What's your view on natural gas long term?

Discussion in 'Commodity Futures' started by Sequoia1321, Jun 27, 2020.

  1. Cannon_Trading

    Cannon_Trading Sponsor

    Daily on the right, weekly on the left. Looks like we are about to fill the gap from Sept. 24th. This market has been extremely volatile both ways.

    #31     Dec 28, 2020
  2. maxinger


    NG gapped up 3% during the start of the week.
    Usually, after a big gap, I would trade it for the next 24 hrs.

    The weather must be changing rapidly.
    #32     Jan 3, 2021
    Cannon_Trading likes this.
  3. Cannon_Trading

    Cannon_Trading Sponsor

    More than a few gaps on the hourly chart.
    Some levels to watch both above and below:

    #33     Jan 3, 2021
    maxinger likes this.
  4. maxinger


    typo eror.

    I wouldn't trade it for the next 24 hours.
    #34     Jan 3, 2021
  5. Handle123


    Been on long side since 2009, always the same of taking profit on a percentage, might get 1-2 add on trades, might hit target on percentage then watch all get stopped out at bit better than breakeven stops. It's all madness and waiting game of spike much higher.
    #35     Jan 3, 2021
  6. treeman


    There's a bullish accumulation that has been going on for 10 years, so I wouldn't expect any sudden moves in the short term.

    Treating the June low is a Spring low gives you a real solid entry buy stop @ 2730 stop below 2547, and hold for years with a target of 13000 or so.

    If it fails that, I wouldn't look at it again until it clears 3396, same target. We are talking years though. 5+ maybe more. Maybe 10. That's a lot of rolling. Profitable rolling if you can set your reminders.

    How's that for long term? These are the type I like to do 2-3x leverage on and find something that has as little correlation to it to pair it with to reduce the overall volatility. Say like Palladium, which has an interesting long-term buy point nearby, with a tight stop (for long-term purposes).
    #36     Jan 9, 2021
  7. maxinger


    When the market opens next week, is NG going to gap again?
    #37     Jan 9, 2021
  8. maxinger


    when the market opened just now, NG gapped down 3.7%
    #38     Jan 10, 2021
    Cannon_Trading likes this.
  9. heispark


    North Asia is very cold unexpectedly and Europe is getting colder. U.S. may experience the same soon. Watch carefully. I have somewhat bullish view......
    #39     Jan 10, 2021
  10. heispark


    Also, S&P 500 Energy Index looks bullish....
    #40     Jan 10, 2021