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Oil and Natural Gas

  • #3,341
  • Aug 19, 2020 2:14pm Aug 19, 2020 2:14pm
NG went up by 3¢ today slowly marching higher.
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  • #3,342
  • Aug 20, 2020 7:58am Aug 20, 2020 7:58am
The market is too big for any one person to manipulate...so I don't mind pointing...
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  • #3,343
  • Aug 20, 2020 1:08pm Aug 20, 2020 1:08pm
Quoting danasa
The market is too big for any one person to manipulate...so I don't mind pointing... {image}{image} {image}
Nice point and figure chart I haven't seen one of those in at least 10 years
  • #3,344
  • Aug 20, 2020 1:48pm Aug 20, 2020 1:48pm
Quoting Hutch
{quote} Nice point and figure chart I haven't seen one of those in at least 10 years
Still works.
I even use it for forex pairs to estimate target zones. But it is less accurate given that forex is based on paired entities, etc unlike commodities and stock that some ownership is involved.
But if used for FX, I found out Vertical counting seems best not horizontal.
  • #3,345
  • Aug 20, 2020 2:20pm Aug 20, 2020 2:20pm
NG lost double yesterday's gain or 6¢. I wonder if it's the start of a downtrend.
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  • #3,346
  • Aug 20, 2020 5:58pm Aug 20, 2020 5:58pm
Quoting Hutch
NG lost double yesterday's gain or 6¢. I wonder if it's the start of a downtrend. {image}
I think it's start of normal correction, for opportunity to join in the uptrend. Large CAUSE has been built to turn to downtrend just yet. EFFECT has to work it out, all things being equal.

Correction to $2.10 - $2.50?
  • #3,347
  • Aug 21, 2020 2:49pm Aug 21, 2020 2:49pm
Quoting danasa
{quote} I think it's start of normal correction, for opportunity to join in the uptrend. Large CAUSE has been built to turn to downtrend just yet. EFFECT has to work it out, all things being equal. Correction to $2.10 - $2.50?
You were right NG gained 7¢ today breaking two days of consolidation.
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  • #3,348
  • Aug 22, 2020 5:47am Aug 22, 2020 5:47am
Quoting danasa
The market is too big for any one person to manipulate...so I don't mind pointing... {image}{image} {image}
Ideally looking at above 4 dollars too

On a monthly basis, selling below 4 dollars is not a smart idea (for the long run)
COT: The precious data ignored
  • #3,349
  • Aug 24, 2020 2:15pm Aug 24, 2020 2:15pm
Quoting kuroro001
{quote} Ideally looking at above 4 dollars too On a monthly basis, selling below 4 dollars is not a smart idea (for the long run)
NG gained 6¢ today at that rate it will take forever to get to $4.
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  • #3,350
  • Aug 24, 2020 11:18pm Aug 24, 2020 11:18pm
Quoting Hutch
{quote} NG gained 6¢ today at that rate it will take forever to get to $4. {image}
Depends how we read it, we rose 1,7xx to 2,6xx in a month

What if it reproduces it more next month as winter approaching ?

Who knows, but i can tell you i'd never sell (naked sell) gas below 4 dollars
COT: The precious data ignored
  • #3,351
  • Aug 25, 2020 2:18pm Aug 25, 2020 2:18pm
NG lost 2¢ today in a tight trading range.
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  • #3,352
  • Aug 26, 2020 2:25pm Aug 26, 2020 2:25pm
NG lost 5¢ today in a slightly better trading range.
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  • #3,353
  • Aug 27, 2020 2:33pm Aug 27, 2020 2:33pm
NG gained 19¢ or 7% today all in one trade. Hard to get a better trade setup
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  • #3,354
  • Aug 28, 2020 2:13pm Aug 28, 2020 2:13pm
NG lots 3¢ today I guess we cannot have a day like yesterday every day
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  • #3,355
  • Aug 31, 2020 2:24pm Aug 31, 2020 2:24pm
NG lots only 1¢ today but after the drop this morning it went up by 10¢ but this wasn't enough to save the day.
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  • #3,356
  • Sep 1, 2020 7:11am Sep 1, 2020 7:11am
waiting for breakout down , 44.55 breaks and hold may enough signal for next leg down much deep, a real buy areas.take care ,fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,357
  • Sep 1, 2020 2:32pm Sep 1, 2020 2:32pm
NG lost 6¢ today it looks like big traders don't want NG to go up.
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  • #3,358
  • Sep 3, 2020 8:12am Sep 3, 2020 8:12am
well start down for brent , need 41.70 1st confirmation
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,359
  • Sep 3, 2020 2:15pm Sep 3, 2020 2:15pm
NG hardly moved with a small gain of 6¢ today.
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  • #3,360
  • Sep 4, 2020 2:22pm Sep 4, 2020 2:22pm
Looks like the energy market is getting weird. While WTI went down $1.78 or 4% today NG went the other way going up 10¢ or 4%.
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