NG1. Expecting a retrace

7 Ara 2016

Looks like a Fibo 361.8% extension shown that Wave 3 has finally finished on NG1 incredible bullish run. Now, I would expect a retrace and, to find an area to where the price could go, I used an Andrew´s Pitchfork. It shows a Fork line is located near the value of 2.800 which is also a 50% retracement Fibo.

Shorting Natural Gas futures from current value may look a good idea. Stops would be above today´s max value which is 3.750 and our TP is 2.850 which gives a very good Risk-Reward ratio. Targets of 3.050 and 2.630 are also perfectly valid

8 Ara 2016

İşlem aktif

Shorted 3.600 with a limit order, it activated on asian session. Moving to breakeven now

8 Ara 2016

Not

NatGas is making it difficult.. Was closed at breakeven and shorted 3.65 again. Now at breakeven. Again...

13 Ara 2016

Not

Is this it?..

P.S. Breakeven again

22 Ara 2016

Not

Tagged the median line and now bouncing back... Somebody really likes it with gas =)

11 Oca 2017

Not

Watch 3.380 level: if it holds, adding shorts is a good idea

22 Şub 2017

İşlem kapandı: hedefe ulaştı

Trade closed at 2.85