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Naturalgas becoming attractive wait for setup Long

Diupdate

Naturalgas looks like good play.

Its dropped alot, and is stretched far from avrages for weekly, monthly, daily.
It looks like its finding support and winter is not over in europe or the US.
I will look for a setup and enter next week. You can play UNG to take advantage of the opportunity.

Catatan

Also there are many forcast saying we might get a El Nino year for weather.
Last time in 2018-2019 it was super hot and dry and alot of fires in europe.
All europe need for a disaster is warm weather, dry, hot, little rain. including the nordic countries and its a disaster for energy prices.

Be patient for the entry and have it on your watch list. If a good entry shows for next week, it might be a good rewarding trade.

Catatan

Subscribe for more quality ideas based on many toolkits and not just that you see a pattern on a chart LOL. i will be posting my trades and hopefuylly you will have the same sucsess as me.

Catatan

Stil on my watch list. But i am considering an entry. I like the price and setup.
My play is to find a stock that sells natural gas and that has high margin og safety.
But leveraged to higher prices when selling gas.

Catatan

Catatan

I belive a good entry can be obtained between 3.4 - 2.2 i am wathcing it closely now.
I want evidence that buyers are coming back and we get support. The way i will play it to screen for good gas producing stocks, that can benefit from higher gas prices.
Plenty of them and alot have been hammerd in the down move.

Dont buy to early a falling knife is a falling knife.

Catatan

I bought Tellurian for a price of 2 today to play the natural gas trade.
I was considering the etfs for gas but they are leveraged and didnt see a nice setup.
This looks good on a macro level, anc technical level. Also weekly cycles supports a upmove.

Catatan

The intraday 1 hour natural gas chart is verry intresting to watch right now.
Trendlines are tested and broken, also the break of the avrage will be strength and mybe we get a retest of the higher trendline.
If it fails to break these levels there are more dowside risk/pullbacks.

Catatan

The trade inn symbl:TELL
Is stil going well, the pattern is intresting when it crosses the 200ma (hourly)
then chances of strength increase. Lets see if the same happens, hopefully supported by higher gas prices.

Catatan

Stil watching ngas carfully. Hoping for some evidence off support.
Thi year feel alot about ngas being dicated with weather if you can combine global weather forcast long term with price showing evidence of support, then this might be a good trade. But dont stress, pice comes to us and we dont take positions to early.
Small position in TELL is stil active and will add to it as the price pullbacks, then ride the upwave.

Catatan

Based on COT, the smart money is increasing longs, this will be interesting to watch.
Mybe we need energy inflation before the inflation expectation changes and dollar moves up again. Looks likely.

Catatan

We are stil patient with natural gas, its getting close but stil litlle early.
My system has not generated a entry or price levels. Will post when i get it.

Catatan

Be patient, and never try to catch a falling knife. Stil early, but on my watch list.

Catatan

Cycles show a possible entry early febraury, be patient.

Catatan

So far we have stayed out of trouble, i see alot of people trying to catch a falling knife and this will make you lsoe money, trying to force a trade.

A trading idea can only be executed with evidence. We still belive NGAS will have rallies, but we will be patient. Once everyone in tradingview is bearish again, then is probally the right time.

Catatan

Its important to have capital and focus ready, ngas will bottom in 1-2 weeks time.
I am using the 21MA as confirmation for entry, and the next pullback after the confirmation i will take a big position. I am trading gas stocks that are leveraged to increase in gas price, you can trade UNG or BOIL if you dont have any stocks.

Since we waited and was patient so long, its important to have focus in those periods when a entry is likely with evidence. Hopefully it will be worth the wait.

And thanks alot for fallowing and liking, appriciete it.

Catatan

Look my new Ngas idea for Boil. I will be updating there. But my system gave clear direction for next week. See you on the other post, thanks for fallowing and liking.

TradingIsNotGambling

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