PEG1! trade ideas
NATURAL GAS- SUPPORT ZONE FOR BUYING PRESSUREThe NATURAL GAS price will likely make his support between 1.05-1.15, there is no BUY to be done until this area.
Note also that the latest time the price reached the 1.05 was in 1992.
Short Natural Gas around 3.290-3.30 tgt 3.200/3.10/2.90huge fall expected in NG Day chart . so , Short Natural Gas around 3.290-3.30 tgt 3.200/3.10/2.90
SHORT NG in Horizontal Broadening Wedge or megaphone on daily chUsually Ascending megaphones has downward breakouts, while descending has upward. Horizontal is rare case, this usually turn in to continuation of trend. First wave entering in to pattern is downward. So we can hope the price to go downward after breakout from the pattern.
buy natural gas @ 2.620 sl 2.50 tgt 2.70/2.80/2.90chart says long position in natural gas tgt for 2.90
NG -- About to kiss neckline of Head & shoulder patternAs we all know , NG is trading in H & S pattern from so many days. Now final shoulders downward moving wave is about to kiss the neckline of H & S. You can experience huge selling pressure in price movement. Since last 5 trading days , traders use each & every upward move to short. So price will surely touch neckline. We all should cautious, when price will prevail around neckline because H &S pattern has bad habit to come above neckline for little time and force the bears to cover the short. After that price gives real downward breakout. For example see yesterday silver H & S breakout. Price came up, above the neckline and after some hours again tumbled down heavily.
NGAS ON SHORT-Nice place to enter short on ngas after neck line of HS broken
-more over major trendline is broken and flag formations also going on
dont miss this trade
-Trade with care and safe
Natural Gas- Moving into the control of BullsNatural Gas has formed a triple bottom near the 2.55 $ mark and is poised to move higher in the coming weeks. Stop at 2.55 and targets are 3.30 to 3.5 zone.
Natural GasThe down move is looking exhausted.
Look for good long setups on lower time-frames, with strict stoploss
