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natural gas... fail or fly. I think the latter/ lets go to the chart
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Mr Enigma
Posted 10/2/2015 06:25 (#4819029)
Subject: natural gas... fail or fly. I think the latter/ lets go to the chart


natural gas was just shy of hitting my target this morning of 240 and I will now be looking to get long this market as a turn in prices could begin to happen. the charts below are daily and monthly. (risk reward here is very rich here). we also are staring at monster of a head and shoulders formation on the monthly chart that could complete anytime now. I will be looking for a bullish candle here on the daily chart and may even buy at these levels in anticipation of one. The low of the left shoulder was around 2.409. lets see if we get that bullish candle today. (position; long dec at 2.61 )

Let me hear your thoughts

Edited by Mr Enigma 10/2/2015 06:36




(ENGX15 ~ Daily_10022015_071543am.jpg)



(ENG ~ Monthly_10022015_073123am.jpg)



Attachments
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Attachments ENGX15 ~ Daily_10022015_071543am.jpg (63KB - 471 downloads)
Attachments ENG ~ Monthly_10022015_073123am.jpg (73KB - 510 downloads)
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