BOIL
NG1! Head and Shoulder Bearish PatternA little updates on Natural Gas for those who are following NG1! and UNG closely
Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF.
Chart shows a possible Bearish Head and Shoulder pattern for NG1!
Also we are seeing tons of Bearish Divergence on RSI and PPO
Bearish if no one buys at 8 I personally believe it will fall next week to $6.9.
Even with 2.5% or 5% equity risk with 2 or 3 leverage, this is a good trade to be on the short side.
What do you think?
Natural Gas. Trend to watch 2022Natural Gas is trending very nicely here. The one commodity that is feeling upward pressure without respect to broad market activity.
Finding the fastest horse in the fastest sector is how trend traders stay relevant. Natural gas leading commodities. But still worth keeping an eye on other trends in commodities to continue upward in current market .
Nat Gas Should Hold Support @ $6.5The natural gas market has been supply constrained ever since the Russian ukraine war started. The war is significant to the natural gas market because Russia is the worlds 2nd largest producer of natural gas. Russia also holds 20% of the worlds natural gas reserves. NAT GAS is trading above a crucial 10 year resistance level around $6.5, we broke this level around April 13th. Since breaking that level we saw NAT GAS trade up to $6.5, now we are seeing NAT GAS come back down to this level, I believe we see this $6.5 level hold and NAT GAS move higher
UNG - Direction depending on PutinSorry, I started a new job and haven't been actively trading.
UNG - Nat gas has been very volatile lately and partially connected to Russia war news / European supply. Bearish view - Head and shoulders on daily.
Bullish view - Break over $16.20. *Russia controls a Nat Gas supply to 15 Euro countries.
Have a great long weekend!
WATCHING $BOIL for entry at 27.07WATCHING $BOIL for entry at 27.07
Watching Natgas on the pullback… If it retraces back to the entry… I will take a position, for a potential 58% upside to sell target 1…
Support is slightly under, and double target at 11.13
Let’s see what happens…
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$BOIL NG LongNatural Gas appears to be breaking out of a classic Wyckoff Accumulation pattern and has now accelerated through overhead trend line resistance.
Good Volume uptick
Bullish RSI Confluence
Positive MACD
I'm Long BOIL shares as a sister trade, holding for more upside.
Expecting an RSI cool off, but as long as price stays above green EMA cloud, I'm bullish on this trade.
BOOOOOM. $BOIL hit target today for 62.89% in 29 daysBOOOOOM. $BOIL hit target today for 62.89% in 29 days
I’m just noticing now because it closed in premarket and I was so captivated by SPY today…
62.89% in 29 days!!! This is why I love trading NatGas!!!
Still looks bullish with a possible Golden Cross incoming so if you’re still in good luck…
I'm out... Until next time, BOIL
-----
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$BOIL Target 39.24 $BOIL Target 39.24
Alright… moment of truth, haha… will BOIL bounce up off of the red 35EMA and hit target.
I was tempted to take profits yesterday but I did not… so let’s go…
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
KOLD - Our Biggest Bet YetWhat is KOLD?
KOLD is 2x bear Natural Gas ETF that moves based on the price of Natural Gas futures.
Natural Gas futures shot up to insane levels this year, and we believe that natural gas prices will drop very quickly.
Natural gas futures usually rally 3-4 months before winter starts.
This is because energy providers across the world are trying to price in a good deal for when the winter season comes.
Now that winter is here and will be over quickly due to global warming, Natural Gas prices are dropping fast.
Making KOLD gain quickly.
We've been buying KOLD since it was $7, and slowly adding in at $8,$11,$12.
We will be adding more as this is one of our biggest positions.