Rug pull on NATGAS. It's so fun watching NATGAS. You have to wonder if it's going to hold 2 bucks. 2.11 is a gap. WTIC getting gourd down under it's 30, 40 and 50 dmas today. I was expecting it to go to 60-66 awhile ago but OPEC jumped in and did their cut to pump prices.
I love futures on nat. For the most part I only trade one contract. Normally 1000usd a day or more. You gotta be quick with nat gas it’ll move against you so fast.
I just glanced at the NATGAS hourly chart. Seems it just got dropped under it's 50MA and it just testing it this morning ie 2.22. Should be interesting to see if it gets rejected.
What I see is a very quick spike into the 50dma at 2.37 after some sideways action and then a sell off to the 20dma around 2.19. It still could go either way imo. So it's trapped in a range between 1.98 and 2.37.... Last bounce was off 2.10. And that's kind of looking like a head and shoulders on that last chart you showed, so be careful everybody!
/NG Natgas a look at the charts -- last Fri it put in a lower low at 1.946 But bounced right off & ran up 3 days in a row -- the key RES level the 50sma now at 2.36 stopped it from running higher IF it can close above then 2.534 - 2.67 - 2.83 the retest 3.027 -- downside watch the 8sma at 2.185 & the 21sma at 2.151 Key Support levels IF lost then the big retest is 1.946 Fri low -- now the 8sma crossed above the 21sma a bullish sign so watch the 50sma at 2.36 on a closing basis Irontrader.Wallstreet youtube
Fantastic man !!! Incredible…
As you teaching us before trend is your friend
Rug pull on NATGAS. It's so fun watching NATGAS. You have to wonder if it's going to hold 2 bucks. 2.11 is a gap. WTIC getting gourd down under it's 30, 40 and 50 dmas today. I was expecting it to go to 60-66 awhile ago but OPEC jumped in and did their cut to pump prices.
Hi, What do you think about tellurian is it good time to buy ?
I love futures on nat. For the most part I only trade one contract. Normally 1000usd a day or more. You gotta be quick with nat gas it’ll move against you so fast.
You’re the only trader which makes me believe that it’s possible to make a living out off trading. Thank you!
I'm going to sit on the sidelines on this market for a long time! 😂
Thanks David.
Once bitten, twice shy! Don't blame you - it is still crazy.
Interesting, do you think there may first be a swoon down to fill the gap? Thanks.
It’s Natural Gas so anything is possible!
@@davidjonestrading ain't it the truth!!
Thx so much!!!
Not sure about Nat gas. But I trade UNG and it has been following the US dollar.
I just glanced at the NATGAS hourly chart. Seems it just got dropped under it's 50MA and it just testing it this morning ie 2.22. Should be interesting to see if it gets rejected.
What I see is a very quick spike into the 50dma at 2.37 after some sideways action and then a sell off to the 20dma around 2.19. It still could go either way imo. So it's trapped in a range between 1.98 and 2.37.... Last bounce was off 2.10. And that's kind of looking like a head and shoulders on that last chart you showed, so be careful everybody!
Even as an investor in natural gas, like me, it's good to hear from you, David
thank you - but as the buying goes long its got to lose by the SWAP
everytime my contract expired i had to pay more for new contract this is realy painful
Wait for the triple test of 1.95
You have some Great Hair Genetics for that age I must say David..
Thanks for noticing!
Buying at dentist o'clock 😅
NATURALGAS sell your ya buy
/NG Natgas a look at the charts -- last Fri it put in a lower low at 1.946 But bounced right off & ran up 3 days in a row -- the key RES level the 50sma now at 2.36 stopped it from running higher IF it can close above then 2.534 - 2.67 - 2.83 the retest 3.027 -- downside watch the 8sma at 2.185 & the 21sma at 2.151 Key Support levels IF lost then the big retest is 1.946 Fri low -- now the 8sma crossed above the 21sma a bullish sign so watch the 50sma at 2.36 on a closing basis Irontrader.Wallstreet youtube
this is something very useful simple and sensible analysis....
@@moment.with.harshh Tnxs I like to keep things simple yet effective