to volatility