Posted by johnny2012 on 18th of Aug 2021 at 05:03 pm
For those of you following natgas. I drew in a channel the other
day it seems to be respecting for now. Also a diamond continuation
pattern zoomed in on the hourly. These are from my cell phone since
I just trade futures on the side. Anybody see anything interesting
considering natgas let me know. Very weather related for sure.
Tropics are quieter right now with cooler weather predicted through
end of the month. My near term downside target is 3.697.. Any
feedback is welcomed.
I follow /NG, mostly playing through UNG. But on the
futures chart, I drew a diamond reversal (different location than
your diamond) with a pattern target of ~$3.50. Price is
currently around the 50MA, so first need to see if that holds or
gives way. Similar looking pattern on UNG (not shown).
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For those of you following
Posted by johnny2012 on 18th of Aug 2021 at 05:03 pm
For those of you following natgas. I drew in a channel the other day it seems to be respecting for now. Also a diamond continuation pattern zoomed in on the hourly. These are from my cell phone since I just trade futures on the side. Anybody see anything interesting considering natgas let me know. Very weather related for sure. Tropics are quieter right now with cooler weather predicted through end of the month. My near term downside target is 3.697.. Any feedback is welcomed.
I follow /NG, mostly playing
Posted by rjdst on 19th of Aug 2021 at 11:48 am
I follow /NG, mostly playing through UNG. But on the futures chart, I drew a diamond reversal (different location than your diamond) with a pattern target of ~$3.50. Price is currently around the 50MA, so first need to see if that holds or gives way. Similar looking pattern on UNG (not shown).