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NATURAL GAS

NatGas - Missed or Escaped?I got a few messages that we missed the NatGas rally. I'm not so sure about it... Yes we missed this pop, but it looks fishy to me. We are in the 2nd daily cycle of Natty and this daily cycle was not able to run to new highs. The previous daily cycle was a great run but the daily cycle decline was too strong... We got very close to the the ICL low at 2,4$. I was close to call a DCL at 24-25th April but after that scary first daily cycle low we should have had a steeper DCL... Today's whole candlestick is out of the Bollinger Bands . This signal with the overbought RSI with decreasing volume is really strange. So I think we are not at the beginning of a new daily cycle as many traders think, but we just topped today. So I think we not missed the rally but escaped the possible false breakout of this consolidation. If this is the case and we topped today this daily cycle is left translated daily cycle with a lower high which means a failed daily cycle. Based on this speculation I will start a short trade in Natty here. It's going to be a very small trade , with small margin impact : 2-3%, maximum 5%. If I'm not right the volume will come in and we are breaking higher in the following few days but first price needs to get back between the Bollinger Bands . So we will still have time to stop out the position if we are in the wrong direction. NEW SHORT ENTRY - up to 5% margin impact. It's a very risky trade because Natty is a beast if it runs... If we don't reverse in 2-3 days and start a serious decline I will stop the position.
OANDA:NATGASUSDShort
by chartwatchers
25
NG ShortHello, Disclaimer-I'm new to all this. This Up bar on daily had no volume compared to a previous Up bar we saw on 20 March 2017-(drawn for comparison). or 4 April 2017 I don't like to recommend anything but it's a requirement to post so , Stop loss -3.200 (if this seems too close, well it's a good placement so it'll make it clear pretty soon) Potential loss of 360$ for gain of $1780 give or take commissions Profit target is 2.986 That's it. I keep it simple. Please trade accordingly.
OANDA:NATGASUSDShort
by viktor89
NatGas Stalls at Key LevelNatural Gas stalled for the last 2 days and finally sold off today. There just wasn't enough power left in the recent bull move to climb above the 7 day moving average. Price is now wedged between the 7 and 21 day moving averages. If price does drop below the 21 day moving average, I expect that price would continue to at least the 3.00 level, which is the lower Bollinger Band. Disclaimer: This post is for educational purposes only. Trading is at your own risk.
NYMEX:NG1!Short
by GoldBands
Natural Gas 2 Small Bullish Bats; Getting In On Large Bat This idea is in accordance with my larger term view of the very large Bullish Bat which completed last week @2.547 (idea linked below). I missed that entry but patiently waited for a new pattern. Now I have found 2 bullish bat patterns to get me in to the (hopefully) longer term move. One advantage to this method is that the risk is much less than with the larger Bat...stop loss for me here is the red line @ 2.529. I have entered at the first bat...will add a second contract if the price reaches the second Bat. Wish me luck!
OANDA:NATGASUSDLong
by SharkbaitAl
Natural Gas: Watching For Triangle or Bullish ButterflyEverything is pretty much shown in the chart. I have heard Natural Gas is hard to technically analyze but in my limited experience patterns seem to work pretty well. ---If price continues to the top trendline, I will look to see if it forms in 3 waves. If so, I will be more confident this is a triangle and will look to long around the E point (perhaps right after a break of the lower trendline) ---If price instead goes down from here I will watch the rectangle which is the completion of the potential Bullish Butterfly pattern. ---- Note : both of these scenarios can play out concurrently, which would make me feel even better for this trade! I am always happy to receive any comments and/or feedback in my ideas. Good luck!
OANDA:NATGASUSDLong
by SharkbaitAl
Natural Gas May Complete a Short Term AB=CD PatternEarly this morning Natural Gas broke the trendline and has begun to consolidate. Thus I am short-term bearish on Natural Gas and looking for sell set-ups. I usually stay off of the 15 minute for trade ideas but as this is coherent with my short term analysis for this pair I will look to take this trade. The bearish AB=CD pattern may complete around the .5 retracement of this impulse down which would be a nice location for the short. Once in the trade I will watch the recent bottom around 3.34 to depend whether I will take profit or hold for further targets (3.297 or beyond). **This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!**
OANDA:NATGASUSDShort
by SharkbaitAl
NATGAS Weekly - Gap filled below ..on to the one aboveStrong weekly candle filled the larger gap below from Nov 28 as well took back the 200 MA 3.30 (the caveat is there is still a smaller one Nov 21 2.852 - 2.891 but I expect it will wait for shoulder season if it fills since we've moved up for now) Tested 20MA with a convincing push up = bias remains BULL 50MA crossed above 100MA 20MA closing in on 200MA Up trend tested Nov 7 higher low 2.546 within pennies of the prior higher low Aug 8 - 2.523 imo qualifies as a double bottom - same Nov7 low was first touch & test test of 100MA support Targeting gap to 3.67 and will re-assess price action/fundamentals but ultimately think we see $4 touched before shoulder season Inventories/Production tight & increasing exports/coal converters are the main fundamental drivers but weather always a wild card GLTA
NYMEX:NG1!Long
by Fillingmyboots