Posted by retirefire on 4th of Oct 2019 at 09:17 am
I just looked at daily charts and both UNG and UGAZ tagged and
closed near their ema (5) yesterday. In hindsight could a short
trade have been taken there? Would that be considered a trigger for
DGAZ ?
retirefire - that (the 5 ema) would be the first area of supply
- best to track the futures if trading Natgas. I warned
about a pullback on the first pop yesterday afternoon as
something more likely to happen
The natural gas futures retraced EXACTLY .618 of yesterday's
move and now attempting to bounce (monitor)
I just looked at daily
Matt or Steve what do you think of this chart? ...
Posted by retirefire on 4th of Oct 2019 at 09:17 am
I just looked at daily charts and both UNG and UGAZ tagged and closed near their ema (5) yesterday. In hindsight could a short trade have been taken there? Would that be considered a trigger for DGAZ ?
retirefire - that (the 5
Posted by steve on 4th of Oct 2019 at 09:19 am
retirefire - that (the 5 ema) would be the first area of supply - best to track the futures if trading Natgas. I warned about a pullback on the first pop yesterday afternoon as something more likely to happen
The natural gas futures retraced EXACTLY .618 of yesterday's move and now attempting to bounce (monitor)
Nice bounce on Natgas from
Posted by steve on 4th of Oct 2019 at 10:51 am
Nice bounce on Natgas from the overnight pullback - trim and trail