LONG COGExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Natural Gas
Natural Gas - Summer 2020As of now, expecting lots of chop within a range between $1.50 and $1.83 all Summer.
Supply is abundant and demand is slow however, bankruptcies from 25-year low prices will soon take chunks out of production and demand may have bottomed already. Hot weather forecasts in high demand states (the South and Northeast) should also pop prices. Risk to the downside is if New York starts locking down again, signalling more demand loss on the way.
Trade strategy:
Buy near the bottom of the range and sell near the top and/or on bounces from the 200 (4hr) EMA
If there is a daily close below $1.50 or some kind of big push below that level I'll close all positions.
Active trades ($QG Natural Gas E-Micro Futures):
+1 @ $1.53
Natural Gas Bounce Important Price Levels Natural gas has started bouncing after significant declines. The strength of this bounce will likely determine price action for the summer.
See previous charts for reference.
Trading plan for Natural Gas- Short Strategy – NG1The market goes back down but two resistance could limit the fall
And don ‘t forget to take your profits…
Natural Gas - Good option for long-term investmentPrice of the Natural Gas is on the floor and this situation is bad for most of the companies and when the summer go away we will use more gas and the price will go higher (supply/demand). (Possible correction till 1.40$-1.50$).
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Trading plan for GAZ - Short Strategy – NG1The market goes back down but a major resistance could limit the fall
And don ‘t forget to take your profits…
Trading plan for Natural Gas - Short Strategy - NGSell : 1,673
Target : 1,639
And don't forget to take your profits...
UGAZ Price TargetsNatural gas weekly cycle update with UGAZ prices added.
UGAZ has decayed about 70% since the April 2nd low.
