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.

    upload_2020-12-28_6-37-41.png
     
    #31     Dec 28, 2020
  2. maxinger

    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:

    upload_2021-1-3_18-11-56.png
     
    #33     Jan 3, 2021
    maxinger likes this.
  4. maxinger

    maxinger

    typo eror.

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

    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

    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

    maxinger

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

    maxinger

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

    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

    heispark

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