Long that Natty ZoneDirectional Bias: Long
Price Target: 3.3+
Good Entry: 3.065-3.115
Risk/Reward: Max of 40 tick risk / Potential Reward of 200 ticks.
BOIL
NATGAS Range Interesting Adam-Eve bottom pair potential.
Also, here are the levels that I'm watching. Anything could happen here, and would not be surprised to see it hit the bottom Green line or break above the resistance Red Line.
Short term support at black line.
Current position at Black line. Will continue to accumulate more if we come back to the black line, and double down on at the Green Line.
Swing Trade
NatGas trade ideaLooking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
NATGAS, BOIL long ideaLooks like a bull flag forming on NATGAS tracker BOIL 2x. Id like to buy in on the next tag of the lower flag line. Around $11
NATGASNatural Gas changing directions. Making a move higher after stair stepping down. LONG BOIL for a continuation.
NatGas, BOILLooking at NatGas here. Looks like we had a reversal a week ago, then a retest. I could see a good move here with little risk to the downside. Set your stops at Yesterdays lows. Should not test again. Upside target to the 200 ma
Natural Gas. Looking it over. How it looks to me.Natural gas is such a great clean source of energy. A favorite for homes. Likely someday will power cars as well. Hard to believe longer term it will not become more expensive. But currently clearly in a shorter term downtrend (down about 5% today so far).
Looking at the daily chart it looks like we have already had a 5 wave up move and are now are in a abc correction. IFFFFFF correct when the correction is over I would expect at least one more 5 wave up. The colored target box seems is where I think the correction may well stop. Will be watching for positive candles or down trend line break.
Hope this will be helpful. Take care. Have a good week.
UGAZNatural Gas looks to have hit a double bottom. RSI oversold. I'm looking for a bounce here, maybe to the 200sma. I'll play this move with BOIL.
NAT GAS, UGAZUGAZ looks to be breaking out this morning. It looks like a BULL SHARK pattern just completed. You can now expect a 50% Fibo retrace higher to about $38.68. BOIL is another way to play it. I'm not taking this trade, but it should work out.
NATGASNatural gas seems to be breaking out. Looks to me like the 2nd daily cycle is starting. AB=CD target would be around 24 for BOIL. I can't trade UGAZ or I would. BOIL is a 2x leveraged nat gas ETF.
