Natural Gas - Supernatural
I'm coming back to you in this idea with an old friend : Natty, alias The Widowmaker.
If you are a day trader just skip this idea because I definetely not going to trade in out everyday.
If you don't want to roll over the contracts just skip because I might be sitting in the position until November. Maybe more..
I’m trying to catch Natty's multi year cycle low . (3 year cycle low /3YCL/)
This is one of the toughest commodity. But you know : big risk big reward. I’m waiting for 5$ in Natgas price in the following months. So this is a 100% possible gain without leverage. In the 3x leveraged fund (UGAZ) 6x gains are not off of the table.
NatGas printed a key reversal yesterday. I wanted to wait for today's close , but with the 2,5% gains the chance is slim that we give back the gains.
So I launch the long idea here. In the next NatGas idea I will post a monthly owerview where you will understand why is this long so interesting.
In the past the key reversals signaled the bottoms:
For a few times in the following days we had a pull back but the original low was not taken out. So next week we might have a pullback near to the lows but as there is no guarantee for it I suggest at least a starter position and you can still add if we test back 2.44.
Indicator wise we have a divergence in the MACD and TSI : that is supporting the idea. It seems NatGas printed a daily cyle low yesterday and I think we are looking forward to see a good rally in the following weeks/months.
If you are a day trader just skip this idea because I definetely not going to trade in out everyday.
If you don't want to roll over the contracts just skip because I might be sitting in the position until November. Maybe more..
I’m trying to catch Natty's multi year cycle low . (3 year cycle low /3YCL/)
This is one of the toughest commodity. But you know : big risk big reward. I’m waiting for 5$ in Natgas price in the following months. So this is a 100% possible gain without leverage. In the 3x leveraged fund (UGAZ) 6x gains are not off of the table.
NatGas printed a key reversal yesterday. I wanted to wait for today's close , but with the 2,5% gains the chance is slim that we give back the gains.
So I launch the long idea here. In the next NatGas idea I will post a monthly owerview where you will understand why is this long so interesting.
In the past the key reversals signaled the bottoms:
For a few times in the following days we had a pull back but the original low was not taken out. So next week we might have a pullback near to the lows but as there is no guarantee for it I suggest at least a starter position and you can still add if we test back 2.44.
Indicator wise we have a divergence in the MACD and TSI : that is supporting the idea. It seems NatGas printed a daily cyle low yesterday and I think we are looking forward to see a good rally in the following weeks/months.
Comentarios:
Comentarios:
Nice double bottom is forming on the daily.
Comentarios:
UGAZ had a big volume yesterday.
I think when we have a green reversal candle in UGAZ NatGas will take off.
I think when we have a green reversal candle in UGAZ NatGas will take off.
